(OE) UK-based company Tugdock has signed a Memorandum of Understanding with Salamander floating offshore wind farm to collaborate on innovation for floating offshore wind energy in Scotland. Tugdock, based in Cornwall, UK, has patented marine buoyancy technology that enables heavy marine structures to be built or assembled and loaded-out in ports with water depth or... Continue Reading →
(Reuters) A perfect storm of supply chain delays, design flaws, and higher costs in the offshore wind industry has put dozens of projects at risk of not being delivered in time for countries to meet climate goals, industry executives, investors, and analysts said. The race to reduce reliance on fossil fuels is putting pressure on... Continue Reading →
(Reuters) The bosses of Portuguese utility EDP and oil company Galp on Tuesday warned the government the guaranteed price of the power generated will be key to preventing the first auction of floating offshore wind farms from failing like a recent one in Britain. Portugal's first auction for floating offshore wind farms, set to be... Continue Reading →
Wave Energy Scotland (WES), a subsidiary of Highlands and Islands Enterprise (HIE), is running tests at the University of Edinburgh’s FloWave facility, to determine the potential for floating platforms that can be used by both offshore wind and wave energy devices. The move has been prompted by a report by Offshore Wind Consultants (OWC) exploring the synergies... Continue Reading →
(WO)Sustainable materials specialist, EMR, rare earth magnetic materials recycling company, HyProMag, Offshore Renewable Energy (ORE) Catapult, Magnomatics, and the University of Birmingham have formed a partnership which will focus on extracting the rare earth magnets from end-of-life wind turbines and enabling their use in new wind turbines, both onshore and offshore. Named Re-Rewind, the partnership,... Continue Reading →
BP's interim CEO Murray Auchincloss is expected to stick to the company's plans to shift away from oil and gas following CEO Bernard Looney's abrupt resignation, company sources said. Looney took the top job in February 2020 with a vow to reinvent the British oil giant, and has since led it through a radical transformation with plans to... Continue Reading →
(Reuters)BP CEO Bernard Looney has stepped down after less than four years in office following several allegations of personal relationships with colleagues, the company said in a statement on Tuesday. BP Chief Financial Officer Murray Auchincloss will act as CEO on an interim basis, the company said. "BP plc announces that Bernard Looney has notified... Continue Reading →
(OE) ROV-specialist Forum Energy Technologies (FET) has launched a new tooling rental offering for remotely operated vehicles (ROVs) in response to the changing demands of the subsea sector. "With increasing ROV asset investment across hydrocarbon and offshore renewable energy, as well as defense sectors, FET’s new rental offering is designed to address the need for... Continue Reading →
(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 →
(Reuters) Britain's latest subsidy auction for new renewable energy projects awarded no contracts for offshore wind projects, the results published on Friday showed, drawing criticism from opposition politicians and environmental campaigners. In a 2022 auction, offshore wind projects were the main recipient of funding, with 7 gigawatts (GW) awarded. Offshore wind power is a key... Continue Reading →
