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Dec 24 (Reuters) - Four Democratic governors wrote to U.S. Interior Secretary Doug Burgum on Wednesday to ask the Trump administration to lift its halt on five offshore wind projects on the U.S. East Coast. The Department of the Interior on Monday attributed its suspension of the leases for the projects to national security concerns. However, New York... Continue Reading →
Dec. 10 (OE) Rockhopper Exploration has taken a final investment decision (FID) on Phase 1 of the Sea Lion oil development north of the Falkland Islands, allowing the long-delayed project to proceed after securing financing commitments and regulatory approvals. Partner and operator Navitas Petroleum has also approved FID. Rockhopper said both boards have approved financing... Continue Reading →
Dec. 9 (offshoreWIND.biz) A federal judge has struck down the US President Donald Trump’s indefinite halt of all federal approvals and permitting for new wind energy projects. In a ruling on 8 December, Judge Patti Saris of the US District Court for the District of Massachusetts ruled in favour of 17 US states and the... Continue Reading →
Nov. 12 (offshoreWIND.biz) MunmuBaram, owned by Hexicon, has completed the Marine Traffic Safety Examination (MTSE), marking a milestone in advancing the floating offshore wind project toward full permitting and construction. The developer said that this examination is a vital regulatory step that evaluates how offshore wind development may affect existing vessel routes and overall maritime... Continue Reading →
Oct. 9 (offshoreWIND.biz) The California Energy Commission (CEC) has awarded USD 20 million (approximately EUR 17 million) to the Port of Long Beach to fund the ongoing development of Pier Wind, a proposed USD 4.7 billion (approx. EUR 4 billion) terminal that would serve the floating wind industry. CEC has awarded the grant through the... Continue Reading →
Oct. 9 (Reuters) - Brazilian state-run oil firm Petrobras has racked up 180 million reais ($33.7 million) in costs to keep a drillship on standby in the Foz do Amazonas basin, a company source and a local union said, as it awaits a regulator's decision on a drilling request. The NS-42 drillship arrived in August... Continue Reading →
Sept. 5 (offshoreWIND.biz) In a matter of months, the US offshore wind industry went from a growing investor and employer to an industry that is now undergoing what Oceantic Network called a “targeted attack” after reports emerged that the US Department of the Interior (DOI) plans to revoke federal permits for two more projects. The Trump administration has reportedly also asked... Continue Reading →
(offshoreWIND.biz) Europe needs to invest an extra EUR 6.4 billion in port facilities and new vessels to reach its offshore wind energy goals, according to WindEurope. Currently, Europe can install and maintain about 10 GW of offshore wind annually, enough to meet its 2030 energy security targets, but after 2030, this capacity must rise to... Continue Reading →
(offshoreWIND.biz) According to a new market report from the Global Wind Energy Council (GWEC), there are now 83 GW of offshore wind capacity installed globally, with 48 GW more in the construction phase worldwide as of May this year. “Our report finds that there is now already 83 GW of offshore wind installed worldwide, keeping... Continue Reading →
(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 →
Brazil Energy Insight 