California Sets Big Offshore Wind Targets

(Reuters) California on Wednesday set ambitious new targets for offshore wind development, saying turbines along its storied coastline would power some 25 million homes by 2050. In a unanimous vote, the five-member California Energy Commission (CEC) adopted a goal of 3,000 to 5,000 megawatts (MW) of offshore wind by 2030 and 25,000 MW by 2045, the agency... Continue Reading →

SBM Orders Seventh Fast4Ward Hull

Dutch FPSO leasing specialist SBM Offshore has ordered its latest Fast4Ward multi-purpose floater hull as it marked a new record level order book at $31.1 billion.  The latest Fast4Ward floating production unit (FPU) is expected to be delivered in 2024, the firm said yesterday in its half year earnings. It also said it could have... Continue Reading →

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