It's on us. Share your news here.
It's on us. Share your news here.
Houston headquartered offshore service vessel giant Tidewater (NYSE:TDW) has released its second formal sustainability report, disclosing its environmental, social, and governance (ESG) performance in 2021. In his introduction to the report, Tidewater CEO Quintin Kneen says that “climate change is Important to us.” “When it comes to addressing climate and our related impacts and opportunities, the… Read More
Swedish energy company Vattenfall has been awarded $11.6 million in innovation funding from the Net-Zero Innovation Portfolio Low Carbon Hydrogen Supply 2 fund by the UK Government. Vattenfall said that the funding would be used to develop the world’s first hydrogen-producing offshore wind turbine, with the electrolyzer sited directly onto an existing operational turbine. The… Read More
Wood Mackenzie expects that offshore wind is going to be a trillion-dollar business opportunity for the offshore sector by 2030. As installation costs fall and political commitment rises in nations around the world, the sector is taking flight, and it is drawing attention from oil majors and new market entrants alike. “By 2030, as much… Read More
UK-based renewable energy group Octopus Energy Group has announced a financial and strategic partnership with Xlinks, the company building an interconnector between solar farms in Morocco and the UK. For the Morocco-UK power project, Xlinks is laying four 3,800km-long subsea cables that will link a renewable energy facility in the Moroccan desert with Devon, UK. The site will… Read More
Maersk Decom, the offshore decommissioning joint venture between Maersk Drilling and Maersk Supply Service, is shutting its doors and offloading its only active project. “Maersk Decom has transferred its responsibility for the Banda Tiof project in Mauritania to Petrofac, effective from April 2022. With this Maersk Decom has no further commitments and the company will… Read More
Massachusetts Governor Charlie Baker committed the state to invest $100 million into the development of three ports to support the rapid growth of the offshore wind sector. He highlighted the success with the start of the Vineyard Wind project saying that the state would move to accelerate the development of ports and projects in New… Read More
Offshore driller Transocean has named the world’s first 8th generation drillship – the Deepwater Atlas – at a shipyard in Singapore. Transocean said via social media that the naming of its latest drillship, now named the Deepwater Atlas, was held on April 30 in Singapore. The Deepwater Atlas is one of two Transocean’s newbuild drillships… Read More
A historic day for the energy transition in Europe. Belgium, Denmark, Germany and the Netherlands signed a declaration at today’s North Sea Summit in Esbjerg to build at least 150 GW of offshore wind capacity by 2050, a near tenfold increase on the EU’s capacity today. Our CEO Luc Vandenbulcke participated in a panel discussion… Read More
Norwegian investor Christen Sveaas has expanded his offshore portfolio by having purchased a stake in yet another Norwegian offshore vessel owner and operator. Following a move on the offshore shipping company Siem Offshore earlier this year, Sveaas’s Kistefos Group has bought 4m shares in the Oslo-listed Solstad Offshore, corresponding to a stake of 5.17%. Solstad… Read More
Oslo-listed OSV operator DOF has announced new long-term charter and service contracts with Brazil’s Petrobras for its Norskan Offshore and DOF Subsea Serviços Brasil business units. Four anchor handling tug supply (AHTS) vessels, Skandi Angra, Skandi Paraty, Skandi Urca and Skandi Fluminense, currently operating for Petrobras and equipped with DOF Subsea’s work-class remotely operated vehicles (ROVs), have been… Read More
Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR), and Copenhagen Infrastructure Partners (CIP), today announced the signing of a charter for a Crew Transfer Vessel (CTV) with Patriot Offshore Maritime Services, a Massachusetts company. Patriot will construct the CTV at Gladding-Hearn Shipbuilding in Somerset, Massachusetts. Gladding-Hearn is an established shipyard with more than… Read More
The efforts to develop the next generations of offshore wind turbines are continuing. In the latest development, Singapore-based vessel design and engineering firm SeaTech Solutions will collaborate with Dutch firm Seawind Ocean Technology which is developing an innovative design for floating wind turbines. Using technology in part drawn from work at NASA, Seawind is promoting… Read More
Norway’s 30-gigawatt goal is significant from a few different angles, one of which is the nation’s remarkably high rate of electric vehicles in new car sales. If Norway keeps running along that track, it is going to need more clean kilowatts than its hydropower industry can support. Offshore wind could help fit the bill. In addition, energy… Read More
Japan’s Mitsui O.S.K. Lines signed a joint development agreement for an innovative floating wind technology being developed by a Dutch start-up company called TouchWind. The companies look to work together to develop and accelerate the rollout of TouchWind’s design for a tilting, one-piece rotor floating wind turbine that can offer significant advantages over conventional designs…. Read More
Today, Ørsted announced that it has agreed to acquire Ford County Wind, a 121 MW onshore wind farm in Ford County, Illinois, from funds managed by Ares Management Corporation’s Infrastructure Opportunities strategy (‘Ares’). The wind farm is located in Midwest Independent System Operator’s (MISO) territory, further strengthening Ørsted’s presence in the region. Ørsted acquired the… Read More