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(OW) BP is advertising a new opening in its offshore wind business, this time looking for the Head of Floating Offshore Wind, who will develop and lead its global floating offshore wind team from BP’s base in the UK. The company participated in public discussions on California’s (floating) offshore windBP is also exploring floating wind as... Continue Reading →
(Reuters) - Larry Fink, chief executive of the world's biggest asset manager BlackRock Inc (BLK.N), on Wednesday defended his firm's energy investments after facing a backlash from lawmakers critical of its stance on environmental, social and governance (ESG) issues. "Facts are not important with some sub-groups in this country," Fink told attendees at the Institute of... Continue Reading →
(OEM) Offshore drilling contractor Transocean has secured more work for its fleet of offshore drilling rigs in the Gulf of Mexico, Brazil, Suriname, Norway, the UK, and India. On Thursday, Transocean published its quarterly fleet status report, detailing some of the recently announced deals and adding several new ones. The aggregate incremental backlog associated with... Continue Reading →
(Reuters) -BlackRock Inc posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income from a global market rout, but its assets under management fell below expectations. The threat of a recession, surging interest rates and the Ukraine crisis have slammed... Continue Reading →
(OE) The total pipeline of floating offshore wind projects has more than doubled in the past 12 months in terms of capacity worldwide, from 91GW a year ago to 185GW now, according to a report published by RenewableUK on Tuesday. According to the report, The number of projects has increased globally during that time from... Continue Reading →
Offshore drilling contractor Seadrill is returning to the New York Stock Exchange (NYSE) following a couple of years of absence. Seadrill Limited announced on Tuesday that it had received approval to relist its common shares on the NYSE under the ticker symbol “SDRL”. The company expects the common shares to begin trading on or about... Continue Reading →
(RE) A vast network of long-distance shipping and pipeline routes will be built by 2050 for the trading of just over 60% of the world’s hydrogen supply, according to a new report by Hydrogen Council and the consulting firm McKinsey. In a “cost-optimal world”, half of the 400 million tonnes of H2 they expect to be... Continue Reading →
(OW) The US Bureau of Ocean Energy Management (BOEM) has issued a finding of no significant impacts (FONSI) to environmental resources from potential offshore wind energy leasing activities in the Morro Bay Wind Energy Area (WEA), located off the coast of San Luis Obispo County in central California. On 5 October, the Bureau announced it... Continue Reading →
French offshore cable-making and installation company Nexans has signed a firm contract to supply offshore wind export cables for phase one of the Empire Wind offshore wind project in the U.S., being developed by a 50-50 partnership between Equinor and BP. "This contract signature follows the Preferred Supplier Agreement signed in March 2021, which prompted several... Continue Reading →
U.S offshore wind developer Atlantic Shores Offshore Wind has selected wind turbine maker Vestas as the preferred supplier for its 1.5 GW offshore wind project in New Jersey, USA. Atlantic Shores is a 50:50 partnership between Shell New Energies and EDF Renewables. Vestas will provide its V236-15.0 MW offshore wind turbines, with installation expected in 2027. Once... Continue Reading →
