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Further to our company announcement issued on 28 March 2022, Ørsted has today completed the divestment of 50 % of Hornsea 2 Offshore Wind Farm to a consortium comprising AXA IM Alts, acting on behalf of clients, and Crédit Agricole Assurances. The information provided in this announcement does not change Ørsted’s previous financial guidance for the financial… Read More
Santos has received an offer from Papua New Guinea’s (PNG) national oil and gas company Kumul Petroleum to acquire a 5% stake in the former’s $19bn PNG liquefied natural gas (LNG) project, located near Port Moresby, for approximately $1.4bn. The consideration of the binding conditional offer includes a proportionate share of project finance debt of nearly $300m. Kumul Petroleum… Read More
Rapid growth in the offshore wind sector and the move to larger wind turbines with longer blades is giving rise to the need for more specialized installation vessels. In the latest proposal, designers at GustoMSC working with NOV Lifting & Handling have developed a design for a specialized smaller lifting vessel for blades that they… Read More
As wind farms grow larger and further from shore and convert from fixed bottom to floating, new salutations will be required to support these projects. Drawing on their experience in floating structures for floating wind turbines and for major floating oil and gas topsides, Denmark’s Semco Maritime and ISC Consulting Engineers and with Technip Energies’… Read More
Owner/operator of offshore crew transfer vessels Windcat Workboats announces plans to add six additional hydrogen-powered vessels to its fleet servicing Europe’s offshore wind and energy sector. A division of Belgium’s Compagnie Maritime Belge (CMB) the company is focusing on the emerging opportunities tied to the offshore wind sector. Windcat Workboats and CMB.TECH introduced the world’s… Read More
As Portugal accelerates efforts for energy transition, the government has further raised the target for its debut offshore wind power auction to 10 gigawatts (GW). In June, the government committed to tender 6-8 GW of projects, which was already double the target it had set at the start of 2022. Portugal’s Environment Minister Duarte Cordiero… Read More
The concept of developing hydrogen offshore linked to wind farms is taking a step forward with the first test unit having been dedicated in France. The Sealhyfe platform was installed on a Wavegem wave energy platform and is now preparing for tests alongside a pier in the port of Saint-Nazaire, France before it is moved… Read More
Singapore’s Marco Polo Marine wants to capitalize on the fast expanding Asia-Pacific offshore wind energy market after unveiling plans to build, own and operate a new commissioning service operation vessel (CSOV). The company announced that construction of the $60 million vessel is expected to be completed in the first quarter of 2024 and will be… Read More
Ampelmann mobilises first L-type in Abu Dhabi As one of the pioneers of Walk to Work (W2W), we are proud to announce that we have signed a contract with shipping company P&O to supply one of our L-type gangways t to a major player in the offshore industry in Abu Dhabi. This is an exciting moment for… Read More
Maersk Drilling has been awarded a contract with INEOS E&P A/S for the provisioning of the harsh-environment jack-up rig Maersk Resolve to drill two development wells at the Solsort field as well as performing well intervention work scopes on two wells within the Siri cluster. Both areas are located in the Danish North Sea. The… Read More
Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) announced today the successful financial closing of their $3.8 billion strategic project to power and significantly decarbonize ADNOC’s offshore production operations. Together with a consortium comprised of Korea Electric Power (KEPCO), Kyushu Electric Power Company (Kyuden) and Électricité de France (EDF)… Read More
Oregon’s South Coast residents will begin a dialogue on floating offshore wind energy development in a series of three community conversations throughout Coos County on September 28 and October 5. Residents are mobilizing to advocate for community priorities in the conversation about whether they will consider floating offshore wind energy project proposals in Coos Bay…. Read More
Agroundbreaking plan to create an offshore wind-powered hydrogen energy industry cluster in south Louisiana has been awarded $50 million from the Build Back Better Challenge, the U.S. Economic Development Administration announced earlier this month. H2theFuture, which will create a wind-powered hydrogen industry cluster in south Louisiana, won an EDA Build Back Better Challenge award. The project… Read More
The Biden administration accepted nearly $190 million Wednesday in bids from an offshore oil and gas lease sale that was held nearly a year ago but rejected by a federal judge. The Bureau of Ocean Energy Management’s action was required by the climate bill that was signed Aug. 16 — a disappointment to environmentalists who worry about the climate impacts of offshore… Read More
Damen Shipyards is developing a new class of vessel that will be capable of supporting the next big development in offshore wind; the roll out of large scale, floating offshore wind turbines (FOWT). Forecasts indicate that by 2050 over 200GW of new FOWT will be in operation, equating to around 13,500 units which together will… Read More