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Eidesvik Offshore has appointed Helga Cotgrove as Chief Financial Officer (CFO). She will join the Company on 1 October 2022 at the latest. Cotgrove has more than 20 years of energy sector finance experience in various roles within M&A, strategy, tax, finance, accounting, and auditing. She comes from the position as CFO in Norsk Solar… Read More
Vestas has received a 266 MW order to power the Goodnight I wind project, owned by Omega Energia, in Texas, USA. The order consists of 59 V136-4.5 MW turbines, as well as a 30-year Active Output Management (AOM 5000) service agreement, designed to ensure optimised performance of the asset. “Vestas is thrilled to partner with… Read More
The Coast Guard reports that it has awarded a fixed-price incentive (firm target) contract to Austal USA, Mobile, Ala., to produce up to 11 Offshore Patrol Cutters (OPCs). The initial award is valued at $208.26 million and supports detail design and long lead-time material for the fifth OPC, with options for production of up to 11 OPCs in… Read More
On Friday, the White House released its long-awaited proposal for the next five-year offshore leasing program, and the contents appear to walk back President Joe Biden’s campaign pledge to halt further offshore oil and gas auctions. It has drawn criticism from both the energy industry and from environmental activists, as it proposes dueling options: no… Read More
Russian President Vladimir Putin has moved to nationalize the Sakhalin-2 offshore oil and gas project in Russia’s Far East, threatening the rights of Japanese and European investors. The decision also raises the risk that Sakhalin-2 might suspend its contractual shipments of LNG to Japan, where the government has criticized the Kremlin’s decision to invade Ukraine…. Read More
Last week, Representative Peter DeFazio (OR-04) and Oregon Sen. Wyden sent a bicameral letter to the Bureau of Ocean Energy Management (BOEM) about their significant concerns with the ongoing siting process for offshore wind facilities off the southern Oregon coast. BOEM has issued Call Areas for potential offshore wind leasing off Coos Bay and Brookings…. Read More
June 30 (Reuters) – The Biden administration on Thursday delayed the rollout of a proposed five-year offshore oil and gas development plan that had been promised by the end of the month, according to sources. Interior Department Secretary Deb Haaland in May had vowed to unveil the draft proposal ahead of the June 30 expiration… Read More
The Biden administration is expected to propose a five-year plan for new offshore oil and gas leases in federal waters by Thursday — and potentially as soon as today. The long-awaited plan comes as the administration tries to balance its ambitious climate agenda with combatting high gasoline prices that imperil Democrats’ chances in the midterm elections. It… Read More
Ørsted, the world-leading Danish energy company, and DSV, the global Danish transport and logistics company, will test long-distance drone transport of spare parts and tools in the Kattegat. Ørsted has the ambitious goal of becoming carbon-neutral by 2025 and is continually exploring new ways to ensure high wind farm availability and reduce carbon emissions from… Read More
Boskalis, with a presence in the US market spanning more than forty years, has recently opened a new office to support the rapidly developing US offshore wind market along the east coast. The office, located in Providence, Rhode Island, will serve as the Boskalis renewables hub from which multiple project teams will be supported. On… Read More
Offshore contractor Borr Drilling is selling three of the five new jack-up rigs the company has on order in its latest effort to refinance. It is the second refinancing Borr has undertaken in the past 18 months in response to the prolonged downturn in the offshore drilling sector and despite positive comments by the company… Read More
The New York City Economic Development Corporation (NYCEDC) has released a Request for Information (RFI) to catalyze local offshore wind innovation. The RFI invites entities from the public and private sector to submit project proposals that have the potential to generate new technologies, businesses, and approaches to R&D and commercialization for the offshore wind industry specifically and… Read More
Sweden’s Wallenius Marine has signed an agreement with Danish naval architectural consultancy Knud E. Hansen that will see the firm join the Orcelle Wind project as naval architects. Using wind as its main form of propulsion, Orcelle Wind will be a full-size Roll-On/Roll-Off ship with a capacity to carry 7,000 cars along with breakbulk and rolling equipment. At 220 meters long and… Read More
QatarEnergy, the world’s largest LNG exporter as of May 2022, has joined an industry initiative to effectively eliminate methane leakage from its natural gas operations by 2030. Methane is a potent greenhouse gas, about 80 times more powerful than CO2 over a 20-year timeline. Human-generated methane emissions are responsible for roughly one quarter of current… Read More
It won’t be long before offshore wind is powering homes in Maryland, but with so few examples of completed wind farms in the United States, it’s hard to fully imagine what a completed project will look like. That’s why Ørsted, a Danish power company, and the Maritime Institute of Technology and Graduate Studies in Linthicum Heights… Read More