On many levels, 2020 was a pretty horrific year, “a year like no other”, according to Mike Beveridge, managing director of energy investment firm Simmons Energy, a division of Piper Sandler. It’s easy to see why. A dip into a negative WTI contract prices…
Norwegian company Offshore Heavy Transport, specializing in ocean transportation of heavy structures with its fleet of open deck semi-submersible heavy transportation vessels, is diversifying.The company is now building a fleet of vessels for…
Offshore equipment company OEG Offshore (OEG) has this week acquired Norfolk‐based Pegasus Welfare Solutions (PWS), a company that developed the world's first offshore wind turbine toilet, for an undisclosed sum.Aberdeen‐based OEG, which provides the offshore market with DNV certified containers…
Acta Marine has this week completed its three-year maintenance campaign for Ocean Breeze on the Bard Offshore 1 wind farm, the first commercial offshore wind farm in Germany.Acta Marine's Acta Auriga walk-to-work support vessel - which offers…
The United States’ offshore wind industry is tiny, with just seven wind turbines operating off Rhode Island and Virginia. The few attempts to build large-scale wind farms like Europe’s have run into long delays, but that may be about to change…
Offshore wind developer Ocean Winds said Monday it was eyeing the expansion of its global offshore wind portfolio to include Ireland.Ocean Winds' current offshore wind portfolio includes 1.5GW in construction and 4GW in development.The company…
As part of his Executive Order on Tackling the Climate Crisis at Home and Abroad (EO 14008)—issued on the first day he took office—President Biden made significant commitments to renewable energy. These commitments include collaborating with…
OHT was born to perform heavy lift in the offshore oil and gas business, and has evolved to position itself to lead in the booming offshore renewables sector, including a contract to work in the mammoth Dogger Bank offshore wind build-out. Torgeir Ramstad…
One person has died, a dozen are missing and six others have been rescued after a commercial lift boat used to service oil rigs capsized in hurricane force winds south of Louisiana’s Port Fourchon, the U.S. Coast Guard said on Wednesday.Rescuers in Coast Guard cutters…
Global Offshore, an offshore trenching and cable installation specialist, has completed a cable installation campaign at Vattenfall’s Kriegers Flak offshore wind farm in the Baltic Sea, off Denmark.The first phase of work, finished last year…
Norges Bank Investment Management (NBIM), an entity running Norway's $1.3 trillion sovereign wealth fund - popularly known as the oil fund - has agreed to acquire 50 percent in the Borssele 1 & 2 offshore wind farm in the Netherlands from the…
Six people were rescued near the coast of Louisiana after a commercial [lift boat] capsized about eight miles off Port Fourchon on the Gulf of Mexico, the U.S. Coast Guard said late Tuesday.About a dozen people are still missing after the 234…
BANGKOK (Thomson Reuters Foundation) - Singapore is betting on floating solar farms and vertical panels to increase its clean-energy supplies and cut carbon emissions, a model that could work in other densely populated cities, urban experts said…
The U.S. Coast Guard said on Monday it will call off its search at sunset for the remaining eight crew members missing from the lift boat Seacor Power, which capsized in the Gulf of Mexico last week.The Coast Guard said its vessel and air crews…
Global competition for offshore wind power is so hot that licence auctions now resemble the oil and gas competitions of just a few years ago, and some of the names are familiar too as global oil majors move aggressively into renewable energy…
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