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April 24 (OE) Helix Energy Solutions and Hornbeck Offshore Services have agreed to combine in an all-stock transaction to create an integrated offshore services company. Under the agreement, Hornbeck shareholders will own about 55% of the combined company, while Helix shareholders will hold around 45%. The combined company will operate under the Hornbeck Offshore Services... Continue Reading →
April 23 (oilprice.com) The global energy crisis has reshaped global energy priorities seemingly overnight. The Strait of Hormuz has been closed to virtually all commercial traffic for well over a month now, severely restricting global flows of oil and gas. As a result, global energy prices have skyrocketed, and supplies have tightened, pushing many countries... Continue Reading →
April 23 (offshoreWIND.biz) The European Commission has identified offshore wind repowering as one of the key measures to strengthen energy security and reduce reliance on fossil fuel imports, as part of its newly unveiled AccelerateEU strategy. Announcing the strategy on 22 April, the Commission highlighted the rapid repowering of large renewable assets, including offshore wind farms,... Continue Reading →
April 23 (OE) Over the last few years, the energy trilemma has pivoted away from energy transition to energy security and affordability. As a result, offshore oil & gas exploration and production activity, including deepwater activity, has been relatively healthy. Construction, operational support and decommissioning activity has supported the deployment of large anchor handlers and... Continue Reading →
April 22 (Reuters) A federal judge on Tuesday blocked President Donald Trump's administration from enforcing a series of permitting policies that wind and solar energy industry groups say have stymied the development of new energy generation projects. Chief U.S. District Judge Denise Casper in Boston issued a preliminary injunction sought by nine advocacy groups and industry trade associations that... Continue Reading →
April 21 (OE) ScottishPower, part of Iberdrola, and Masdar have installed the first turbine at the $5.4 billion (£4 billion) East Anglia THREE offshore wind farm, marking a U.K. record with blades measuring 115 meters. The blades are the largest manufactured and installed for a project in U.K. waters, exceeding the previous record of 108... Continue Reading →
April 20 (Reuters) A Massachusetts judge on Friday blocked GE Vernova from abandoning work on the largest offshore wind farm in New England after developer Vineyard Wind refused to pay over $300 million the turbine supplier says it is owed for the $4.5 billion project. Suffolk County Superior Court Judge Peter Krupp in Boston issued... Continue Reading →
April 14 (westwoodenergy.com) Chinese manufacturers have been quietly but rapidly gaining ground in the global offshore wind turbine foundation market. In 2025, 26% of all turbine foundations installed globally (excluding Mainland China) were supplied by Chinese manufacturers, up from virtually zero in 2020. This shift marks a major reconfiguration in the global supply chain, creating much-needed supply... Continue Reading →
April 10 (Reuters) - Vineyard Wind has filed a lawsuit seeking to block a wind turbine-supplying unit of GE Vernova from terminating agreements and abandoning work on a $4.5 billion offshore wind farm in Massachusetts on the eve of completion. Vineyard Wind, a joint venture between Spain's Iberdrola and Denmark's Copenhagen Infrastructure Partners, filed a lawsuit this week in... Continue Reading →
April 9 (Reuters) - The Middle East war is giving fresh momentum to Europe's push for energy independence and bolstering the case for offshore wind farm developments, the CEO of Denmark's Orsted said on Thursday. Europe, a major importer of fossil fuels, has seen energy prices soar in recent weeks as the U.S.-Israeli war on Iran, and Teheran's blockage of shipments through... Continue Reading →
Brazil Energy Insight 