Two firms embark on merger quest to create ‘formidable force’ in offshore energy market intelligence

(OET) Aberdeen-based Archer Knight (Holdings) Limited has revealed a merger deal to acquire Singapore’s Energy Maritime Associates (EMA), which will enable both players to redefine their position in the offshore energy market intelligence landscape while paving the way for an expanded employment plan. This merger, which combines two specialist offshore energy advisory firms with distinct... Continue Reading →

September 8, 2023 0

Eversource Sells Seabed Acreage Offshore US to JV Partner Ørsted for USD 625 Million

Eversource Energy has completed its sale of an uncommitted lease area off the south coast of Massachusetts to its joint venture (JV) partner Ørsted for USD 625 million. The all-cash transaction, which was announced in May, closed today following approval from the Committee on Foreign Investment in the United States. The deal with Eversource provides... Continue Reading →

September 8, 2023 0

ANP interdicts FPSO Cidade de Santos after verifying serious safety risks on the platform

(PN) The National Petroleum Agency (ANP) decided to interdict the FPSO Cidade de Santos, located in the Uruguá and Tambaú field, in the Santos Basin. The decision comes after agency inspectors found “critical deviations” in the vessel's facilities. The unit went into operation in July 2010 and is about to enter its decommissioning phase. In... Continue Reading →

September 7, 2023 0

Why the US Offshore Wind Industry is in the Doldrums

(Reuters) The value of Danish energy company Orsted, the world's largest offshore wind farm developer and a big player in the U.S., has plunged about 31% since it declared $2.3 billion in U.S. impairments in late August due to supply delays, high interest rates and a lack of new tax credits. The company is just one... Continue Reading →

September 7, 2023 0

Ørsted Extends Its Offshore Wind Collaboration with Hitachi Energy

(OW) Hitachi Energy and the Danish renewable energy developer, Ørsted, have extended their long-standing collaboration for offshore wind farms for three more years. Under the extended framework agreement, Hitachi Energy will continue to support Ørsted’s global offshore wind farms. At a visit to Hitachi Energy’s factory in Ludvika in Sweden, Ørsted’s country head of Sweden,... Continue Reading →

September 7, 2023 0

World’s Largest Wind Turbine Takes On Typhoon, Comes On Top

(OW) Goldwind’s GWH252-16MW wind turbine, installed at the Zhangpu Liuao offshore wind farm owned and developed by China Three Gorges, has produced 384.1 megawatt-hours in a 24-hour period, setting a new world record for an individual wind turbine in the given period. The record was achieved on 1 September while the wind farm offshore the... Continue Reading →

September 6, 2023 0

Offshore Wind Could Secure Scottish Green Hydrogen Potential – Report

(OW) New and existing offshore wind farms could help generate large amounts of green hydrogen and support the UK and EU meet their net zero targets, if the necessary infrastructure can be put in place, according to a new report commissioned by Crown Estate Scotland. The “Commercial Models for Future Hydrogen Production” report, written by Xodus Group,... Continue Reading →

September 6, 2023 0

SLB to add $5 billion in revenue this year, sees similar growth in 2024

(Reuters) - SLB (SLB.N) is on track to add about $5 billion in revenue this year, and sees similar potential for growth in 2024, mainly helped by increased drilling in international markets, CEO Olivier Le Peuch said at a conference on Wednesday. SLB, the world's largest oilfield service company and former Schlumberger, is betting on a recent... Continue Reading →

September 6, 2023 0

Floating Wind: What Opportunities Exist for Installation Companies and Vessel Owners?

Philip Lewis, Contributor (OE) Global floating wind capacity will have grown from less than 200 MW at the end of 2022 to around 61 GW of grid connected capacity by 2035. This activity will require over $250 billion in capital expenditure. Over 75% of the forecast activity is expected to come from four countries. The global... Continue Reading →

September 6, 2023 0

SCHOTTEL Marine Technologies merges German and UK ops with focus on floating offshore renewables

(OET) SCHOTTEL Marine Technologies, the new company name for Germany’s AQUOS SCHOTTEL Marine Technologies and Scotland’s Swift Anchors, has integrated its operations to ramp-up deployment of its anchoring solutions for floating offshore renewables. The move comes in an effort to exploit the growing business opportunities in offshore renewables, and in particular within the floating offshore wind sector,... Continue Reading →

September 5, 2023 0

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Two firms embark on merger quest to create ‘formidable force’ in offshore energy market intelligence

Eversource Sells Seabed Acreage Offshore US to JV Partner Ørsted for USD 625 Million

ANP interdicts FPSO Cidade de Santos after verifying serious safety risks on the platform

Why the US Offshore Wind Industry is in the Doldrums

Ørsted Extends Its Offshore Wind Collaboration with Hitachi Energy

World’s Largest Wind Turbine Takes On Typhoon, Comes On Top

Offshore Wind Could Secure Scottish Green Hydrogen Potential – Report

SLB to add $5 billion in revenue this year, sees similar growth in 2024

Floating Wind: What Opportunities Exist for Installation Companies and Vessel Owners?

SCHOTTEL Marine Technologies merges German and UK ops with focus on floating offshore renewables

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