It's on us. Share your news here.
It's on us. Share your news here.
“Sadly, we have taken the ocean for granted and today we face what I would call an ocean emergency,” UN secretary-general António Guterres said at the opening of the UN Ocean Conference in Lisbon on 27 June 2022. “We must turn the tide.” Ocean heating and acidification, sea-level rise and greenhouse gas concentrations all hit… Read More
The Bureau of Ocean Energy Management (BOEM) will conduct a regional environmental review of six lease areas offshore New York and New Jersey in the New York Bight. Leases for these six areas were awarded through BOEM’s February 2022 auction that brought in over $4.3 billion, a record amount for any U.S. offshore renewable or… Read More
For the second time in 18 months, offshore drilling contractor Borr Drilling is reporting that it has reached terms with creditors to refinance the company. The heavily-leveraged company announce that agreements in principle have been reached with most of the secured creditors to extend the majority of secured debt to 2025. Borr has been saddled… Read More
As global industry wrestles with the challenges of delivering the energy transition, significant attention has been focused on the production of cleaner energy from renewable sources to fuel sweeping decarbonization efforts. However, if any net zero or global warming targets are to be met, we also need to factor in how to make current practices… Read More
Maersk Supply Service is due to install the wind turbines at the Beacon Wind farm off the U.S. East Coast, for a joint venture between Equinor and bp. The installation of Beacon Wind is expected to start in 2028. In March 2022, Maersk Supply Service ordered a newbuild Wind Installation Vessel (WIV), the first project… Read More
One of the technologies that are being actively explored seeks to combine offshore wind farms with the production of hydrogen. In the latest development, Germany’s energy giant RWE announced working with its partners it plans to explore the production of hydrogen at sea linked to one of the offshore wind farms it has slated for… Read More
Olympic contracts two firm Construction Service Operation Vessels (CSOVs) and two options at Ulstein Verft. The vessels have hybrid battery propulsion and are prepared for methanol fuel to enable zero emissions. They are based on the ULSTEIN SX222 design with TWIN X-STERN from Ulstein Design & Solutions AS. Les på norsk Norway-based Olympic has a fleet that… Read More
The Bureau of Ocean Energy Management (BOEM) will conduct a regional environmental review of the six New York Bight offshore lease areas offshore New York and New Jersey. Leases for these six areas were awarded through BOEM’s February 2022 auction that brought in over $4.3 billion, a record for any U.S. offshore renewable or conventional energy lease… Read More
We are 132 days into Vladimir Putin’s brutal and increasingly bloody war in Ukraine. The conflict has turned old energy norms on their head, especially in Europe, as nations frantically search for ways to quickly wean themselves off Putin’s dirty and politically untouchable gas. The oil and gas lobby has been quick to argue that… Read More
RHODE ISLAND — Gov. Dan McKee on Wednesday signed a bill into law requiring Rhode Island to expand its off shore wind energy usage. The new law requires a market-competitive procurement for between 600 and 1,000 mega-watts of newly-developed offshore wind capacity. The state’s primary utility company, Rhode Island Energy, must issue the procurement no… Read More
Solstad Offshore ASA says that the PSV Normand Swan has been awarded a term contract in Australia from a major energy company for a period of 2 years firm. Additional options are also available to the client following the firm period. Commencement of the contract is scheduled during September 2022 Source
By Jonathan Hawes Development of floating offshore wind sites in the U.S. has just begun, but industry pros say that current and planned development bodes well. The number of planned floating offshore wind projects skyrocketed in 2020, according to the Department of Energy. At least 25 GW should be installed by 2026. Cusp of a Boom… Read More
Rhode Island Gov. Dan McKee has signed into law legislation that seeks to expand the state’s offshore wind energy resources. The new law requires a market-competitive procurement for between 600 and 1,000 MW of newly-developed offshore wind capacity. Rhode Island’s primary utility company, Rhode Island Energy, is required to issue the procurement no later than Oct…. Read More
Hexicon AB’s novel twin-turbine floating offshore wind system has secured the UK’s first ever Contracts for Difference financial support package for a floating wind farm. The CfD award will support Hexicon’s future TwinHub project in the Celtic Sea, a demonstration-scale 32 megawatt installation which will test out the potential of the company’s two-turbine-per-platform technology. The… Read More
The UK government today said its fourth Contracts for Difference (CfD) auction round has secured nearly 11 GW of clean energy, including almost 7 GW of offshore wind. This is the largest tender so far, with the latest awards representing double the capacity achieved in the previous round. A total of 93 projects with planning… Read More