Statoil launched a new venture capital fund, Statoil Energy Ventures, dedicated to investing in attractive and ambitious growth companies in renewable energy, supporting its strategy of growth in new energy solutions. Image from Statoil…
DONG Energy has signed and completed an agreement to divest 50% of the 258 MW UK offshore wind farm project, Burbo Bank Extension, to Danish pension provider PKA and KIRKBI, parent company of the LEGO Group. Each investor will obtain a 25% ownership interest in the project…
Denmark's DONG Energy will take over an offshore New Jersey wind lease previously held by RES Americas Developments that had been awarded to RES in an auction held by the US Bureau of Ocean Energy Management (BOEM) in November 2015. The New Jersey lease encompasses 160…
National Ocean Industries Association (NOIA) president, Randall Luthi, issued the following statement ahead of President Obama’s budget request: “The [US] is the global leader in oil and gas production and American consumers are enjoying the lowest gasoline prices in a decade…
Statoil awarded Nexans the contract to supply static and dynamic cabling and associated accessories for the world's first floating wind farm, following a successful demo facilitated by Nexans' cables which has been in operation since 2009…
Danish energy group DONG Energy has made a final investment decision (FID) to build the giant Hornsea Project One offshore wind farm. Once built, Hornsea will be the world's first offshore wind farm with more than 1000 MW capacity. Located 120km off the Yorkshire coast…
A new set of standards for the design and operation of tidal turbines has been published based on the outputs of a project in the Energy Technologies Institute’s (ETI) marine technology program. The new certification standards will apply…
Leading international classification society Bureau Veritas has issued its first Approval in Principle for an ocean thermal energy converter (OTEC). The approval applies to a 1MW plant developed by the Korea Research Institute of Ships and…
Sweden's MMT has been awarded a contract to work on the ocean thermal energy conversion (OTEC) NEMO project by French naval defense group DCNS. This project is jointly developed by DCNS and its partners with purpose to characterize the…
Petrofac and GE have been awarded a contract worth over £110 million to engineer, construct and install a turnkey power system to efficiently connect up to 336 MW of clean energy from the Galloper offshore wind farm, off Suffolk, UK, to the British grid…
Siemens has been awarded its first commercial offshore wind order from Finland. The company will supply, install and commission 10 wind turbines, each with a capacity of 4 MW and a rotor diameter of 130m, for the Tahkoluoto offshore wind farm in the Baltic Sea…
Aqualis Offshore has been contracted by Petrofac to perform technical support services for its work on the BorWin gamma topside that is destined for the North Sea. The scope of work includes preparation of technical specifications for…
Atlantis, a global leader in the tidal power sector, is pleased to announce the appointment of Cameron Smith, as director of project development. Smith has joined Atlantis’ new executive management group based at its corporate headquarters in Scotland and will report directly to the CEO…
Ezion Holdings Ltd. has secured an agreement to jointly market two service rigs being built by a Chinese state owned enterprise to support the offshore windfarm, oil and gas activities in the energy sector, announced Ezion Holdings board of directors…
Atlantis Resources and ScottishPower Renewables (SPR) are teaming up to develop a joint portfolio of projects for the growing tidal sector, announced Atlantis. Atlantis’s Scottish project development vehicle, Tidal Power Scotland Limited (TPSL)…
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