Otm Consulting News

 

Offshore Wind Developers Likely to Cancel Some Contracts After NY Decision

Oct 19, 2023

Developers in the U.S. offshore wind industry will likely cancel some power sales contracts in New York after the state last week denied passing on more of the costs to consumers, but major projects off Massachusetts and Rhode Island are set to start up later this year…

TechnipFMC Wins NOIA ESG Excellence Award

Oct 18, 2023

The National Ocean Industries Association (NOIA) has named TechnipFMC as the winner of the second annual NOIA Environmental, Social, & Governance (ESG) Excellence Award. The award highlights and recognizes those who, by their actions, design…

EPCI Contract Awarded for Polish Offshore Wind Farm Substations

Oct 12, 2023

The Baltic Power offshore wind farm project, a joint venture of ORLEN Group and Northland Power Inc., has awarded the EPCI contract for the two offshore substations for the Baltic Power Project to a consortium consisting of Bladt Industries…

Woodside Needs New Seismic Approval for Scarborough Gas Project

Sep 28, 2023

Australia's federal court on Thursday halted approval for Woodside to conduct seismic blasting under the seabed for its $12 billion Scarborough gas project after a legal challenge by an Indigenous woman.The court's ruling marked another win for groups opposing fossil fuel developments…

Colombia Mulls Making Ecopetrol Mandatory Partner in Offshore Wind Farms

Sep 12, 2023

Colombia's government is considering revising rules to make majority state-run energy company Ecopetrol an obligatory partner in every offshore wind project, three people familiar with the matter told Reuters.The Ministry of Mines and Energy will…

Mocean Energy to Develop 250kW Wave Machine in Orkney with EU Investment

Sep 05, 2023

Wave energy technology developer Mocean Energy has secured over £3 million EU funding to develop and deploy a 250kW wave machine in Orkney.The wave energy device – named Blue Horizon 250 – will be manufactured in Scotland and deployed in a grid…

Wood, Harbour Energy In $330 Million North Sea Services Agreement

Sep 04, 2023

Wood Group, a consulting and engineering company, and Harbour Energy, the UK's largest oil and gas producer, have entered into a new strategic partnership for UK North Sea operations.The companies have agreed a new master services agreement…

US Offshore Wind: Long-term Outlook Bright Despite Short-term Concerns

Aug 21, 2023

While trouble areas continue to emerge in the young U.S. offshore wind industry, analysts at Intelatus Global Partners maintain an optimistic outlook for the industry in the long term.The business intelligence and consulting firm said in its latest U…

Outcome of Chevron, Woodside, Australian Unions Talks May Take Days

Aug 15, 2023

Negotiations between Chevron, Woodside Energy Group, and Australian unions on Tuesday are unlikely to yield results for days because unions will need to consult members on any decision, according to a source with knowledge of the matter that was not authorized to speak to media…

Guyana Oil Legislation Will Grant Broad Powers to Energy Minister

Aug 11, 2023

Guyana’s parliament on Thursday passed long-awaited oil legislation that grants the natural resources minister extensive power over its multi-billion-dollar oil industry. The new rules will be applied to future projects in the South American country…

Wood, Shell in Multi-year Services Deal

Aug 02, 2023

Wood, an energy industry consulting and engineering company, said Wednesday it had signed a multi-year enterprise framework agreement (EFA) to continue to provide services to Shell’s global projects.Bringing specialist consulting, engineering…

US Approves Construction for Orsted's Ocean Wind Project off New Jersey

Jul 05, 2023

The Biden administration on Wednesday approved construction of an offshore windfarm that will generate 1,100 megawatts of power from up to 98 turbines off the coast of Atlantic City, New Jersey, becoming the third such project in the United States…

Brent Drops as Economic Headwinds Outweigh Supply Cuts

Jul 05, 2023

Oil benchmark Brent fell on Wednesday, reversing some of the gains made after Saudi Arabia and Russia announced they would extend and deepen output cuts into August, as concerns over a global economic slowdown weighed on market sentiment. Brent was down 46 cents…

NGI's Expertise to Play Key Role in Foundation Design for EnBW, BP UK Offshore Wind Projects

Jun 29, 2023

The Norwegian Geotechnical Institute (NGI) said Wednesday it had won 'a significant' contract from the EnBW and BP joint venture for delivery of geo-consulting and laboratory testing services related to the development on the JV's Morgan, Mona…

Semco Maritime, PTSC M&C to Build Substations for Poland's 1.5GW Offshore Wind Farm

Jun 13, 2023

The PGE Group and Ørsted have awarded an engineering, procurement and construction (EPC) contract for four 375 MW offshore substations for the Baltica 2 project in Poland to a consortium consisting of Semco Maritime and PTSC Mechanical & Construction…

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