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(OM) Twenty-eight major subsea production equipment contracts were awarded in 2021 according to Wood Mackenzie. This represented an increase of three over 2020, but still down from the record 54 contracts issued in 2019. Higher construction vessel utilization rates coupled with moderate cost inflation will lead to day rates rising by 5-8% year-on-year through 2026,... Continue Reading →
(Upstream) Five of seven lease auctions planned by the US Bureau of Ocean Energy Management up to the end of the 2025 are expected to have opportunities for floating wind. Representatives of major offshore wind developers said that 80% of offshore wind potential is in the floating wind sector at the Floating Wind Solutions Conference... Continue Reading →
(OE) It is clear only a few weeks into 2022 that this year can be a watershed moment for American offshore wind. The Department of the Interior has positioned 2022 to be a record year in terms of offshore wind lease offerings and project greenlights. At the end of 2021, the Bureau of Ocean Energy... Continue Reading →
(OM) Three companies have commented on their awards under last week’s auctions for wind farm lease areas offshore New York and New Jersey. TotalEnergies was awarded maritime lease area OCS-A 0538 by the Bureau of Ocean Energy Management (BOEM) in the New York Bight auction, having bid $795 million. The 132-sq mi (341-sq km) lease... Continue Reading →
(Reuters) Germany aims to speed up wind and solar energy projects, a document seen by Reuters showed on Monday, as the war in Ukraine underscores the need to reduce reliance on Russian gas. Cutting back on Russian gas has been tricky for Europe's largest economy as it is already set to exit nuclear power this... Continue Reading →
(OE) French oil major TotalEnergies has won a bid to build three gigawatts (GW) of offshore wind power capacity on the New Jersey coast in the United States. The company said the $795 million deal is for the 341 sq km New York Bight concession, which is located up to 87 km from the coasts... Continue Reading →
The Department of the Interior today announced the results of the nation’s highest-grossing competitive offshore energy lease sale in history, including oil and gas lease sales, with the New York Bight offshore wind sale. These results are a major milestone towards achieving the Biden-Harris administration’s goal of reaching 30 gigawatts of offshore wind energy by... Continue Reading →
The largest-ever U.S. sale of offshore wind development rights - for areas off the coasts of New York and New Jersey - attracted a record $1.5 billion in bids on Wednesday, supporting President Joe Biden's plan to create a new domestic industry. The auction, which will continue on Thursday, is the first offshore wind lease... Continue Reading →
(Reuters) - The United States will hold its biggest ever sale of offshore wind development rights on Wednesday, in an area covering nearly half a million acres off the coasts of New York and New Jersey. It will be the first offshore wind lease sale under the administration of President Joe Biden, who has made... Continue Reading →
(Portos e Navios) The development of offshore wind projects in Brazilian jurisdictional waters has a way to go, but it has good indicators in different business areas. Sector agents consulted by Portos e Navios believe that the reduction of bureaucracy in the process and gains in scale will contribute to making projects viable, attracting new... Continue Reading →
