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(Reuters) - Top oilfield services company SLB (SLB.N), opens new tab said on Tuesday it will buy smaller rival ChampionX (CHX.O), opens new tab in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector. Oilfield service providers have followed energy producers in pursuing deals as they navigate operational and pricing challenges while... Continue Reading →
(OE) Between January 2023 and February 2024, TDI-Brooks conducted an extensive site investigation program in two offshore wind blocks in state and federal waters. The projects involved surveying in excess of 20,000 line-kms of analogue and either single or multi-channel seismic in lease blocks and cable routes along the coasts of New York and New... Continue Reading →
(Reuters) Several offshore wind developers bid in a combined Connecticut-Massachusetts-Rhode Island offshore wind solicitation on Wednesday, including units of European energy firms Iberdrola and Orsted. The U.S. offshore wind industry is booming so far this year, with several projects in various stages of development and construction, after a disastrous 2023 of developers cancelling contracts and... Continue Reading →
(Reuters) - Several offshore wind developers are on track to bid in the combined Connecticut-Massachusetts-Rhode Island offshore wind solicitation on Wednesday, including units of European energy firms Iberdrola (IBE.MC), opens new tab, Engie (ENGIE.PA), opens new tab and Orsted (ORSTED.CO), opens new tab. The U.S. offshore wind industry is booming so far in 2024, with several projects in various... 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) The US Bureau of Ocean Energy Management (BOEM) will initiate an environmental review of Vineyard Northeast’s proposed offshore wind energy project, located 29 miles offshore Nantucket, Massachusetts at its closest point. BOEM estimates the proposed project would generate up to 2,600MW of electricity, enough to power more than 900,000 homes with clean renewable... Continue Reading →
(Reuters) The Biden administration on Friday released new rules that will make it easier for offshore wind developers to claim a subsidy for facilities planned in areas that have historically relied on fossil fuel industries for employment. The revision follows nearly a year of warnings by offshore wind companies that their projects might not move... Continue Reading →
(Reuters) Offshore wind energy development presents an opportunity to add transmission capacity to the U.S. East Coast's power system that could ensure reliability for electric grid, according a study released by the U.S. Department of Energy (DOE) on Thursday. "This would allow offshore wind transmission to provide energy to areas of high demand and reduce... Continue Reading →
(Reuters) Energy firm Shell said on Wednesday it had sold its 50% stake in SouthCoast Wind Energy, established to develop wind projects off the coast of Massachusetts, to its joint venture partner Ocean Winds North America for an undisclosed sum. Offshore wind developments faced a slowdown in 2023 as rising inflation, higher borrowing costs and... Continue Reading →
The U.S. Department of the Interior has unveiled proposal for a second offshore wind energy auction in the Gulf of Mexico, which would cover four areas offshore Louisiana and Texas. Totaling 410,060 acres, the next Gulf of Mexico offshore wind auction would have the potential to secured clean power for 1.2 million homes. With the... Continue Reading →
Brazil Energy Insight 