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Abu Dhabi-based Gulf Marine Services (GMS) said one of its clients in Europe, World Marine Offshore A/S has filed for bankruptcy. In a regulatory statement on Friday, the London LSE-listed GMS said it has outstanding receivables from WMO of approximately 4 million euros ($4.3 million), from its contract to support the construction and development of… Read More
The State of New Jersey has secured another anchor tenant for the New Jersey Wind Port, the nation’s first purpose-built port for wind farm construction staging. Atlantic Shores Offshore Wind – a joint venture between Shell and EDF – has signed a letter of intent to lease 35 acres at the new port, which it… Read More
A new research effort supported by many of the leading companies developing offshore wind farms and funded by the EU is investigating single-sided welding techniques. If found to be successful, the project organizers believe this new welding methodology could help ease bottlenecks in development and cut the cost of wind turbine fabrication. Known as the… Read More
As demand for energy has risen in the last several decades, industrial exploitation of the deep ocean has intensified. The continued rise of the offshore oil and gas industry, and the emergence of new marine renewable energy technology, all points to an increasing dependence on the deep ocean (depths greater than 200 meters) as part… Read More
The Department of the Interior today announced that the Bureau of Ocean Energy Management (BOEM) will publish a proposed rule to update regulations for offshore wind development on the U.S. Outer Continental Shelf (OCS). Interior says the proposed regulations would modernize regulations, streamline overly complex and burdensome processes, clarify ambiguous provisions and enhance compliance provisions… Read More
Continuing its growth in onshore renewables, Ørsted has decided to build the 471 MW AC Mockingbird Solar Center in Texas. Covering an area of 4,900 acres (approx. 20 km2), Mockingbird will be able to generate enough renewable energy to power more than 80,000 homes annually, making it the largest solar PV project in Ørsted’s portfolio… Read More
Quarterly Report from the Business Network for Offshore Wind highlights duality of long-term market strength, short-term uncertainty BALTIMORE — The American offshore wind industry closed 2022 strong despite impending challenges and economic uncertainty, according to the U.S. Offshore Wind Quarterly Market Report released today by the Business Network for Offshore Wind, the leading non-profit working to accelerate offshore… Read More
A team of German scientists has suggested that offshore wind farms in the North Sea could significantly impact the ecosystem. The scientists from the Helmholtz-Zentrum Hereon Research Institute used numerical modelling to show how there could be physical disruptions to the marine environment, along with sedimentation and wind flow from turbines. They forecast sedimentation could increase by… Read More
Dutch shipping group Vroon, which has been a family-run business for more than 130 years, has succumbed to financial pressures that were exacerbated by global events and economic pressures in the past year. The company, which had been working to grow its offshore services as well as operating a fleet of tankers and livestock carriers,… Read More
Two years after Vietnam committed to a net zero emissions future, the country’s offshore wind sector is increasingly gaining interest with the investors. Vietnam is already working on a new Power Development Plan (PDP), which will outline the country’s energy sector outlook between now and 2030. The emphasis of the plan is a shift away… Read More
Empire Offshore Wind, a joint venture between Equinor and bp,has awarded a contract to DEME Offshore US for the transportation and installation of inter-array cables for the Empire Wind 1 and 2 offshore wind farms. Representing a substantial contract (1), DEME Offshore US will be responsible for the transport and installation of the inter-array cables, which have… Read More
Petronas, the oil and gas company owned by Malaysia, plans to expand its operations adding another Floating Liquefied Natural Gas (FLNG) facility project to its operations. Contacts have been awarded for what the company is calling the first nearshore FLNG in the world as well as the third floating LNG plant to be constructed for… Read More
Neptune Energy has signed a Memorandum of Understanding with Ørsted and Goal7 to explore powering new integrated energy hubs in the UK North Sea with offshore wind-generated electricity. Integrated energy hubs have the potential to combine multiple energy systems, including existing oil and gas production assets, carbon storage and hydrogen production facilities. They could extend… Read More
The Bureau of Ocean Energy Management (BOEM) has revealed that Cook Inlet Oil and Gas Lease Sale 258, which was held on December 30, generated one bid for one tract. The bid, in the amount of $63,983, was submitted by Hilcorp Alaska LLC, BOEM noted. Following the sale, the bid will go through a 90-day… Read More
Installation of enormous floating wind turbines needed to turn West Coast ocean gales into clean electricity remains years off, but results of a federal lease auction this month off California promised to kickstart a work boom on the state’s northern and central coasts. The farming of wind power from American waters will be crucial in… Read More