Bekaert acquires the majority shares of Flintstone Technology Ltd. to further strengthen its offering in offshore mooring solutions

Bekaert today announces the acquisition of 75% of shares in Flintstone Technology Ltd. Flintstone, based in Dundee Scotland, provides mooring technology solutions, systems design and testing capabilities for the global offshore energy markets. It offers a range of products and services including connectors and tensioners for permanent mooring. Bekaert’s ambition is to be the leading... Continue Reading →

December 1, 2023 0

BP’s search for new CEO to extend into next year as Looney probe drags on

(Reuters) - BP's search for a new chief executive is set to extend into the first quarter of 2024, three sources told Reuters, while the board's probe into whether previous CEO Bernard Looney breached the code of conduct in his undisclosed personal relationships with staff drags on. The oil company has been in turmoil since... Continue Reading →

November 30, 2023 0

Equinor Names California Floating Wind Project

(OE) Equinor has announced the name of its floating offshore wind project off the coast of California, Atlas Wind. The lease area, which lies 60 miles from Morro Bay, has the capacity to provide over 2GW of reliable, renewable power, enough to power 1.7 million California homes once complete. California is poised to become a growing force... Continue Reading →

November 30, 2023 0

Seven INTOG Offshore Wind Projects Ink Exclusivity Agreements

Crown Estate Scotland has confirmed that seven offshore wind projects have signed Exclusivity Agreements as part of the Innovation and Targeted Oil & Gas (INTOG) leasing round. The seven projects join the five Innovation projects that secured Exclusivity Agreements earlier this year, bringing the number of INTOG projects to 12 out of the 13 agreements... Continue Reading →

November 29, 2023 0

Iberdrola to Invest $15 Billion in Britain Through 2028

(OE) Spanish renewable energy giant Iberdrola said on Monday it would invest nearly 14 billion euros ($15 billion) in Britain through 2028 in grids and renewable projects. The plan is in line with the company's broader investment strategy, which has seen a growing focus on networks, whose returns tend to be predictable, and a more... Continue Reading →

November 27, 2023 0

Octopus Energy Buys Stake in 660 MW Wind Farm Offshore UK

(OW) Octopus Energy’s generation arm has taken a 12.5 per cent stake in the 660 MW Walney Extension offshore wind farm located in England. Octopus Energy bought the stake in Walney Extension from AIP Management, the investment manager for Danish pension fund PKA and PFA. The wind farm features 87 wind turbines, each taller than... Continue Reading →

November 27, 2023 0

Rovco Completes Survey Work on 1.4 GW Scottish Floating Offshore Wind Farm Site

(OW) UK-based Rovco has completed all survey work on behalf of Flotation Energy and Vårgrønn for the planned Cenos floating offshore wind farm in Scotland. The Cenos floating offshore wind farm is located in the Central North Sea, 200 kilometres off the coast of northeast Scotland. The geo-environmental survey was completed over an area covering... Continue Reading →

November 23, 2023 0

Politicians Waking up to Higher-cost Offshore Wind Power, Equinor Says

(Reuters) Recent decisions in the United States and Britain to accept higher prices for offshore wind developments are a welcome sign that authorities are adjusting to higher costs in the industry, Equinor's head or renewables said on Tuesday. "I believe that politics and markets will adjust, and that is also necessary in order to keep... Continue Reading →

November 22, 2023 0

UK’s Octopus Energy Launches $3.7B Offshore Wind Fund with Tokyo Gas

(OW) Octopus Energy’s generation arm has launched a dedicated fund with Japan’s Tokyo Gas to invest GBP 3 billion (approximately EUR 3.5 billion) in offshore wind globally by 2030. The fund, set up with a GBP 190 million (about EUR 217 million) cornerstone investment from Tokyo Gas, will invest in the development, construction, and operational... Continue Reading →

November 17, 2023 0

Britain to boost offshore wind auction power price guarantees by 66%

(Reuters) - Britain will increase the guaranteed price offered for offshore wind projects in its next renewables auction by 66%, the government said on Thursday, as it seeks to spur more projects after its last auction failed to attract any offshore wind investment. Britain, which is already the world’s second largest offshore wind market after... Continue Reading →

November 16, 2023 0