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(OE) Noble Corporation has reported that its contract drilling services revenue for the first quarter of 2025 totaled $832 million compared to $882 million in the fourth quarter of 2024, with the sequential decrease driven primarily by the benefit received in the fourth quarter of 2024 from the Noble Deliverer's early termination fee. Contract drilling... Continue Reading →
(OE) Cerulean Winds, the lead developer of the Aspen, Beech and Cedar floating offshore wind farms, has completed Digital Aerial Surveys (DAS) for the projects planned to be built in the Central North Sea. The ecological data has been collected across an area of 2,784 km2, following 72 DAS for the its Aspen, Beech and... Continue Reading →
(OE) The U.K. government has allocated $400 million, via publicly-owned clean energy company Great British Energy, to strengthen the domestic offshore wind supply chain. The funding, announced by U.K.’s Prime Minister Keir Starmer, will boost domestic jobs, mobilize additional private investment, and secure manufacturing facilities for critical clean energy supply chains like floating offshore platforms.... Continue Reading →
Ørsted has expanded its Group Executive Team with the appointment of two new members, enabling the representation of the full offshore wind value chain, including development, construction, and generation. Effective from May 1, 2025, Amanda Dasch has been appointed Chief Development Officer (CDO) and will head up Ørsted Commercial, which covers commercial development activities across... Continue Reading →
Cerulean Winds, the lead developer of the Aspen, Beech and Cedar floating offshore wind farms, has appointed two new senior executives to help shape the future of the company. Tom Scrope joins as Cerulean Winds’ first Chief Financial Officer (CFO). Scrope will be focused on shaping the financial model of the business, capital raising and... Continue Reading →
(OE) Gazelle Wind Power, a Dublin-based floating wind developer, has secured a 10-year TUPEM (Titulo de Utilizacao Privativa do Espaco Marítimo) authorization, clearing the way for the deployment of its 2 MW Nau Azul floating wind demonstrator project off Portugal. Issued by Portugal’s Directorate-General for Natural Resources, Safety and Maritime Services (DGRM), the TUPEM authorization... Continue Reading →
Dutch FPSO leasing specialist SBM Offshore has signed a $1.1 billion unsecured Revolving Credit Facility (RCF) with a group of 13 international banks. The loan will be used to refinance its existing $1.0 billion RCF which was due to expire in February 2026. The new RCF has a tenor of five years and two one-year... Continue Reading →
(OE) Equinor has established a new business area, combining renewables with its gas-to-power and energy storage units as it aims to capitalize of rising power demand. The announcement comes in response of growing power demand from electrification of society and industry, expansion of artificial intelligence (AI) and data centers, according to Equinor. The new power... Continue Reading →
(offshoreWIND.biz) Corio Generation, a standalone portfolio company of Macquarie Asset Management, plans to restructure its offshore wind development business to focus on a smaller portfolio of projects. A spokesperson for Corio Generation said: “Given challenging market conditions in the offshore wind sector, Corio Generation is refocusing its global operations to prioritise the development of a smaller portfolio of... Continue Reading →
(OE) The government of U.K. has approved 1.2 GW extension to Rampion offshore wind farm, Rampion 2, off the Sussex coast. The Development Consent Order (DCO) for the Rampion 2 offshore wind farm project, an extension to the existing Rampion wind farm nearby, is being led by global renewables company RWE, on behalf of joint... Continue Reading →
Brazil Energy Insight 