International marine and engineering consulting firm LOC Group announced it has signed an agreement with to Ørsted carry out Marine Warranty Surveyor services for its Hornsea Two offshore wind farm, located approximately 89 km off the UK’s Yorkshire coast…
Swiss technology company ABB ABB has won a big contract to connect the world’s largest offshore wind farm (OWF) to Britain’s electricity grid.ABB has been selected by energy companies SSE Renewables of the UK and Equinor of Norway to supply…
Ørsted, the largest energy company in Denmark, has secured nominal TWD 12 billion (USD 395m) through the issuance of green senior bonds, to finance its investments in offshore wind in Taiwan. This transaction marks the first ever green TWD bond to be issued by a foreign corporate in Taiwan…
Seaway 7, Subsea 7's renewables and heavy lifting business unit, has won a contract from Jan de Nul for the Formosa 2 Offshore Wind Farm project in Taiwan.The contract scope includes the transportation, pre-piling and installation of 47 jacket foundations for wind turbines…
Norway's Ulstein Group is aiming to become a leading player in the growing offshore wind industry designing and building vessels for some of the world’s toughest areas and demanding operations.'The knowledge of how to integrate technical, operational…
Norwegian energy company Equinor today, on behalf of the Gullfaks and Snorre partners, signed contracts totaling around NOK 3.3 billion ($358.6 million) for the Hywind Tampen wind farm development.The contracts have been awarded to Kværner AS…
Offshore services provider Subsea 7 cut its 2019 revenue outlook on Thursday but predicted a rebound next year as demand for oilfield services and from renewable energy providers is set to increase, boosting its shares almost 6%.Subsea 7 now expects a slight decline in revenue this year from 2018…
Jan De Nul Group has finished installing foundations, power cables and scour protection on the 120MW second phase of the Formosa 1 offshore wind farm off the coast of Taiwan.According to the company that provides services related to maritime…
Macquarie Infrastructure and Real Assets (MIRA) has agreed to lift its shareholding in the 576-MW Gwynt y Mor offshore wind farm in the UK by purchasing an additional 10% stake for an undisclosed sum.MIRA has managed a 10 per cent stake in Gwynt…
Fugro, the global geo-data specialist, has awarded a contract to Bosch Rexroth to fully maintain and further improve Fugro Synergy’s hydraulic equipment.Fugro has worked with Bosch Rexroth for over a decade to ensure it has the best hydraulic…
Following the award of the Engineering, Procurement, Construction and Installation (EPCI) of the foundations and subsea cables for the Formosa 2 Offshore Wind Farm (OWF) in May 2019, Jan De Nul Group is on track with all project preparations…
Services company Worley on Monday announced it has acquires 3sun Group, a UK-based installation, inspection and maintenance specialists in the offshore wind sector.The transaction will combine the companies’ complementary offshore capabilities to bring a complete engineering…
Engineering and project management consultancy Atkins, together with law firm K&L Gates LLP, has released an updated Offshore Wind Market Handbook to help guide investors through technical and regulatory issues in the US offshore wind market…
Independent oil firm DNO swung to a third-quarter loss amid writedowns on assets in the North Sea and northern Iraq, the Norwegian company said on Thursday.The company's third-quarter loss came in at $140.9 million from a year-ago profit of $98…
Offshore wind could become a cornerstone of the world's power supply as steep cost reductions and improved technology unleash the potential of the green energy source, said the International Energy Agency (IEA) on Friday.Renewables replacing…
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