Offshore Wind News

 

US Offshore Wind Writedowns Seen Soaring with Orsted Earnings

Oct 31, 2023

European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840 million in impairments in recent days.Orsted, the world's largest offshore wind developer…

Crowley Names Guthman VP of Business Development for Wind Services

Oct 31, 2023

Crowley has named offshore wind veteran Christy Guthman as vice president of business development for its Wind Services business as the company grows in the clean, sustainable energy sector.Guthman most recently served as executive general manager…

BP Assessing New York Wind Projects after $540M Writedown, CEO Says

Oct 31, 2023

BP remains committed to its offshore wind growth plans after the energy company booked a $540 million impairment on two U.S. projects, CEO Murray Auchincloss told Reuters on Tuesday.BP and its partner Equinor are assessing their next steps after…

F&G and OIM Wind Introduce WTIV Designed for Next-gen Offshore Wind Turbines

Oct 30, 2023

Naval architecture and engineering firm Friede & Goldman (F&G) and OIM Wind Ltd on Monday announced the FO-146 Wind Turbine Installation Vessel (WTIV). 'The FO-146 is based on F&G’s WindSetter Class WTIVs.  It combines the industry’s latest…

Equinor to Take Part in First Norway Offshore Wind Auction

Oct 30, 2023

Norwegian energy firm Equinor will submit a proposal to pre-qualify for Norway's first offshore wind auction, the company's CEO Anders Opedal told Reuters last Friday.Equinor has formed a consortium with Germany's RWE for Soerlige Nordsjoe II…

Colombia to Take Offshore Wind Farm Bids in August 2024

Oct 30, 2023

Colombia will receive offers for offshore wind blocks in August 2024, according to a timeline published by the government on Friday, following a presentation it gave to private companies and European government representatives.The government of President Gustavo Petro…

Down But Not Out: Equinor Takes Hit on U.S. Offshore Wind, but Hope Remains

Oct 30, 2023

Norway's Equinor booked a $300 million impairment on its U.S. offshore wind power portfolio on Friday after New York officials rejected a request for better terms, but said the state's continued commitment to the technology still offered hope…

Artificial Reefs Deployed in Dutch North Sea to Boost Marine Life Around Offshore Wind Farms

Oct 27, 2023

Dutch transmission system operator TenneT, in collaboration with contractor Equans/Smulders,  has installed several artificial reefs near the offshore wind power transformer platform Hollandse Kust (west Alpha), which are meant to stimulate marine life…

Siemens Energy Shares Slide 39% after Company Seeks State Guarantees

Oct 27, 2023

Siemens Energy shares plunged nearly 40% on Thursday, wiping 3 billion euros ($3.16 billion) off its market value, after the group said it was in talks with the German government about state guarantees following big setbacks at its wind unit…

Lloyd's Register to Classify Methanol-Ready North Star CSOVs

Oct 27, 2023

Lloyd's Register (LR) will classify two methanol-ready Commissioning Service Operations Vessels (CSOVs) being built by VARD for the UK-based offshore vessel operator North Star.'The new tonnage will increase North Star’s offshore wind capabilities…

Europe's Offshore Wind Power Goal Hits New Snag: Security

Oct 26, 2023

As Europe turns to renewable sources to diversify energy supplies away from Russian oil and gas, a peaceful marine scene conceals a billion-dollar security headache.Rising above the Baltic Sea less than 10 km (6 miles) off the coast of Denmark…

Colombia Eyes Launch for First-ever Offshore Wind Tender

Oct 25, 2023

Colombia hopes to launch its first-ever tender to license offshore wind blocks in December, Minister of Mines and Energy Andres Camacho said on Tuesday, adding that the ministry was analyzing more than 50 comments on a draft of the rules.In July…

Japan, Denmark to Collaborate on Floating Offshore Wind Technology

Oct 25, 2023

Japan and Denmark have agreed to join hands in researching and developing floating offshore wind power technologies in a bid to combat climate change, Japan's trade and industry ministry said.The nascent floating offshore wind industry is poised…

New York Throws Support Behind Offshore Wind with Three Project Awards

Oct 24, 2023

New York officials on Tuesday said the state has awarded conditional contracts to three offshore wind projects as part of a massive renewable energy procurement that will provide 12% of the state's power needs in 2030.The announcement, which…

Seaway 7 Bags Substantial EPCI Contract in Polish Offshore Wind Sector

Oct 24, 2023

Subsea 7 said Tuesday that its subsidiary Seaway 7, offering services in offshore renewables, had secured a 'substantial' contract with Norway's Equinor and its Polish partner Polenergia for the inter-array cables of the MFW Bałtyk II and MFW Bałtyk III bottom-fixed offshore wind projects…

Current News

BOEM Boosts Monetary Penalties for Oil & Gas firms

BOEM Boosts Monetary Penalties

Portugal Selects Four Offshore Wind Farm Sites Ahead of Auction

Portugal Selects Four Offshore

Technical Issue Shuts Down BP’s Caspian Sea Gas Platform

Technical Issue Shuts Down BP’

Kazakhstan Orders Kashagan Oil Field Operator to Pay $6.6M Fine

Kazakhstan Orders Kashagan Oil

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