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
