OEG Renewables (OEGR), an OEG Energy Group business, has through its Specialist Marine Consultants (SMC) subsidiary added a new division dedicated to blade maintenance and repair services in the wind turbine market, which will operate under the name SMC Blades Limited…
Norwegian offshore seismic survey firm PGS has secured an offshore wind site characterization contract in Europe.The project will be acquired with PGS' ultra-high-resolution 3D (UHR3D) streamer. According to the company, UHR3D streamer provides…
BIMCO has established a subcommittee to work on a global standard contract for the transport and installation of offshore wind turbines. The project has been launched to support the offshore wind industry as the global demand for more renewable sources of energy increases…
The U.S. Department of Transportation's Maritime Administration (MARAD) in December issued a final rule updating its financial requirements for the Federal Ship Financing Program, commonly referred to as Title XI. While the move applies to the U…
Three Welsh companies have been selected for Offshore Renewable Energy (ORE) Catapult’s first Fit 4 Offshore Renewables (F4OR) program, aimed at boosting their skills and expertise in delivering support for the floating wind sector in Wales…
The U.S. Department of Energy’s (DOE) Wind Energy Technologies Office (WETO) and Innovation Fund Denmark have announced an intention to release a $4.2 million funding opportunity to advance floating offshore wind energy systems.The announcement…
The U.S. Department of Energy (DOE) has set out plans to invest $4.75 million to establish a new national center of excellence to accelerate offshore wind deployment across the United States.The Academic Center for Reliability and Resilience of Offshore Wind (ARROW)…
US Forged Rings (USFR) has unveiled plans to invest $700 million to construct a state-of-the-art tower fabrication facility and a steel forging plant that would serve the U.S. offshore wind industry.The U.S.-based company will use these two…
DNV has published a substantial revision to the ‘go-to standard’, DNV-ST-N001, for the design and planning of marine operations for the transport, installation and removal of offshore wind farms, subsea cables and oil and gas assets.The new…
Seaway 7 and Dong Fang Offshore have signed a memorandum of understanding (MoU) outlining their intention to collaborate in offshore wind market in Taiwan, with a focus on cable installation.The collaboration will focus on developing a robust…
S&P downgraded Danish wind power giant Orsted to BBB on Wednesday, citing higher leverage on its balance sheet and major U.S. impairments in 2023 due to supply chain delays and higher costs.S&P said Orsted's business risk profile has weakened from last year…
Orsted, the world's biggest offshore wind farm developer, trimmed its investment and capacity targets on Wednesday and paused dividend payouts as part of a major review.The Danish company has battled to restore investor confidence after halting the development of two U…
Naval architecture and marine engineering firm BMT unveiled its new design for a 48-meter service operation vessel (SOV).BMT said the mid-sized vessel sits in between crew transfer vessels (CTV) and typical SOVs, providing a more cost-effective…
Wind power production outpaced gas plants in Europe for the first time last year as fossil fuel electricity generation plummeted, cutting the region's carbon emissions, data from think-tank Ember showed.Europe is ramping up its renewable electricity…
Dutch company Fugro has secured the geophysical survey contract for the development of the Doordewind offshore wind farm zone in the Netherlands.The Doordewind project, led by the Netherlands Enterprise Agency (RVO), is part of the Dutch Government’s Offshore Wind Energy Roadmap 2030…
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