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(OE) The month of May brings a mixed bag of news for offshore wind in the United States, as outlined in the latest U.S. Offshore Wind Report from business intelligence firm Intelatus Global Partners. In the "positive" category, Intelatus said federal permitting of projects continues on schedule, and states continue to plan to procure and... Continue Reading →
Utah-headquartered Sarcos Technology and Robotics Corporation and Pennsylvania-based VideoRay have signed an agreement to offer integrated underwater robotic systems. Under the agreement, the parties plan on combining VideoRay remotely operated vehicles (ROVs) with the Sarcos Guardian Sea Class robotic system including its dexterous arms. Sarcos and VideoRay will each be able to sell an integrated underwater robotic system, as well... Continue Reading →
(QC) The Port of Long Beach has announced plans for Pier Wind, a giant floating offshore wind facility designed to help California and the nation achieve renewable energy goals. The facility, the largest of its kind at any U.S. seaport, will support the manufacture and assembly of offshore wind turbines as tall as the Eiffel... Continue Reading →
(OE) Singapore's Seatrium, through its subsidiary Sembcorp Marine Offshore Platforms Pte. Ltd. (“SMOP”), has secured a contract worth more than S$500 million for two offshore wind farm substations from Empire Offshore Wind, a joint venture between Equinor and BP. The contract award follows the completion of the FEED (Front-End Engineering and Design) contract secured by... Continue Reading →
Barry Parker, Contributor (OE) The path to decarbonization is defined by partnership and fueled by government funding. This month we examine the players, partnerships, and evolution of Hydrogen Hubs in the Gulf of Mexico. The Green Shipping Challenge, organized by the United States and Norway at COP 27 held in late 2022, brought about dozens of... Continue Reading →
Philip Lewis, Contributor (OE) Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain. There has been much focus on the emerging floating wind market of late. The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of... Continue Reading →
(Reuters) - Oil major Chevron Corp (CVX.N) beat market expectations on Friday as profit nudged higher in the first quarter, with earnings from refining compensating for slides in energy prices as well as oil and gas production. Net profit climbed 5% to $6.57 billion or $3.46 per share. Results beat consensus by 4%, according to Refinitiv data.... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Friday reported a record first-quarter profit that was more than double a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices from high levels. Oil companies are riding a wave of strong demand and cost-cutting tied to efforts to counter... Continue Reading →
U.S. offshore wind developer Dominion Energy is this week kicking off unexploded ordinance identification within the export cable corridor and the Coastal Virginia Offshore Wind (CVOW) lease area located offshore of Virginia Beach, Virginia. The U.S. Coast Guard said in a notice to mariners that the UXO works would start on or about April 25,... Continue Reading →
The U.S. Bureau of Ocean Energy Management (BOEM) on Tuesday invites public comment on, and assesses interest in, possible commercial wind energy development in areas offshore Massachusetts, New Hampshire, and Maine. BOEM said the call represented an early step in the commercial planning and leasing process in the Gulf fo Maine, and the first required by... Continue Reading →
Brazil Energy Insight 