Offshore News, Offshore Engineer Magazine


Wind of Change for Shetland Oil Hub, but Who Will Benefit?

Mar 01, 2024

When storms batter Scotland's Shetland Islands, as they frequently do, the force of the winds whipping through its streets and valleys leave you in no doubt that this is Britain's windiest place.Now islanders are looking to those fierce winds to take the place of the declining offshore oil and gas industry that transformed their economy from the 1970s.Local energy developer Angus Ward first studied the potential of wind power in the archipelago…

OpEd: It’s Time We Told the Truth on Energy. Oil and Gas Help the World Thrive

Feb 19, 2024

Prime Ministers come and go. Energy Ministers are appointed and promptly booted out of the job as if they were never there. Net Zero roadmaps are published, tweaked, and then eventually shelved by the Government and opposition alike. But amidst the permacrisis of Westminster…

Orsted's Strategic Shake-up Has Investors Worried

Feb 02, 2024

Orsted is expected to trim investment plans and cut dividends on Wednesday as it presents a new strategy but investors are worried that the Danish renewable energy firm may want to raise new capital to stick to its ambitious targets.Once a green investor darling…

US Plugs in First Large Offshore Wind Farm as Developers Play Catch-up

Jan 18, 2024

The U.S. offshore wind industry reached an important milestone on January 2 when Vineyard Wind 1, the country’s first large scale project, supplied first power to the Massachusetts grid.“As the nation’s first utility-scale offshore wind farm this is a fairly momentous event…

What Do MARAD Title XI Changes Mean for Offshore Wind?

Dec 20, 2023

The U.S. Maritime Administration (MARAD) has recently announced an amendment to the Federal Ship Financing Program, commonly referred to as Title XI. The amendments have aligned the program’s financial requirements and tests with common current federal credit and maritime lending best practices…

COP28 Plan to Triple Renewables is Doable, But Not Easy

Dec 12, 2023

More than 100 countries at the COP28 climate summit in Dubai have agreed to triple renewable energy capacity by 2030 - one of the least controversial commitments floated at the conference.But they have given little detail on how they can make an industry running flat out go that much faster…

Opinion: The World Must Join Forces and Act Fast to Scale Renewables

Dec 11, 2023

Renewable energy is already high on the agenda at the COP28 climate summit, with 118 countries, including the UAE, Brazil, Japan and the EU, pledging last weekend to triple the world’s renewable energy capacity by 2030.But it’s not simply about signing up to the ambition…

Investors Bet Against OPEC+ Raising Oil Prices

Nov 28, 2023

Investors are increasingly pessimistic about the outlook for crude oil prices as doubts grow OPEC+ will cut production enough to offset rising non-OPEC output and a deteriorating economic outlook.But many professional money managers are more optimistic about refined fuel prices…

Q+A-What is Known about the Nord Stream Gas Pipeline Explosions?

Sep 27, 2023

One year on from explosions that damaged the Nord Stream gas pipelines under the Baltic sea between Russia and Germany, the question of who was behind them is unresolved.On Sept. 26, 2022, Swedish seismologists registered several blasts, some…

What Lies Ahead for Idle North Sea Jack-up Rigs?

Sep 14, 2023

The North Sea jack-up rig market has been out of the limelight lately, overshadowed by increased contracting activity in the semi-submersible rig market, resulting in the departure of some of these units from the region. As the North Sea outlook remains soft…

Why the Offshore Wind Power Industry has Hit Turbulence?

Sep 11, 2023

Britain's latest subsidy auction for new renewable energy projects failed to attract bidders from the offshore wind industry, raising fears among developers and environmental groups that the country may struggle to meet its climate goals.Over the last two decades…

US Offshore Wind Sector Faces Key Test After Weak Gulf Auction

Aug 30, 2023

The low interest in the first-ever auction of offshore wind farm development rights in the Gulf of Mexico marks a potentially serious setback for U.S. President Joe Biden’s green energy agenda, and the U.S. offshore wind sector in general.U…

What is Carbon Capture and Storage and Will It Cut Emissions?

Aug 01, 2023

The UK government on Monday reaffirmed its support for projects to capture and store carbon dioxide emissions as part of its efforts to reach net zero goals and said two more projects would be able to begin negotiations to take them forward…

How Big Oil Won the Bidding for German Offshore Wind Sites

Jul 14, 2023

Energy majors BP and TotalEnergies have won a 7 gigawatt (GW) offshore wind site auction in Germany worth a record 12.6 billion euros ($14.1 billion), allowing them entry to the central European market without a partnership.Previous auctions have been won by consortia…

Green Hydrogen Could Be a Game Changer... If Prices Come Down

Jun 22, 2023

As the global economy moves away from fossil fuels, green hydrogen could be critical to achieving a zero-carbon world by 2050.Green hydrogen offers a solution to decarbonizing “hard-to-abate” industries such as steel and fertiliser production…

Current News

New Grid-Scale Offshore Wind-Solar Project Planned for Italy

New Grid-Scale Offshore Wind-S

Wind of Change for Shetland Oil Hub, but Who Will Benefit?

Wind of Change for Shetland Oi

US Offshore Wind: Down but Not Out

US Offshore Wind: Down but Not

Quick Connect: OAL Subsea Pipeline Completed

Quick Connect: OAL Subsea Pipe

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