Oslo-listed company Magnora has decided to separate its legacy business, the divested segment related to floating production storage and offloading (FPSO) units for oil and gas industry, from its renewables business, with significant activity in the offshore wind industry…
Mitsui O.S.K. Lines (MOL) and Hokutaku, Japan's largest wind turbine maintenance company, have made an agreement to form a capital alliance as MOL pursues growth in its non-shipping businesses like offshore wind.The capital alliance entails…
Hellenic Cables has signed a contract with Seaway 7 to supply inter-array cables for the Bałtyk II and Bałtyk III offshore wind farms in Poland.Hellenic Cables was appointed by Seaway7 as the key subcontractor for the design, manufacturing,…
Danish offshore wind turbine maker Vestas has announced plans to establish a new offshore wind blade factory in Poland.The factory, to be located at Szczecin, is planned to produce blades for Vestas’ flagship offshore wind turbine, the V236-15…
TotalEnergies and its partners in the Danish Underground Consortium (DUC) have confirmed that Tyra II redevelopment project is on schedule to restart operations in March 2024.DUC – a partnership between TotalEnergies (operator, 43.2%), BlueNord (36…
U.S. Gulf of Mexico-focused oil and gas company W&T Offshore has completed the accretive acquisition of six oil fields in shallow waters of the Gulf of Mexico for $72 million.W&T Offshore was the successful bidder for certain synergistic assets in the Gulf of Mexico offered by MLCJR…
As we enter a New Year, the memories of the shocks to the foundations to the U.S. offshore wind segment remain fresh. In short, supply chain inflation and capacity/availability, interest rate increases, and tax credit monetization have been…
Canadian pipeline company Enbridge is keen on further offshore wind investments in France, but will avoid the United States, where cost and supply chain problems have contributed to offshore projects collapsing, a senior executive said.Rising costs have led to canceled projects in the U…
Dutch companies Sif and Ballast Nedam have signed a memorandum of understanding (MoU) to develop a joint venture for the decommissioning of offshore wind farms under the name of BNS Decom.BNS Decom intends to revolutionize the decommissioning process for offshore wind farms…
Equinor has awarded a contract to operate two new search and rescue helicopters (SAR) for the Troll and Oseberg area in the North Sea to Lufttransport.The new helicopters will be part of the SAR emergency response system and carry out assignments…
Eversource Energy has informed about the expected impairment charge of up to $1.6 billion related to three offshore wind projects in the United States.The impairment the energy utility Eversource Energy expects is related to three projects it owns as part of two partnerships with Ørsted…
Empire Offshore Wind, a joint venture between Equinor and BP, has terminated the contract awarded to Great Lakes Dredge & Dock Corporation and Van Oord for rock installation at Empire Wind 2 offshore wind project.In 2022, the Great Lakes and…
Shoreline Wind, developer of intelligent SaaS solutions for powering wind energy, announced the appointment of Andrew Pearson as its new chief executive officer.Prior to joining Shoreline Wind, Pearson held CEO roles at range of growth SaaS companies…
The grid connection for Hollandse Kust (west) Alpha offshore substation is officially ready for commissioning after receiving grid readiness certificate three months ahead of schedule.This means that wind farm operator Ecowende can connect the wind turbines…
Every single turbine at Vattenfall’s 168 MW offshore wind farm Vesterhav Syd has now delivered power to the Danish electricity grid.The offshore wind farm is now completely connected to the Danish power grid, following the supply of power from the first turbines back in November 2023…
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