GE Vernova's profit topped third-quarter expectations on Wednesday, driven by strong equipment orders and surging U.S. power demand from data centers supporting artificial intelligence workloads.Growing power demand from AI and other data-heavy…
U.S. shipbuilders and port operators are getting hit in the fallout from President Donald Trump’s campaign to wipe out the offshore wind industry, suffering hundreds of millions of dollars in lost government support, vanishing vessel orders…
Stillstrom by Maersk, a marine technology leader delivering offshore power and charging solutions, has strengthened its leadership team with key senior appointments in Copenhagen and Aberdeen.Nikolaj Stald has joined as Chief Commercial Officer (CCO) at the company’s HQ in Copenhagen…
The development of a 2,000-megawatt offshore wind energy project linking Vietnam, Malaysia, and Singapore is expected to complete its first phase by 2034, Malaysia's Energy Minister said on Wednesday.Fadillah Yusof said during a session of parliament…
Ocean Winds, the 50-50 joint venture between Portugal’s EDP Renováveis and France’s Engie, has agreed to sell a 20.25% stake in its 500 MW Îles d’Yeu et Noirmoutier offshore wind project in France to Allianz Global Investors for $232 million…
JERA Nex BP, a joint venture between Japan's top power generator JERA and BP, plans to halt development of the U.S. Beacon offshore wind power project and lay off its U.S. employees in the coming months, the venture said in a statement.The decision marks the latest setback for the U…
Singapore’s Seatrium has received a notice of arbitration from Maersk Offshore Wind’s affiliate, regarding the dispute over the termination of a $475 million contract for a nearly completed wind turbine installation vessel (WTIV) originally…
Indeximate, a provider of fiber sensing-based cable health monitoring to the offshore wind energy industry, announced that it has demonstrated its cable health monitoring to the offshore wind farm operator RWE. Following their success in RWE’s 2023 innovation competition…
The delivery of the next-generation construction support vessel (CSV), under construction at Turkish Sefine Shipyard for Norway’s Eidesvik Offshore and Agalas, has been delayed for later in 2026.The delivery of the CSV, which will feature a…
Swedish firm Njord Survey has entered into a frame agreement with Energinet, Denmark’s national transmission system operator (TSO), covering site and route survey services for offshore wind and subsea cable projects.The long-term collaboration…
Wind industry service company FairWind has reached an agreement to acquire Australian wind installation and maintenance provider Cosmic Group, expanding its presence and service offering in Asia-Pacic (APAC) region.The strategic acquisition…
Energy data and intelligence firm TGS has secured an ocean bottom node (OBN) acquisition contract in Gulf of America.The 4D monitor survey for an undisclosed client is scheduled to start in the fourth quarter of 2025.The duration of the acquisition will be approximately four and a half months…
Danish wind turbine maker Vestas has shelved plans to open its biggest factory in Poland, the company said in an emailed statement to Reuters on Saturday, citing weaker-than-expected demand in Europe.Vestas announced plans for a second offshore wind turbine plant in Poland last year…
U.S. based engineering and construction firm McDermott has completed its activities for TotalEnergies' Begonia field development, offshore Angola.Under the engineering, procurement, construction, installation, pre-commissioning and commissioning contract…
Spanish power utility Iberdrola is seeking to sell 49% of its offshore wind farm East Anglia Two in Britain, which has an estimated total value of 5 billion euros ($5.8 billion), newspaper Cinco Dias reported on Thursday, citing unidentified sources familiar with the plans…
Subscribe
