Energy Industry News

 

Ørsted-Eversource JV Taps Nexans for Revolution Offshore Wind Farm Export Cable

Mar 10, 2022

Paris-based offshore cable making and installation company Nexans has won a contract with Ørsted and Eversource to install and protect the export cable link for the Revolution offshore wind farm in the U.S.The project will connect the wind farm to the onshore grid and help Connecticut and Rhode Island states achieve ongoing commitments to develop offshore wind.Located more than 15 miles south of the Rhode Island coast and 32 miles southeast of the Connecticut coast…

Oil Rises on Lebanon Fears, possible OPEC cuts

Dec 03, 2024

Oil prices rose more than 2% on Tuesday as Israel threatened to attack the Lebanese state if its truce with Hezbollah collapses, and as investors positioned for OPEC+ to announce an extension of supply cuts this week.Brent crude futures posted their biggest gains in two weeks…

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