The U.S. on Tuesday imposed a form of sanctions on Myanma Oil and Gas Enterprise (MOGE), the U.S. Treasury Department said, but stopped short of imposing full blocking sanctions on the ruling junta's main source of foreign revenue.The action…
Offshore wind farm developer Ørsted has signed an agreement to divest 50% of the Gode Wind 3 Offshore Wind Farm in Germany to funds managed by Glennmont Partners from Nuveen.Glennmont is one of Europe’s largest fund managers, focused exclusively on investments in clean energy infrastructure…
Norwegian ports investing in offshore wind can generate NOK 8.4 billion (currently ~766 million) in annual value and employ approximately 6,400 people by 2030, a new report from Menon Economics has found.The report was commissioned by Norwegian Offshore Wind…
German energy giant RWE has hired the Dutch offshore survey services firm Fugro to complete a geophysical survey off the Danish west coast as part of the development of Thor, Denmark's largest offshore wind farm.Up to three survey vessels will…
Singapore-based Megamas Resources, in partnership with Renaissance Technologies (RTM) has contracted Ulstein Design & Solutions AS to design a cable-laying and repair vessel. According to a press release issued Thursday, the decision to press…
Energy company Repsol's REP.MC adjusted net profit fell 27% year-on-year in the third quarter because of lower oil and gas prices, it said on Thursday, adding it would further diversify into renewables to offset fossil fuel volatility.The company reported an adjusted net profit of 1…
Dutch offshore equipment and technology firm Huisman has launched a system that it says empowers crane operators with the ability to anticipate and react to approaching wind speeds, gusts, and direction during the installation process of turbine blades…
Dutch firm Huisman, which makes heavy construction equipment for the global offshore energy industry, has signed a partnership agreement with ESD to expand its cable-lay product portfolio and increase its position in the offshore wind market…
The PivotBuoy Project, developed by X1 Wind, finalized its offshore demonstration with partners reporting excellent results.The PivotBuoy Consortium partners are X1 Wind, ESM, WavEC, PLOCAN, INTECSEA, EDP, DTU, DNV GL, and DEGIMA. The project…
Offshore helicopter services company NHV Group has announced a collaboration in Taiwan with Apex Aviation, a local Taiwanese company, with the aim of providing helicopter transportation services to Taiwan's growing offshore wind industry.'Given…
Energy ecosystems are evolving as the value of offshore power-to-X production is being realized.Flexible and delivered in long lengths on reels in a fast-track operation, thermoplastic composite pipeline can transfer up to nine times the amount of energy as a cable and can be used to store hydrogen…
The U.S. Bureau of Ocean Energy Management (BOEM) on Thursday identified a Draft Wind Energy Area (WEA) in the Gulf of Maine, opening a 30-day public review and comment period. The Draft WEA covers approximately 3,519,067 acres offshore Maine…
Eneti, an offshore wind installation company, said Wednesday that its subsidiary Seajacks UK had signed a contract with an unnamed client to assist with wind turbine installation.Per Eneti, the mobilization will start in 2024, and the contract…
Denmark-based global offshore wind developer Ørsted is set to divest a 50% stake in its offshore wind farm project in Taiwan and has signed an exclusivity agreement with a Taiwanese insurance company and its affiliate, following a competitive divestment process…
German energy firm RWE has launched its first global “Floating Wind Co-use Competition”, as it is looking for solutions to promote the co-existence of floating wind farms with other sea users and biodiversity enhancement. Sven Utermöhlen, CEO…
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