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(OE) A joint venture between RWE Renewables and National Grid called Community Wind has submitted a proposal to the New York State Energy Research and Development Authority (NYSERDA) to provide New York State with electricity from 1.3 GW of offshore wind capacity to power nearly 500,000 homes. The bid submission was in response to the... Continue Reading →
(OE) Ørsted and Eversource have submitted a joint proposal in response to New York State’s third round of offshore wind solicitations. "Delivering clean, renewable power for at least 1 million New York homes, this submission includes multiple bids with different configurations that will generate billions of dollars in economic activity in the state economy, create... Continue Reading →
(Reuters) - Chevron Corp (CVX.N) on Friday posted a record $36.5 billion profit for 2022 that was more than double year-earlier earnings, but the bottom line fell shy of Wall Street estimates, undercut by asset writedowns and rising costs. The second largest U.S. oil producer's adjusted net profit for 2022 exceeded its previous record set in 2011 by about... Continue Reading →
(OE) Leading Light Wind submitted its bid for an offshore wind power contract to the New York State Energy Research and Development Authority (NYSERDA) as part of New York's third competitive offshore wind solicitation. Leading Light Wind, led by Chicago-based Invenergy and New York-based energyRe, proposes delivering up to 2,1 GW of electricity to the... Continue Reading →
(OE) Norway's Equinor and UK's BP on Thursday jointly bid into New York’s third offshore wind solicitation (NY3). The bid was submitted to the New York State Energy Research and Development Authority (NYSERDA) in response to the state’s most recent offshore wind energy solicitation. Equinor said the bid would provide New York with renewable energy... Continue Reading →
(Reuters) - Vestas (VWS.CO) on Friday warned of a slower year ahead after the wind turbine maker posted disappointing 2022 sales hurt by project delays and impairments. The company said slow permitting processes in Europe and dampened U.S. activity before the impact of the Inflation Reduction Act kicks in will mean fewer wind turbine installations this year.... Continue Reading →
(OET) As rig activity stood out in multiple regions during 2022, Westwood Global Energy, an energy market research and consultancy firm, believes that there is no reason to expect anything different in 2023 while forecasting global marketed offshore rig utilisation to average 95 per cent this year with day rates getting a further increase. Westwood outlined... Continue Reading →
(OE) Most of the media coverage of offshore wind development in the United States focuses on the leases of the offshore areas where the wind turbines will be located. However, equally important is the landside dimension of these projects, including the manufacture, installation, maintenance and operation of the turbines. Several awards made in the last... Continue Reading →
Energy producer Hess Corp. on Wednesday beat Wall Street estimates for fourth-quarter profit on higher crude prices, and said it had found more oil offshore Guyana. Western sanctions against major energy producer Russia and the decision of producer group OPEC+ to cut output by 2 million barrels per day pushed up Brent crude prices by... Continue Reading →
(OWB) Half of the US offshore wind energy projects in the pipeline are at risk of being delayed beyond 2030 because of limited port and vessel infrastructure and domestic manufacturing, according to a new report co-authored by the National Renewable Energy Laboratory (NREL) and the Business Network for Offshore Wind. The US has set the... Continue Reading →
Brazil Energy Insight 