The British North Sea is one of the world's oldest offshore oil and gas basins where production has been in steady decline since the early 2000s. At the same time, the region has become one of the world's largest and fastest growing offshore wind basins…
Equinor’s Empire Wind 1 project in the United States has now secured a project financing package of over $3 billion, reaching a financial close at the end of December 2024.The expected total capital investments, including fees for the use of the South Brooklyn Marine Terminal (SBMT)…
A Biden administration auction of offshore wind development rights in the Gulf of Maine drew $21.9 million in high bids for half of the eight areas offered, the U.S. Bureau of Ocean Energy Management said on Tuesday.Offshore wind developers Avangrid AGR…
The third part of Offshore Engineer’s interview with global offshore energy expert Philip Lewis, Director of Research, Intelatus, on the emerging offshore floating wind market through 2035, puts the focus on the workforce and skills that will be required to support this growing industry…
Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down - and at times reversing - climate commitments in a shift that they are likely to stick with in 2025.The retrenchment by oil majors…
The Dutch-German transmission system operator (TSO) TenneT has selected Danish subsea cable and services firm NKT to provide onshore and offshore high-voltage cable systems for two projects in Germany as part of its 2 GW grid infrastructure program…
French Ministry of Industry and Energy has selected EDF Renouvelables and Maple Power to design, build and operate a 250 MW floating offshore wind farm in the Mediterranean.The project was selected following the sixth offshore wind tender by the French government…
Vestas has received a 315 MW turbine supply order for the Oga Katagami Akita offshore wind project in Akita Prefecture in Japan.The project is being developed by Oga Katagami Akita Offshore Green Energy, a consortium consisting of JERA, Electric Power Development (J-POWER)…
Ocean Winds, a joint-venture formed by EDP Renewables and Engie, has secured a 250 MW floating offshore wind project in the sixth tender of the French Ministry of Industry and Energy.The project, called Eoliennes Flottantes d'Occitanie (EFLO)…
JERA-led consortium, which also includes Green Power Investment and Tohoku Electric Power, have been granted operatorship of a planned 615 MW offshore wind project in Japan.The project is located in the Sea of Japan offshore Aomori Prefecture…
BP and its consortium partners have been selected to develop a 450 MW offshore wind farm in Japan.Aside from BP, the consortium partners include Tokyo Gas, Marubeni Corporation, Kansai Electric Power, and Marutaka Corporation.The 450 MW project will be developed offshore Yuza Town…
Belgium-based offshore installation contractor Jan De Nul, in partnership with Greek cable maker Hellenic Cables, has entered into a framework agreement to supply and install export cables for two 750 MW floating wind farms off the coast of Southern Brittany in France…
Vard has delivered a new cable laying vessel (CLV) to Denmark’s subsea specialist NCT Offshore less than two years after the contract was signed.The newly delivered vessel, based on the VARD 9 01 design, has been specially designed and equipped for subsea cable laying operations…
Equinor has completed the acquisition of additional 0.2% in Ørsted, increasing its share to 10% and cementing its position as the second largest shareholder in the company.The transaction makes Equinor the second largest shareholder in Ørsted after the Danish State…
In the second part of the Offshore Engineer’s interview with offshore energy expert Philip Lewis, Director of Research, Intelatus, we discuss vessels that will service the floating wind sector until 2035, and the investment decisions that will need to be made to support the industry…
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