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Houston-headquartered offshore services giant Tidewater Inc. (NYSE:TDW) has released third quarter results that see it report positive net income for the first quarterly period since 2017. “Our third quarter performance reinforces our previous commentary that the offshore vessel industry had reached an inflection point,” said Tidewater President and CEO Quintin Kneen. “Revenue improved by 17% sequentially,… Read More
In the next decade, $1 trillion is set to flow into offshore wind. Everyone – from legacy energy providers to Big Oil – is making moves in this space. Despite being the global leader, the European offshore wind industry is still in its infancy and the largest opportunities lie ahead. In 2021, offshore wind supplied… Read More
The Carteret County Beach Commission, which advises the county shore protection office, received a briefing Monday on Kitty Hawk Wind, a major wind energy project that could impact the county in the future, in ways both positive and unknown. Megan Higgins of Avangrid Renewables, a major player in the wind energy industry, spoke to the… Read More
The SX 175 design offshore wind service operation vessel (SOV) Windea Leibniz is back at Norway’s Ulstein Verft for an upgrade. After installation of an adjustable pedestal for the gangway, and a 50% increase in single cabins for charterers, the vessel will be ready for assignments in the Baltic Sea as well as the North Sea, and… Read More
Norway’s Amon Maritime, which seeks to become the world’s first carbon-free shipping company, announced plans to expand its efforts with ammonia as a maritime fuel to launch the first platform supply vessels that can operate carbon-free. The new fleet which expects to launch by 2025 is designed to meet Norwegian regulations for the oil and… Read More
Nearly two years after Keppel O&M announced plans to exit its core business in offshore oil rig construction and repairs and six months after an agreement to form a new company with Sembcorp, the planned merger has been restructured for Sembcorp Marine to directly acquire Keppel O&M. The deal, which is now valued at nearly… Read More
The Offshore Marine Services Association (OMSA) has made a remarkable discovery: a Dutch-flagged, Dutch-owned tug has crossed the Atlantic and performed at least one job on a U.S. offshore wind farm. The vessel’s presence appears to counter expectations that the Jones Act workboat sector would have exclusive access to tug-and-tow contracts for offshore wind projects on… Read More
Crowley signed an agreement with the Port of Humboldt Bay to exclusively negotiate to be the developer and operator of a terminal to serve as California’s first hub to serve offshore wind energy installations. Through Crowley’s Wind Services group, the company will enter into negotiations with the port to lease and serve as the port’s… Read More
The U.S. Bureau of Ocean Energy Management (BOEM), on October 21, 2022, published the Final Sale Notice (FSN) for the California lease areas available for commercial offshore wind energy development. The December 6 lease sale will be the first offshore wind lease sale on the West Coast and the first U.S. sale to support potential commercial-scale offshore… Read More
Dominion Energy Virginia and the Virginia Office of the Attorney General have filed a settlement agreement in Dominion Energy’s pending petition to the State Corporation Commission of Virginia (SCC). The petition had asked the SCC to reconsider the performance guarantee included in the final order approving the development of the 2.6 GW Coastal Virginia Offshore… Read More
The Nigeria National Petroleum Company (NNPL) Limited, Akwa Ibom government, and Solutions Hub Limited, have signed a deal to establish a fully integrated, deepwater logistics shore base in the state. NNPCL disclosed this in a series of tweets on Sunday. According to the tweet, Udom Emmanuel, Akwa Ibom governor, the leadership of NNPC, and Solution Hub Limited,… Read More
Crowley has signed an agreement with the Port of Humboldt Bay in Eureka, Calif., to exclusively negotiate to be the developer and operator of a terminal to serve as California’s first hub to serve offshore wind energy installations. Through Crowley’s Wind Services group, the company will enter into negotiations with the port to lease and serve as the… Read More
The climate change conference COP271 offers a unique opportunity to increase energy access and lay the foundations for decarbonisation across Africa, but wealthy nations must deliver on their climate finance pledges to unlock the continent’s potential, according to a new report. ‘Pathways for Africa’s Energy Future,’ a report from the technology group Wärtsilä, provides power system… Read More
A pioneering new partnership between WWF and Ørsted aims to advance offshore wind deployment that enhances ocean biodiversity, and drive a global shift towards addressing climate and biodiversity goals together. Climate change is accelerating biodiversity loss, as crucial ecosystems and wildlife are hit hard by the impacts of a warming world. The ocean already plays… Read More
Ørsted and Copenhagen Infrastructure Partners (CIP) have entered into a partnership to develop approx. 5.2 gigawatts of offshore wind in Denmark across four projects. The partnership can accelerate the green transformation greatly, create value in the offshore wind industry, strengthen value- and job creation, and create a Danish business and export stronghold within Power-to-X. Ørsted… Read More