Offshore construction company Lamprell has won a firm order to deliver substructures for Seagreen - the giant offshore wind farm being developed offshore Scotland.Lamprell, based in UAE, had earlier this month received a letter of award from…
China's Jutal Offshore Oil Services Limited has said it has won orders to build components for an offshore wind farm and an FPSO, for unnamed clients.Jutal said in a statement that the contracts were awarded to Zhuhai Jutal Offshore Oil Services Limited…
Norwegian offshore oil and gas drilling contractor Odfjell Drilling is stepping out of the comfort zone and into the offshore renewables space.The company, which provides drilling rigs for oil and gas companies, on Thursday announced its investment in Oceanwind AS…
Offshore installation firm Subsea 7 has clinched a major contract with SSE Renewables for the engineering, procurement, construction and installation (EPCI) of the foundations and inter-array cables for the Seagreen Offshore Wind Farm project…
French oil and gas major Total will buy a 51% stake in SSE Renewables' giant Seagreen 1 offshore wind farm project for an upfront payment at closing of 70 million pounds and earn-outs up to 60 million pounds in aggregate subject to performance conditions…
French industrial cable supplier Nexans has been awarded a contract by SSE Renewables to deliver cables for the recently sanctioned 1,075 megawatt (MW) Seagreen offshore wind farm project.The contract calls for Nexans to design, manufacture…
The Norwegian Export Credit Guarantee Agency GIEK has quadrupled its offshore wind portfolio to NOK 4.2bn (USD 453m) since the tail end of last year, and is ready to provide a further boost for local suppliers to secure more offshore wind business internationally…
The UAE-based offshore construction company Lamprell will build 30 substructures for Seagreen offshore wind farm in Scotland. The Letter of Award was awarded by Seaway 7, the Renewables business unit of Subsea 7, the lead engineering, procurement…
Offshore installation services company Subsea 7 reported a Q2 net loss of $922 million, compared to a profit of $24 million in Q2 2019, due to impairment charges of $807 million.The second-quarter revenues of $754 million was 21% lower than in the second quarter of 2018…
Petrofac has won a firm contract to design, build and install the High Voltage Alternating Current (HVAC) onshore and offshore substations for the $3,8 billion Seagreen offshore wind farm project in Scotland.The news comes hours after it was…
Offshore wind turbine maker MHI Vestas Offshore Wind has signed a conditional agreement for the delivery of turbines comprising 1,140 MW for an offshore project in the UK, Vestas Wind Systems said Monday.MHI Vestas Offshore Wind, a joint venture…
Italian engineering and construction company Saipem has firmed up its growing presence in the offshore wind supply chain by securing three contracts worth 90 million euros in total at major wind farms being developed in the UK and France.In England…
British renewable power generator and network operator SSE Plc said on Thursday it will stick with plans to invest 7.5 billion pounds ($9.4 billion) in low-carbon projects over the next five years, and also maintain its dividend schedule.'Whilst…
The offshore wind industry had by far its busiest half-year ever for final investment decisions in 1H 2020, surpassing the full-year figures from 2019, according to the latest report from research company BloombergNEF (BNEF).Offshore wind financings in 1H 2020 totaled $35 billion…
Offshore installation contractor Subsea 7 has confirmed the award of 'a substantial' contract by Vattenfall for the Hollandse Kust Zuid (HKZ) 1-4 offshore wind farm project in the Dutch North Sea.The two companies had in April signed a conditional…
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