(OE) Saipem has installed the second unmanned High Voltage Direct Current (HVDC) platform at Dogger Bank, being built in UK waters and set to become the world’s largest offshore wind farm once constructed. The substation is the second of three platforms, each supplied by Aibel, to be installed at Dogger Bank offshore wind farm, which... Continue Reading →
(Reuters) Norway's Equinor has been granted a development consent for two extensions on offshore wind projects in Britain, the energy producer said in a statement on Thursday. "With these extensions, Equinor’s wind farms in Norfolk will power nearly 1.5 million households," Equinor said in a statement, adding more assessments would still need to be done... Continue Reading →
(OE) Offshore wind developers Flotation Energy and Vårgrønn, a joint venture between Eni’s Plenitude and HitecVision, have announced that their 560 MW floating offshore wind project Green Volt has been granted full onshore planning approval. The Green Volt floating wind farm, located offshore Scotland, will deliver electricity to oil and gas platforms, replacing power currently... Continue Reading →
(Bloomberg) -- Macquarie Asset Management is making a $50 billion bet on offshore wind after sidestepping a perfect storm of low power prices and cost inflation that forced many competitors to walk away. Corio Generation Ltd., the fully owned offshore wind unit of the Australian financial giant, along with partners including TotalEnergies SE, plans to... Continue Reading →
(Reuters) The global market for offshore wind projects is improving with governments and companies now offering high enough prices to make projects economically viable, the CEO of Portugal's largest utility Energias de Portugal (EDP) said on Tuesday. Many countries are relying on a huge and rapid build-out of offshore wind farms to meet climate targets... Continue Reading →
(OE) Masdar, the UAE’s clean energy powerhouse, has acquired a 49% stake in the UK Dogger Bank South (DBS) offshore wind projects as part of the agreement with RWE. The partners will now jointly forge ahead with the delivery of these flagship projects. RWE, with a 51% stake, will lead development, construction and operation throughout... Continue Reading →
(OE) Siemens Gamesa has produced the first nacelles for over 14 MW-rated offshore wind turbines that will be deployed at Moray West offshore wind farm in Scotland. The nacelles were produced at Siemens Gamesa’s Cuxhaven factory in Germany. According to the company, the nacelles are currently awaiting shipment, before being fitted with the B108 blades... Continue Reading →
(OE) UK-based remotely operated vehicle (ROV) solutions provider ROVOP has formed global partnership with Boskalis’ subsidiary Subsea Services to offer integrated subsea solutions throughout energy industry. The partnership provides five diving support vessels (DSV) and one construction support vessel (CSV) of the Boskalis fleet, with dedicated ROV services to maximize service delivery. It also entails... Continue Reading →
(OET) Offshore drilling contractor Valaris has landed a batch of new contracts and extensions across multiple geographies with Petrobras, Equinor, Harbour Energy, TotalEnergies, Shell, Ithaca Energy, Eni, undisclosed operators, and Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental (Oxy). These deals will enable three floaters and six jack-ups in the rig owner’s fleet to undertake... Continue Reading →
(Reuters) Shell on Thursday reported a 2023 profit of $28 billion, a 30% drop from the previous year's record as energy prices and demand cooled, but still allowing the firm to increase its dividend by 4% and extend share repurchases. The British company's payouts to shareholders reached around $23 billion in 2023, over 10% of... Continue Reading →
