Dominion Buying Iberdrola’s US Offshore Wind Lease Area North of CVOW Project Site

(offshoreWind.biz)Iberdrola, through its US subsidiary Avangrid, and Virginia Electric and Power Company, a wholly-owned subsidiary of Dominion Energy, have signed an agreement under which Dominion will acquire the Kitty Hawk North Wind offshore wind lease area. The site, located some 40 kilometres north of the under-construction Coastal Virginia Offshore Wind (CVOW) project, would be renamed CVOW-South,... Continue Reading →

July 9, 2024 0

Global hydro rebound will curb fossil fuel growth in 2024: Kemp

(Reuters) - Global hydroelectric generation slumped to a five-year low last year as a result of lower-than-average rainfall across China, North America and India, contributing to record fossil fuel combustion and emissions in 2023. Global hydro generation amounted to 4,240 billion kilowatt-hours (kWh) in 2023 down from a record 4,359 billion kWh in 2020, according... Continue Reading →

July 9, 2024 0

Uncertainty Clouds US Offshore Wind in the Near Term

Philip Lewis, Contributor (OE) U.S. offshore wind aspirations, both federal and state, have resulted in excitement about the potential opportunity of a large U.S. offshore wind market. But uncertainty, initially financially driven and increasingly a result of political uncertainty, is leading us into a challenging period, which will undoubtedly impact short-term activity, according to the latest... Continue Reading →

July 8, 2024 0

BOEM Approves COP for Avangrid’s New England Wind Projects

(OE) The U.S. Bureau of Ocean Energy Management (BOEM) announced its approval of Avangrid's New England Wind Construction and Operations Plan (COP), which authorizes construction and operation of two wind energy projects. This is the final approval of these two projects from BOEM, following the agency’s April 2024 Record of Decision. The approval will permit... Continue Reading →

July 3, 2024 0

US to Hold Central Atlantic Offshore Wind Lease Sale in August, 6.3 GW Up for Grabs

(offshoreWIND.biz) The US Department of Interior (DOI) will hold an offshore wind lease sale in the Central Atlantic in August this year, with the two areas auctioned by the Bureau of Ocean Energy Management (BOEM) potentially generating up to 6.3 GW of renewable energy. BOEM will hold the auction on 14 August, featuring one area located... Continue Reading →

July 1, 2024 0

Preparing for Floating Wind – Leveraging the Oil & Gas Supply Chain

Philip Lewis, Contributor Examining similarities and differences between the deepwater oil & gas and the emerging floating wind segment. (OE) There has been much excitement around the potential for the offshore wind industry to access deeper water sites through the deployment of floating wind technology. Further, there has been much discussion around the development and deployment... Continue Reading →

June 28, 2024 0

BP Halts Hiring, Pauses New Offshore Wind Projects to Win Over Investors

(Reuters) BP's new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor discontent over its energy transition strategy, sources at the company said. The moves, which have not previously been reported, are part of a decision by Auchincloss... Continue Reading →

June 27, 2024 0

TGS Set for Offshore Wind Measurement Campaign in Morro Bay Off California

(OE) Norwegian seismic firm TGS has announced a new campaign for offshore wind and metocean measurement located in Morro Bay, off the U.S. West Coast. This initiative further expands the company's pioneering multi-client wind and metocean measurement initiatives in key global offshore wind regions. The campaign seeks to greatly enhance the industry's understanding of offshore... Continue Reading →

June 26, 2024 0

A mountain of asset sales loom after oil megamerger era

(Reuters) - U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews. The share buybacks and dividends are needed to lure investors back... Continue Reading →

June 26, 2024 0

Majority of Oil & Gas Industry Leaders Optimistic on Sector Growth, DNV Survey Finds

(OE) Despite unprecedented energy challenges, 68% of oil and gas industry leaders have expressed optimism for sector growth in the coming year, according to the most recent survey by DNV. The latest DNV survey, The Paradox of Petroleum - How the oil and gas sector is transforming through uncertainty, gathered insights from nearly 450 senior oil... Continue Reading →

June 25, 2024 0

Blog at WordPress.com.

Up ↑

Category: United States