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Plans to generate electricity through floating wind farms off the south Wales coast could create thousands of new jobs, according to the Crown Estate. The property business owned by the monarch but run independently said the new industry could create about 29,000 jobs, including 10,000 in Wales. It is leasing the space to generate enough… Read More
Scottish engineering firm Orbital Marine Power said Monday it secured £8 million ($9.64 million) in funding to “finance the ongoing operation” of its O2 tidal turbine, in another step forward for the fledgling tidal power sector. In an announcement, Orbital Marine Power said £4 million had come from the Scottish National Investment Bank, which was… Read More
Austal U.S. has been selected to build the U.S. Coast Guard’s next set of 11 Offshore Patrol Cutters (OPCs). The $3 billion contract award comes as a disappointment for Eastern Shipbuilding Group, the Florida-based shipyard that worked on the design and built the first four in the series. In 2016, Eastern Shipbuilding Group won a… Read More
Parkwind has awarded Semco Maritime a service contract for the offshore substation at the 257MW Arcadis Ost 1 offshore wind farm in the German Baltic Sea. The contract covers 2022-2027 and will see the latter company perform service assignments at the platform northeast of the German island of Rügen. Semco Maritime has already been responsible… Read More
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
TGS ASA, a global provider of energy data and intelligence, today announced that it has been named a successful bidder in the auction process conducted in connection with ION Geophysical Corporation’s (ION) Chapter 11 bankruptcy case pending in the United States Bankruptcy Court for the Southern District of Texas. As a result, TGS will acquire certain assets… Read More
TGS ASA (“TGS”), a global provider of energy data and intelligence, announced today that it has acquired Prediktor AS (“Prediktor”), a leading provider of asset management and real-time data management solutions to renewable and energy asset owners. Established in 1995, the company has carried out thousands of installations on mission-critical industrial and energy assets on… Read More
Edda Wind welcomes Jan Lodden to the team in the newly established position as COO. Lodden has a background as Master Mariner of offshore service vessels, including building supervision. He has been with Eidesvik Offshore management for more than 20 years and comes from the position as COO. “Edda Wind is very pleased with securing… Read More
Abu Dhabi National Energy Company PJSC (TAQA), one of the largest listed integrated utility companies in the Europe, the Middle East and Africa region, today announced it has completed the safe and successful removal of the Brae Alpha West drilling rig (Rig 1) and the Brae Bravo upper main jacket in the Northern North Sea…. Read More
Siemens Gamesa will supply 15 units of its SG 5.0-145 turbine for South Korea’s third largest wind farm to developer SK D&D. Following its expected commissioning in 2024, the 75 MW Gunwi wind farm will generate enough electricity to power 64,000 local households, forming part of the country’s efforts to reduce reliance on fossil fuels… Read More
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