U.K. port bosses are scratching their heads as to how to meet demand as offshore wind, including new floating projects, ramps up around the country’s coastline.The U.K. government is pushing this source of energy and has a 40-gigawatt (GW) by 2030 target—ramping up from around 30 GW today—for offshore wind. While fixed bottom projects continue to roll out, through some of the world’s largest offshore wind farms…
Peterson Energy Logistics announced it has been awarded a logistics contract from Harbour Energy to support its North Sea operations from Aberdeen.The five-year fixed-term contract includes an option to extend for a further five years, and the full scope of services includes quayside vessel loading…
Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain.There has been much focus on the emerging floating wind market of late.The U.K. is forging ahead with commercial scale…
If awards were given for dominating the sustainable energy spotlight, offshore wind (OSW) would surely be in line for top honors.Consider:Big money: BOEM’s February sale of New York Bight offshore wind development rights drew a record $4.37 billion in developers’ bids…
There’s often an upside to being among first-movers in an emerging industry, but many are often stifled by the risk inherent to new ventures. For Crowley, which today is leading the charge on a number of maritime fronts such as sustainability and decarbonization…
Energy industry logistics provider Peterson said Monday it had secured a new contract with Shell to provide supply base services from the Port of Lowestoft, in the UK.'The new contract follows the expiry of a 7-year-old contract and strengthens…
After being very much on the margins of the offshore wind industry, floating offshore wind now appears to be ready to hit the mainstream. With gigawatt scale developments already on the horizon, what will the infrastructure needed to build and support them look like…
Two U.S.-based maritime & offshore services and logistics companies Crowley and Watco, are teaming up in the space of the emerging offshore wind industry in the country.In a statement on Tuesday, the two firms said they'd create a single-source…
Energy logistics provider Peterson announced on Monday it has renewed a long-term contract worth over £20 million ($25.7 million) with independent exploration and production company Premier Oil.Peterson, having provided integrated logistics…
Collaboration within the offshore energy industry has never been more important and mutually beneficial. Vessel sharing in the North Sea and beyond ensures efficiencies for companies that cannot be achieved when operating in isolation. One example…
Helicopter pilots in the North Sea have voted to strike over pay. The pilots, employed by CHC Scotia, voted in favour of taking industrial action in a dispute over pay earlier this week (May 7). The ballot conducted among members of the British…
America's burgeoning offshore wind industry, which is projected to generate nearly 20 gigawatts (GW) of clean, cost-competitive power in seven East Coast states by 2030, presents a nearly $70 billion CAPEX revenue opportunity to businesses in the U…
Record U.S. output, exports offset some of OPEC's cuts.Oil prices were broadly steady on Friday as surging U.S. supply and concerns of a global economic slowdown were offset by falling OPEC output.International Brent crude futures were at $66…
API reports increase in U.S. crude stocks; Venezuela sanctions yet to spark rally but still supportive.Oil fell below $62 a barrel on Wednesday after a report showed a rise in U.S. crude inventories, countering expectations of a tightening market in 2019 because of OPEC-led supply cuts and U…
Energy logistics provider Peterson announced Monday it has been awarded a new long-term integrated logistics contract to service Repsol Sinopec Resources U.K.The contract sees Repsol Sinopec transitioning their marine and quayside operations to Aberdeen from Peterhead with integrated supply base…
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