Industry interest in floating offshore wind in the UK has seen rapid growth, but a race to the bottom in terms of cost, as well as port and manufacturing capacity, could mean targets are not met and challenge the long-term sustainability of the industry…
Top Israeli ministers on Wednesday endorsed a U.S.-brokered deal to delineate a maritime border with Lebanon, paving the way for a potentially fractious two-week parliamentary review before it goes into force.Prime Minister Yair Lapid's security cabinet said the deal should be 'urgently' green-lit…
The total pipeline of floating offshore wind projects has more than doubled in the past 12 months in terms of capacity worldwide, from 91GW a year ago to 185GW now, according to a report published by RenewableUK on Tuesday.According to the report…
The Metals Company (TMC) said Wednesday it had collected an initial batch of seafloor polymetallic nodules, and transported them up a 4km-long riser system to the surface in the Clarion Clipperton Zone of the Pacific Ocean.TMC, the explorer…
Danish offshore wind installation company Cadeler said Wednesday it had secured a contract with an undisclosed client for its recently ordered hybrid F-class vessel that will keep the vessel busy from 2027 to 2030. 'If all options are called during the four-year agreement…
Singapore's Keppel said on Wednesday that it had reached a deal with the offshore drilling company Borr Drilling over the delivery schedule for five jack-up rigs ordered previously by Borr Drilling.The rig builder had in 2020 and 2021 agreed…
The Philippines is seeking to revive its moribund upstream oil industry with the redevelopment of an oil field that last produced in the early 1990s, as it hopes to wean itself off fuel imports, energy officials said on Wednesday. With the Southeast…
The European Marine Energy Centre (EMEC), located in Orkney, Scotland, has completed the concept design for a new 100 MW floating offshore wind test and demonstration site. The ocean energy test facility operator is seeking to secure a lease for a site ~20 km west of Orkney…
UK-based subsea equipment rental and solutions specialist Ashtead Technology has appointed James Christie as the new leader for its Mechanical Solutions service line.Ashtead Technology said that Christie, who is Regional Director for Ashtead…
Danish offshore vessel services firm Maersk Supply Service has secured a contract to transport and install three 10MW wind turbines at the EFGL (Eoliennes Flottantes du Golfe du Lion) wind farm, a pilot floating offshore wind project in France…
Sustainability consultancy ERM has awarded a contract to Principle Power, a provider of floating foundation solutions for the floating wind industry, to progress the Front-End Engineering Design (FEED) for a Wind-to-Hydrogen Dolphyn 10 MW prototype project off the coast of Aberdeen…
Arabian Drilling Company, a Saudi oilfield services firm, said on Tuesday it will price its initial public offering at 100 riyals a share and is set to raise 2.67 billion riyals ($710.58 million).The final price is at the top end of a price range announced last month…
Copenhagen Infrastructure Partners (CIP) has selected Stiesdal Offshore’s TetraSub floating foundation structure for the 100MW Pentland Floating Offshore Wind Farm project, to be located off the coast of Dounreay, Caithness, Scotland.The technology…
David C. Hutchinson has been appointed Managing Director and UK Country Head of Semco Maritime, a Danish based engineering and contracting company focused on the energy sector.Hutchinson be based in Aberdeen and lead Semco Maritime’s growth ambitions for the UK operations…
Britain set out plans for a temporary revenue limit on low-carbon electricity generators on Tuesday, which the government said had the potential to save billions of pounds for consumers.The 'Cost-Plus-Revenue Limit' forms part of a broader energy…