Offshore Wind News

 

Japanese Oil Firm Cuts Profit Guidance. Wants to Become 'Leader' in Offshore Wind

Nov 13, 2020

Japanese oil firm Cosmo Energy Holdings on Thursday cut its net profit estimate for the year to March 31 by 41%, blaming a hefty appraisal loss on its crude inventories and slumping prices of petrochemicals.It now forecasts an annual net profit of 8…

"Hundreds of Jobs" - Equinor Picks Port of Albany for Offshore Wind Tower Making Facility

Nov 13, 2020

Norwegian energy company Equinor has proposed the Port of Albany, in upstate New York, as the first offshore wind tower manufacturing facility in the  U.S.'Developed jointly with leading wind industry manufacturers Marmen and Welcon, Equinor…

Japan to Introduce Tax Breaks, Fund to Support Zero-carbon Goal

Nov 13, 2020

Japan plans to introduce tax incentives and create a research fund to support so-called green investment, as the government pushes to meet a target of carbon-neutrality announced earlier this month, the Nikkei newspaper reported.The government…

Vineyard Wind Facing More Permit Delays

Nov 12, 2020

A federal agency said on Thursday it has again delayed a long-awaited environmental study crucial to permitting the first major U.S. offshore wind project, but final approval of the project is expected by mid-January.The study of the 800-megawatt…

ABB’s Software for Project Aimed at Reducing Offshore Wind Farm Inspection Costs

Nov 12, 2020

ABB Marine & Ports has been selected as a technology partner for an EU project exploring the use of remote inspection and maintenance techniques for offshore wind farms. With funding from the biggest EU research and innovation program Horizon 2020…

SBM Offshore Raises Profit Guidance, Starts Work on Floating Wind Project

Nov 12, 2020

Oil and gas services firm SBM Offshore raised its full-year core profit guidance on Thursday on the back of a 23% increase in nine-month revenue and said it had started work on a pilot floating offshore wind project in France.The Dutch company…

Most Powerful Floating Wind Turbine Installed

Nov 12, 2020

Offshore wind turbine manufacturer MHI Vestas has installed the first V164 9.5 MW turbine at the installation harbor for the Kincardine floating offshore wind farm. This is, according to MHI Vestas, the most powerful turbine in use at a floating wind project…

VIDEO: Dship Carriers Delivers Offshore Wind Pile Installation Frame to Taiwan

Nov 11, 2020

Ocean transportation services company Dship Carriers has said it has transported a 750-metric-ton Pile Installation Frame (PIF), measuring 33.5 x 33.5 x 29 meters, as well as other offshore and seabed equipment from Rotterdam, the Netherlands to An Ping…

Eni, HitecVision Form Offshore Wind Firm in Norway

Nov 11, 2020

Italian oil giant Eni and the Norwegian energy investment firm HitecVision have announced today the establishment of a new joint venture company, Vårgrønn, with the aim of developing new green energy projects in Norway and the Nordic market…

Penguin Building Wind Farm Vessel for Farra Marine

Nov 10, 2020

Penguin Shipyard in Singapore is building a 27-meter catamaran wind farm service vessel for Farra Marine, the Irish operator's first. Construction commenced in September, and the vessel, named Farra Orla, is expected to be delivered in the second quarter of 2021…

Video: Recent Developments Driving Offshore Wind Markets

Nov 10, 2020

World Energy Reports' Phillip Lewis discusses recent developments driving global offshore wind markets, including booming activity in the U.S., plans for new, larger installation vessels and advances in floating turbine technology.

DNV GL Releases Class Rules for Floating Offshore Wind

Nov 10, 2020

The floating offshore wind industry, currently at its beginnings, is set for massive growth in the years to come, which has now led the classification society DNV GL to released the first integrated rule set for floating offshore wind structures…

EDPR and Engie Launch U.S. Offshore Wind JV

Nov 10, 2020

Renewable energy companies EDP Renewables and Engie, which in July combined their existing and planned offshore wind efforts to form a new company, Ocean Winds (OW), have now launched the U.S. arm of this new company: OW North America.OW CEO…

Gallery: Ulstein Launches Nexans Aurora Cable Layer

Nov 09, 2020

Norwegian shipbuilder Ulstein on Sunday launched Nexans’ new cable-laying vessel, the ‘Nexans Aurora’.The hull of the vessel, built at CRIST, Poland, arrived at Ulstein Verft in June 2020. It has since been fitted with electrical installations…

Woodmac: Five Effects of a Biden Administration on US Energy

Nov 09, 2020

Joe Biden offered American voters a radically different vision of energy policy from President Donald Trump, focused on addressing the threat of climate change.He will enter the White House with a goal of setting the US on course for net zero…

Current News

Norway: Around 260 Schlumberger Workers Set to Strike over Pay

Norway: Around 260 Schlumberger Workers Set to Strike over Pay

DNV GL Suspends Nord Stream 2 Pipeline Work for Fear of U.S. Sanctions

DNV GL Suspends Nord Stream 2 Pipeline Work for Fear of U.S. Sanctions

Australia: Melbana Energy Expands Offshore Acreage Near Beehive Prospect

Australia: Melbana Energy Expands Offshore Acreage Near Beehive Prospect

BP, Ithaca Energy Bring Online Vorlich Offshore Field

BP, Ithaca Energy Bring Online Vorlich Offshore Field

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