Chinese offshore oil and gas major CNOC posted record first-half profit on Thursday, boosted by output growth and higher oil prices.Net profit attributable to shareholders rose 25% to 79.73 billion yuan ($11.19 billion), CNOOC said in a filing with the Hong Kong Stock Exchange…
A ceremonial groundbreaking ceremony was held to signal the start of construction at the Salem Offshore Wind Terminal in Massachusetts.The Crowley Wind Services-led project involves transforming a former oil- and coal-fired power plant into Massachusetts’ second wind port…
OceanX, which is reported by its developer MingYang Group to be the world's largest single capacity floating wind power platform, embarked on its journey from Guangzhou to the Yangjiang Mingyang Qingzhou IV offshore wind farm in Guangdong, China…
UK-based tech-powered offshore wind solutions provider Rovco has been selected by Iberdrola to clear unexploded ordnance (UXO) in support of the development of the 315 MW offshore wind farm in the German Baltic Sea.Rovco carried out an investigation over several weeks…
Six tidal stream projects, with 28 MW in total capacity, have secured contracts in the UK’s Contracts for Difference (CfD) sixth allocation round.The strike price for six projects across five sites has been set at £172/MWh. It represents a 34%…
Canada-based Northland Power has confirmed a carbon dioxide leak on the Hai Long Changhua onshore substation, part of its offshore wind project in Taiwan.The leak, which stemmed from the substation's fire suppression system, occurred at approximately 10 a…
New Zealand said on Monday it would pass laws by the end of this year to reverse a ban on offshore oil and gas exploration, and take urgent steps to remove regulatory hurdles to import LNG amid energy shortages.The law would end the ban, in place since 2018…
Norwegian shipbuilder Vard has signed a contract with Wind Energy Construction for the design and construction of a new energy construction vessel (ECV), securing also an option for one additional vessel.Wind Energy Construction is a Norwegian…
Seas Geosciences announced a multi-year agreement with Britoil Offshore Services (Britoil) to charter and convert the platform supply vessel (PSV) BOS Princess into a geotechnical drilling vessel that will be available to the market starting in January 2025…
Whereas the foundations of commercial offshore wind development are found in Europe (and Europe will remain the largest overall regional market for offshore wind activity in the coming decade), the rapid development of the large East Asia and…
The cost to construct the United States' first domestically built wind turbine installation vessel (WTIV), Charybdis, has risen to $715 million, Dominion Energy revealed in its latest quarterly results, marking another snag for the fledgling U…
The intermittency of offshore wind power is both a challenge and an opportunity for green hydrogen production. There will be a new generation of platforms taking up space in offshore wind farms as hydrogen production is used to help balance power supply and demand…
Cadeler took delivery of the fifth and newest addition to its fleet – Wind Peak, the first of seven newbuilds for which Cadeler currently has signed contracts. The P-class jack-up installation vessel was built at COSCO Shipping Heavy Industry (COSCO) shipyard in Qidong…
Offshore wind developer Corio Generation, a Macquarie Group company, and Brazilian shipyard and marine construction company Estaleiros do Brasil (EBR) have signed a memorandum of understanding (MoU) to explore how EBR’s facilities could support future offshore wind projects off Brazil’s south coast…
The Bureau of Ocean Energy Management (BOEM) has concluded that leases for potential offshore wind energy development off the Oregon coast would have no significant impacts to people or environment.BOEM has made available its final Environmental…
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