New York Ends Fifth Offshore Wind Solicitation Process ‘Due to Federal Actions Disrupting Market’

Feb. 17 (offshoreWIND.biz) The New York State Energy Research and Development Authority (NYSERDA) has closed the state’s fifth offshore wind solicitation, launched in 2024, without awarding any offshore renewable energy credits (ORECs). The state agency has also launched a Request for Information (RFI) to inform a potential process through which the state would support the... Continue Reading →

Irish Company Receives DNV Prototype Certificate for Floating Wind Mooring Tech

Feb. 13 (offshoreWIND.biz) DNV has issued a prototype certificate for a mooring line component which mitigates dynamic mooring and platform loads on floating wind turbines, developed by the Irish engineering company Dublin Offshore. The certificate for Dublin Offshore’s load reduction device (LRD) was issued following completion of the prototype certification process in line with DNV‑SE‑0422... Continue Reading →

Orsted’s full-year earnings on track after cash flow boost, debt reduction

 Feb 6 (Reuters) - Denmark's Orsted reported sharply higher fourth-quarter cash flow and a bigger-than-expected reduction in debt, as the group boosts its balance sheet to navigate U.S. President Donald Trump's clampdown on offshore wind. Orsted expanded rapidly over the past decade, but more recently faced higher costs from supply chain disruption and inflation, and faces regulatory... Continue Reading →

Massachusetts, Nova Scotia Partner on Offshore Wind Development

Feb. 6 (offshoreWIND.biz) The US state of Massachusetts and the Canadian province of Nova Scotia have signed a Memorandum of Understanding (MoU) to deepen cooperation on offshore wind development, seeking to align planning, workforce training, transmission planning and supply chain development across the North Atlantic region. Massachusetts Governor Maura Healey and Nova Scotia Premier Tim... Continue Reading →

SMST to supply mission equipment for first-of-its-kind CSOV‑Plus of Marco Polo Marine and PKR Offshore

Feb. 5 - SMST has been selected by Marco Polo Marine to deliver a comprehensive mission equipment package for the company’s first‑of‑its‑kind Commissioning Service Operation Vessel Plus (CSOV‑Plus). The scope comprises an Access & Cargo Tower fitted with a motion compensated gangway (Telescopic Access Bridge L2) and a 100t knuckle boom crane, enabling safe and... Continue Reading →

Equinor Reports Lower Q4 Earnings as Record Production Supports Cash Flow

Feb. 4 (oilprice.com) Equinor posted lower earnings in the fourth quarter of 2025 compared with a year earlier, reflecting weaker liquids prices and impairment charges, even as the Norwegian energy major delivered record annual production and outlined measures to reinforce cash flow and competitiveness. Adjusted operating income for the quarter reached $6.2 billion, down from the same... Continue Reading →

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