Norwegian offshore IMR specialist Reach Subsea has said it been awarded several contracts and call-offs under frame agreements for 2020 execution, representing about 200 project days.The projects, with undisclosed clients, involve both inspection…
Belgium-based offshore installation specialist DEME Offshore and German builder of tunnel boring equipment Herrenknecht have teamed up to build a subsea drill to be deployed at the Saint-Nazaire offshore wind farm in France. This is the first…
Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Tuesday it will miss its target to start sending power to Massachusetts by 2022 due to lengthy federal permitting delays.The Bureau of Ocean Energy Management, part of the U…
Decommissioning in Southeast Asia and Australia offers a US$100 billion opportunity out to 2040 with a million tonnes of steel to be removed and thousands of wells to be sealed, a business breakfast in Aberdeen was told this morning.Blair Miller…
As a new decade starts, offshore wind development continues to progress. Actually, it’s probably more accurate to write that the development of the development of offshore wind (OFW) continues to, uh, well, develop.Apologies for that mild sarcasm…
UK (and Norwegian) taxpayers are largely footing Equinor’s wind-energy success by helping the offshore oil, gas and renewables player operate a healthy profit and hand out dividends, Norwegian news reports have been trumpeting of late.It was Stavanger Aftenblad…
Equinor joined other major European oil and gas companies on Thursday by including emissions from the fuel it sells to customers in its carbon reduction targets as investors step up the pressure on fossil fuel producers. By including so-called…
Europe installed a record 3.6 gigawatts (GW) of offshore wind capacity in 2019 but a much sharper rise is needed for the bloc to meet its climate targets, industry group WindEurope said on Thursday. Europe announced plans last year for a green deal to set a target of net-zero emissions by 2050…
Vestas, in the midst of its busiest period on record, said on Wednesday sales would continue to rise this year driven by healthy demand for its wind turbines. Demand for renewable power has been growing in tandem with global efforts to combat climate change…
Offshore wind farm developer Orsted has set out a plan to work with its service suppliers to decarbonize the supply chain by 2040. The move follows the Danish company's last week's commitment to becoming carbon neutral by 2025, and becoming…
Singapore based offshore service provider Kim Heng Offshore & Marine has won a contract for the installation of horizontal directional drilling (“HDD”) conduits for an offshore wind project in Taiwan.Kim Heng said Tuesday that the contract was…
Marubeni Corp and its partners have signed a project finance agreement with banks to build and operate offshore wind farms in northern Japan, the Japanese trading house said on Monday. Marubeni said the 100 billion yen ($921 million) plan to…
Poland's biggest oil refiner PKN Orlen plans to select a partner in the first quarter for its first wind farm project in the Baltic Sea, Deputy Head Patrycja Klarecka said on Thursday. For coal-reliant Poland, offshore wind, together with other renewables…
Orsted, the world's largest offshore wind farm developer, exceeded its own full-year core profit expectations on Thursday on the back of strong generation from its wind farms but said it expected this year's result to be slightly lower.Its 2019 earnings before interest…
Dutch offshore installation company and Estonian wind farm developer Saare Wind Energy have teamed up to develop the Saaremaa offshore wind farm in Estonia's part of the Baltic sea.Saare Wind Energy started the development of the project in…