Suriname puts 60% of offshore basin on offer in new Staatsolie open-door programme

Nov. 24 (oilnow.gy) Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the Suriname-Guyana Basin. The initiative was formally announced by Managing Director Annand Jagesar, who stated, “This initiative opens new opportunities for exploration and production companies and aims to maintain a high level of exploration activities offshore... Continue Reading →

November 24, 2025 0

Ocean Winds Secures Third Celtic Sea Floating Wind Site

Nov. 19,(offshoreWIND.biz) Ocean Winds has secured the third floating offshore wind site in the Celtic Sea, offered through the Crown Estate’s Round 5 auction earlier this year. The developer is joining Equinor and the Gwynt Glas joint venture, which were awarded rights for two of the three sites offered in Round 5 in June. On... Continue Reading →

November 19, 2025 0

Brazil risks postponing the first offshore wind auction in 2026

Oct. 8 (Agencia Eixos by Gabriel Chiappini and Gustavo Gaudarde) The Working Group, announced last week, to discuss the regulation of offshore wind power, by the National Energy Policy Council (CNPE), has dashed the hopes of industry representatives that the third Lula administration would hold the first auction for the transfer of land for offshore... Continue Reading →

October 8, 2025 0

BW Energy Secures Maromba FPSO Funding, Signs Rig Lease for Brazil Field

Sept. 9 (OE) BW Energy has completed a $365 million project finance facility to fund the refurbishment and redeployment of the Maromba floating production, storage and offloading vessel (FPSO) to Brazil’s Maromba field. The loan, backed by China Export & Credit Insurance Corporation (Sinosure), was significantly oversubscribed and will cover around 80% of total project... Continue Reading →

September 9, 2025 0

A timeline of Trump’s moves to dismantle the US wind and solar energy industries

Aug.t 26 (Reuters) U.S. President Donald Trump has used his second term in the White House to stymie development of wind and solar energy facilities that were a cornerstone of former President Joe Biden's climate and energy agendas. Here is a timeline of actions his administration has taken to unravel federal support for clean energy... Continue Reading →

August 28, 2025 0

Japan proposes 10-year extension for offshore wind farm leases to ease cost pressures

Aug 26 (Reuters) - Japan's industry and land ministries on Tuesday proposed revising guidelines to extend offshore wind project leases by 10 years, from the current 30 years, to help developers manage soaring construction costs and complete projects. The proposal was submitted to a joint expert panel of the Ministry of Economy, Trade and Industry... Continue Reading →

August 26, 2025 0

Equinor Takes $955M Impairment Hit on US Offshore Wind Farm

(Reuters) Norway's Equinor said on Wednesday it booked a $955 million impairment on an offshore wind project in the United States, despite the lifting of an earlier ban on its construction by President Donald Trump's administration. In April, Interior Secretary Doug Burgum said the administration of former President Joe Biden had failed to conduct enough... Continue Reading →

July 23, 2025 0

Britain’s Crown Estate reports profit of 1.15 billion pounds, led by offshore wind

(Reuters) - The Crown Estate, which manages King Charles' public property, reported an annual net profit of 1.15 billion pounds ($1.57 billion) on Tuesday, similar to the previous year, with offshore wind leases its biggest source of revenue. The Crown Estate, which comprises tracts of land and most of Britain’s sea bed, is an independently... Continue Reading →

July 1, 2025 0

US Federal Judge to Allow Multi-State Lawsuit Against Offshore Wind Halt to Proceed

(offshoreWIND.biz) A US federal judge in Massachusetts has tentatively accepted the lawsuit filed by 18 state attorneys general challenging the presidential memorandum issued on 20 January that halts leasing and permitting for wind energy projects, and calls for reviews of existing permits. The case is, however, likely to move forward only against the Department of the... Continue Reading →

June 20, 2025 0

Equinor, EDF-ESB Joint Venture Secure 1.5 GW Sites in UK Floating Wind Leasing Round

(offshoreWIND.biz) The Crown Estate has selected Equinor and Gwynt Glas, a joint venture between EDF Renewables UK and ESB, as preferred bidders in the seabed leasing round for floating wind projects in the Celtic Sea. Selected on 12 June, each of the two developers was awarded 1.5 GW of capacity in their respective project development area... Continue Reading →

June 20, 2025 0

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