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Norwegian energy giant Equinor yesterday awarded platform supply vessel (PSV) contracts for six ships to five shipowners. The contracts have a total value estimated at more than NOK 2.5 billion (about $235 million) including options and will support Equinor’s activities on the Norwegian Continental Shelf. Equinor, whose majority shareholder is the Norwegian state, has long… Read More
Singapore’s Keppel Offshore & Marine (Keppel O&M) has completed the modification works for the four legacy jack-up rigs that are be deployed on bareboat charters in Saudi Arabia. The rigs are being chartered in pairs to Arabian Drilling Company (ADC) and ADES Saudi Limited Company (ADES) respectively and are expected generate a total charter revenue… Read More
The contracts have a combined firm duration of 850 days supporting various clients in the UK and Dutch sectors. The contracts have a combined value of approximately NOK 105 million and will be executed by Far Symphony, Far Spica, Normand Serenade and Normand Tantalus. Skudeneshavn, October 14th, 2022 Contacts Lars Peder Solstad CEO, at +47… Read More
This story was updated on Oct. 11 to clarify the costs of upgrading the PJM transmission system to accommodate offshore wind as identified in a 2021 report by the grid operator. The cost estimates included other renewable energy goals by states, not just offshore wind. President Joe Biden’s administration laid out ambitious additional goals last month to… Read More
Eastern Shipbuilding Group (ESG) has not given up its fight against the U.S. Coast Guard’s decision to award Stage 2 of the offshore patrol cutter (OPC) program to Austal USA. Although it has withdrawn the bid protest it filed with the GAO in June, Eastern will now pursue the matter in the U.S. Court of Federal Claims (COFC). At… Read More
After years of debate, Israel and Lebanon have reached an agreement on the location of their maritime boundaries. The two nations, which do not have diplomatic relations, negotiated the terms of the deal with U.S. envoy Amos Hochstein, who shuttled back and forth to talk with each side. Under the final terms, Israel will keep… Read More
Seajacks International, a wholly-owned subsidiary of Eneti Inc., recently completed the installation of all 33 wind turbines at the Akita & Noshiro offshore wind farm situated off the Japanese Akita Prefecture coastline, according to Eneti’s release. The self-propelled jack up vessel, Seajacks Zaratan, carried out the work in collaboration with main installation contractor Kajima Corporation… Read More
A review of potential impacts from offshore wind energy leasing activities in the Morro Bay Wind Energy Area found no significant environmental impacts, the U.S. Bureau of Ocean Energy Management announced this week. The final environmental assessment considered potential impacts of issuing leases for floating wind generation turbines within the 376-square-mile Morro Bay Wind Energy… Read More
Singapore offshore vessel operator and marine engineering services provider Kim Heng is looking at $35m in new contracts secured by its subsidiaries in Taiwan. The company’s units Kim Heng Marine & Oilfield, Khan Hin Engineering and Bridgewater Marine, in which it holds a 49% stake, have been awarded $17.3m, $14.6m and $3.1m worth of contracts… Read More
Indian billionaire Gautam Adani and his family are in early talks with investors including Singapore’s sovereign wealth fund GIC Pte and Temasek Holdings Pte to raise at least $10 billion to fund the group’s expansion in clean energy and ports, Mint reported. Adani is also talking to other wealth funds and private equity firms about the fundraising, Mint said, citing… Read More
The relationship between U.S. energy production and national parks, forests and wildlife refuges is the focus of a newly launched website, Royalties to Restoration. In 2021, oil and gas companies operating in U.S. offshore waters paid more than $3 billion to the federal treasury. In 2022, a total of $2.8 billion has been set aside for the… Read More
Ampelmann making headway in Taiwanese wind market As Taiwan’s windfarm construction effort is gathering momentum, so is Ampelmann’s involvement in its expanding offshore wind market. In the last six months, we signed another four contracts with different (end)clients to supply our systems to this important and expanding market. Two E1000’s and two A-types were recently… Read More
Crowley has completed the purchase of 42 acres in Salem, Massachusetts, the latest milestone toward the development of the state’s second major offshore wind port terminal. The Salem Harbor Wind Terminal is a public-private partnership between Crowley and the City of Salem, with AVANGRID serving as the port’s anchor tenant through its Commonwealth Wind and… Read More
The technology group Wärtsilä is completing the commissioning of its first energy storage project in the Netherlands, which is the country’s largest system to date. The company was joined by His Excellency Rob Jetten, Minister for Climate and Energy, and the CEO of GIGA Storage BV, Ruud Nijs, to celebrate the milestone during a ribbon cutting… Read More
Japanese operator Modec has taken delivery of a new FPSO for Petrobras’ Campos Basin Renewal Plan, a $16 billion, four-year program to revitalize a maturing region. The FPSO Anita Garibaldi has left the Dalian Shipbuilding Industry Offshore (DSIC) shipyard in Dalian, China and is en route to Brazil for deployment in the Marlim and Voador fields… Read More