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While oil and gas majors are increasingly entering new offshore wind and green hydrogen projects, it is but a small portion of the overall pie, to quote David Linden from Westwood Global Energy Group. As a reaction to the energy transition, the oil and gas majors are diversifying and now have more of an energy... Continue Reading →
(OE) Design and engineering consultancy Houlder said Tuesday it was supporting Subsea Micropiles, a company adapting land-based micropiling technology to create superior marine foundation and anchor solutions. Houlder is providing marine operations and engineering support to speed up market development and the deployment of Subsea Micropiles’ technology."Innovative foundation technology is essential to reducing costs and... Continue Reading →
(Valor) World leader in wind turbines, Danish Vestas intends to be an important player in the Brazilian offshore wind energy market. This new front has started to engage and should gain regulation by the end of the year. In an interview to Valor, the company's global CEO, Henrik Andersen, highlighted offshore wind and green hydrogen... Continue Reading →
The market for offshore wind farm cables is set to grow six-fold over the course of this decade, according to a new report published by RenewableUK. The global market for subsea power cables is divided between array cables which run between the turbines of an offshore wind farm connecting them to the offshore substation, and... Continue Reading →
ABSG Consulting Inc. (ABS Consulting), a leading global operational risk management company, and Global Maritime, a marine offshore and engineering consultancy, today announced their alliance to support the United States offshore wind sector. Global Maritime's US subsidiary, American Global Maritime Inc., and ABS Consulting will combine their respective expertise in the maritime market into a... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) proposed on Wednesday to pay a dividend on the back of a strong jump in cash flow driven by stricter cost discipline, as it completed its first business year since it spun off from former parent Siemens (SIEGn.DE). The supplier of turbines and services to the power industry, in which Siemens still holds... Continue Reading →
(Reuters) - General Electric Co's (GE.N) plan to spin off energy units into a standalone company could attract investors looking for a well-known name in renewables if they can overlook legacy fossil-fuel operations, financial experts said. Earlier on Tuesday, the 129-year-old conglomerate outlined a plan to split into three publicly traded companies focused on energy, healthcare and... Continue Reading →
(Reuters) - A top U.S. official on Thursday challenged nations to join the United States in setting aggressive goals to expand electricity production from offshore wind. Interior Secretary Deb Haaland issued the call during an appearance at the United Nations climate change conference in Glasgow, Scotland. The administration of President Joe Biden has moved swiftly... Continue Reading →
Italian oil and gas company Eni is increasing its renewables investments and has now acquired a 20% stake in the 1.2GW Dogger Bank C offshore wind project in the UK, by acquiring a 10% stake from each Equinor and SSE. With the acquisition, Eni has now become Equinor's and SSE's partner in all three phases... Continue Reading →
Offshore wind spending is closing the gap on oil and gas investments and is expected to surpass them in several important countries by 2030, with the U.S. to see the fastest growth in offshore wind investment, Norway's Rystad Energy said Monday. "While global O&G capital expenditure will rise nominally in this timeframe, anticipated growth in... Continue Reading →
