Otto Candies Llc News


BOEM Completes SouthCoast Wind Environmental Review

Nov 10, 2024

The US Bureau of Ocean Energy Management (BOEM) has made the final Environmental Impact Statement (EIS) for the proposed SouthCoast Wind Project available.If approved, the project could generate up to 2.4GW of offshore wind energy, enough to power more than 800…

US Government Invests $17 Million in Offshore Renewable Technology

Oct 21, 2024

The U.S. departments of Energy (DOE) and the Interior (DOI) announced the selection of 14 projects totaling nearly $17 million to further support durable and environmentally responsible U.S. offshore wind energy and marine energy deployments…

WINDEA CTV Fleet Takes Shape

Jul 05, 2024

With its two latest vessel deliveries, WINDEA CTV has completed its inaugural fleet of Jones Act qualified crew transfer vessels (CTV) to service the growing U.S. offshore wind industry.The four brand-new Incat Crowther-designed hybrid-ready…

St. Johns Ship Building Delivers Third CTV in 6 Months

Jun 24, 2024

Palatka, Fla. shipbuilder St. Johns Ship Building delivered Windea Enterprise, the second of three Jones Act-compliant Incat Crowther 30-meter crew transport vessels (CTV) ordered by WINDEA CTV, LLC, a partnership of Hornblower Wind and MidOcean Wind…

OMSA Announces New Board Members

Mar 18, 2024

Industry trade group the Offshore Marine Service Association (OMSA) announced the addition of four CEOs to its board of directors.The new board members include Wes Bordelon, Chief Executive Officer, Bordelon Marine; Stacy Jo Stanley, Chief Executive Officer…

Edison Chouest Withdraws Title XI Application

Feb 19, 2024

An affiliate of Edison Chouest Offshore has withdrawn its application for financing under the U.S. Maritime Administration's (MARAD) Title XI program.Title XI is a government loan program with the Federal Financing Bank as the lender. It is…

Liberty Green Logistics Acquires Renewable Strategy

Jan 08, 2024

Liberty Green Logistics LLC, an offshore wind supply chain company, acquired Renewable Strategy Ltd. (RSL), a digital platform offering marine coordination software, asset monitoring, emissions tracking, personnel records tracking, Global Wind Organization (GWO) training…

Seatrium Responds to Empire Wind 2 Project Cancellation

Jan 03, 2024

Seatrium has issued an announcement confirming its contract for a 1,260MW offshore substation (OSS) platform for Empire Wind 2, valued at more than S$250 million, has been cancelled.Seatrium was awarded two contracts from Empire Offshore Wind LLC for the engineering…

What Do MARAD Title XI Changes Mean for Offshore Wind?

Dec 20, 2023

The U.S. Maritime Administration (MARAD) has recently announced an amendment to the Federal Ship Financing Program, commonly referred to as Title XI. The amendments have aligned the program’s financial requirements and tests with common current federal credit and maritime lending best practices…

DOF Charters Jones Act-compliant Vessel for Work in the Gulf of Mexico

Dec 13, 2023

DOF Group announced it has struck a deal to charter a Jones Act-compliant offshore support vessel (OSV) for work in the U.S. Gulf of Mexico.The Norwegian-based company said it is time chartering Bordelon Marine's ultra light intervention vessel…

U.S. Coast Guard Responds to Gulf of Mexico Oil Spill

Nov 20, 2023

The U.S. Coast Guard was leading an oil spill clean-up in the Gulf of Mexico on Friday, partnering with local and federal agencies and companies after a Main Pass Oil Gathering Co (MPOG) underwater pipeline began leaking.The crude oil pipeline…

Prysmian Installs Vineyard Wind 1 Cables

Oct 23, 2023

Italian power and telecom cable-making and installation services firm Prysmian Group said Monday it had completed the installation and HV testing activities at Vineyard Wind 1, the first commercial-scale offshore wind farm in the US. Located more than 15 miles off the coast of Massachusetts…

Equinor Acquires Stake in US Bayou Bend CCS Project

Aug 28, 2023

Norwegian oil and gas company Equinor said on Monday it has acquired a 25% stake in Bayou Bend CCS LLC, a U.S. project to capture and store carbon dioxide (CO2) emissions along the Gulf Coast in southeast Texas.The acquisition adds to Equinor's…

Hornbeck Offshore Eyes U.S. Offshore Wind Work with OSV-to-SOV Conversion Project

Jul 12, 2023

U.S. offshore vessel owner Hornbeck Offshore Services, best known for its offshore oil and gas support vessel services, is looking at business opportunities in the growing U.S. offshore wind sector as well as in offshore accommodation services in the oil and gas area…

PetroNor to Receive Up to $85 Million in Guinea-Bissau Offshore Block Farm-Out Deal

Jun 28, 2023

Oil and gas company PetroNor E&P ASA has agreed to farm out 100 per cent of its participating interest in the two exploration licenses offshore Guinea-Bissau to an SPV owned by Apus Energy DMCC, a subsidiary of Petromal.According to the agreement…

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