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The Business Network for Offshore Wind, the leading non-profit working to develop offshore wind and build a dedicated supply chain in the United States, will present U.S. Secretary of Commerce Gina Raimondo with the Heronemus Award for Outstanding Achievement in Offshore Wind at its annual Ventus Gala this Thursday, November 17, in recognition of her outstanding leadership and… Read More
Norwegian offshore vessel operator DOF is the latest in a long string of peers to head for a balance sheet restructuring, but a shareholder revolt appears to have disrupted management’s preferred plan for how to go about it. In June 2022, after three years of negotiations, the company reached a comprehensive agreement with its major creditors…. Read More
The Netherlands announced the awarding of a new offshore lease for the first of two new wind farms which it believes represent the future of offshore energy generation. As part of the tender, the government required concepts that make better use of the full capacity. They called for new solutions for fully integrating all the… Read More
Born into offshore royalty, Laborde spent 15 years at the mother ship before founding his own company. “I never doubted I would make it,” he says. Let’s start with a little history. The Laborde name is synonymous with the offshore industry, which was practically invented by your father – a titan in the industry –… Read More
After Russia’s war in Ukraine disrupted the global energy market, especially in Europe, new energy suppliers have steadily emerged to plug the demand gap. Particularly, African nations rich with hydrocarbons have seen intensified interest in their gas fields. On Sunday, Mozambique flagged off its first shipment of LNG destined to Europe. This was a historic… Read More
An estimated 400 recruiters from 176 organizations, including many from the offshore wind industry, attended the recent Fall Career Fair at Massachusetts Maritime Academy (MMA; www.maritime.edu), a top-ranked public university with undergraduate degree programs focusing on science, engineering, technology, math, and business that blend academics and experiential learning. Students had the opportunity to discover career paths and opportunities,… Read More
Ørsted, a U.S. clean energy leader, today announced a new hire to advance its partnership with the State of Maryland and the development of Skipjack Wind. Ørsted has hired Maddy Voytek to serve as Deputy Head of Government Affairs and Market Strategy in Maryland. Voytek will be responsible for developing and implementing engagement strategies in the state,… Read More
DEME has secured contracts representing 1 GW for the Hai Long wind farms in Taiwan. This milestone deal between CSBC-DEME Wind Engineering (CDWE) and Hai Long Offshore Wind follows nearly three years of planning and preparation under a preferred bidder agreement. The large contract scope (1) covers the transportation and installation for the foundations, turbines and offshore… Read More
The UK Government is joining the Global Offshore Wind Alliance, which aims to accelerate the deployment of offshore wind worldwide to tackle climate change and increase energy security. The announcement was made in Sharm el-Sheikh in Egypt where COP27 is taking placve. Several other countries have also announced they’re joining the alliance, including Belgium, Colombia,… Read More
Norway continues to develop its North Sea oil and gas assets and on Friday, Neptune Energy, a leading independent international oil and gas exploration and production company, announced that drilling had commenced on the Calypso exploration well in the Norwegian Sea. The exploration well, 6407/8-8 S, is being drilled by the Deepsea Yantai, a semi-submersible rig, owned by CIMC and… Read More
In a pilot project designed to support the decarbonization of the offshore oil and gas industry, ConocoPhillips China and Chinese Energy company CNOOC will develop wind turbines to power the Penglai Oilfield, China’s largest offshore oil and gas production base. Located in Bohai Bay, in Northeast China, the field has been in production for 20… Read More
With global plans for offshore wind energy development accelerating, investors continue to look for new opportunities to participate in the market. In the latest development, a U.S. private investment firm, Sandbrook Capital, has acquired a majority stake in Norway’s Havfram, a recently launched offshore wind services company. The Norwegian company, which is transitioning from its… Read More
An alternative investment fund based in Cyprus is the latest to make a play for a segment of the emerging offshore wind services industry. Pelagic Partners, which is one of Cyprus’ emerging managers in other segments of commercial shipping announced the launch of a new Pelagic Wind Fund with the order for up to six… Read More
The Interior Department has just tapped Texas and Louisiana for offshore wind development, which at first glance seems like an exercise in futility. All things being equal, policy makers in the two “red” states would be expected to slow-walk the offshore lease process. However, the era of hand sitting may be over. States without fossil… Read More
Spanish regulators have given German conglomerate Siemens Energy the green light to buy up all outstanding shares of Siemens Gamesa Renewable Energy (SGRE), its majority-owned wind turbine manufacturing affiliate. At the end of the buyback period, SGRE will be delisted. Siemens Energy owns 67 percent of SGRE, and it will buy back the remaining publicly-held… Read More