New Massachusetts Bill Extends Offshore Wind Contracts to 30 Years, Heads to Governor’s Desk

(offshoreWIND.biz) The Massachusetts State Legislature has passed a clean energy bill aimed at strengthening future offshore wind contracts. Among other provisions, the bill would allow the state to negotiate contracts of up to 30 years, extending the current 20-year limit. According to Massachusetts State Senator Karen E. Spilka, the legislation allows future offshore wind contracts to... Continue Reading →

November 18, 2024 0

BOEM Invites Feedback on Mitigation Measures for California Offshore Wind Leases

(offshoreWIND.biz) The US Bureau of Ocean Energy Management (BOEM) has opened a public consultation on a regional environmental analysis of potential mitigation measures on future development activities for five offshore wind lease areas off California’s central and north coasts. The Notice of Availability (NOA) for the California Draft Programmatic Environmental Impact Statement (PEIS) will be... Continue Reading →

November 15, 2024 0

The Offshore Floating Wind Horses Have Already Left The Barn, Thanks To US Taxpayers

(cleantechnica.com) The offshore wind industry has planted tens of thousands of turbines in coastal waters around the world since the early 2000s. That’s a good start, but it’s just a start. New offshore floating wind technology is beginning to hit the market, extending the reach of wind turbines into new territory and providing new opportunities... Continue Reading →

November 15, 2024 0

Exxon Warns Trump Against Leaving Paris Agreement

(oilprice.com) Exxon’s chief executive has warned president-elect Donald Trump it would be a bad idea to leave the Paris Agreement on climate change, saying it would create uncertainty for the business world. “I don’t think the stops and starts are the right thing for businesses,” Darren Woods told the Wall Street Journal in an interview. “It is... Continue Reading →

November 12, 2024 0

BOEM Completes SouthCoast Wind Environmental Review

The US Bureau of Ocean Energy Management (BOEM) has made the final Environmental Impact Statement (EIS) for the proposed SouthCoast Wind Project available. If approved, the project could generate up to 2.4GW of offshore wind energy, enough to power more than 800,000 homes. The SouthCoast Wind Energy LLC proposal includes up to 147 wind turbine... Continue Reading →

November 11, 2024 0

US sides with Argentina in dispute over $16 billion YPF judgment

(Reuters) - The U.S. government sided with Argentina in urging a federal judge not to force the cash-strapped country to give up its 51% stake in oil and gas company YP to partially satisfy a $16.1 billion court judgment. In a Wednesday night letter, known as a statement of interest, to U.S. District Judge Loretta Preska... Continue Reading →

November 7, 2024 0

Halliburton misses profit estimates on weak North America, cyberattack impact

(Reuters) - Oilfield services provider Halliburton missed analysts' estimates for third-quarter profit on Thursday, weighed down by a slowdown in drilling activity in North America and the impact of a previously disclosed hack. The company's shares slipped 1.5% to $30.05 in premarket trading. Halliburton in August disclosed a cyberattack where an unauthorized third party accessed and removed data... Continue Reading →

November 7, 2024 0

Trump return will slow, not stop, US clean energy boom

(Reuters) - Donald Trump's return to the White House will refocus the nation's energy policy onto maximizing oil and gas production and away from fighting climate change, but the Republican win in Tuesday's presidential elections is unlikely to dramatically slow the U.S. renewable energy boom. That is because a Biden-era law providing a decade of lucrative subsidies for new... Continue Reading →

November 6, 2024 0

US green power demand expected to grow regardless of election outcome

(Reuters) - Demand for green power in the United States will grow regardless of who is the country's next president, major players in the wind energy sector Vestas and Orsted said on Tuesday. Offshore wind developers have seen profits shrink in recent years due to rising raw material costs, high interest rates, inadequate grid connections, supply chain bottlenecks,... Continue Reading →

November 5, 2024 0

First Installation Campaign at 2.6 GW Coastal Virginia Offshore Wind Project Completed

(offshorewind.biz) Dominion Energy revealed that 78 monopile foundations and four offshore substations were installed at the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project in the US during the first installation season. Dominion Energy said that it achieved its initial goal of installing at least 70 monopiles into the seafloor 27 miles off the coast... Continue Reading →

November 4, 2024 0

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