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(Reuters) - Shares in Danish energy company Orsted (ORSTED.CO) tumbled by more than 7% on Friday after announcing a writedown on a large U.S. offshore wind project and an earnings forecast for 2023 that fell short of analyst estimates. Despite rising demand for green energy, dark clouds are gathering over the offshore wind power industry as rising... Continue Reading →
(OWB) Nucor has introduced Elcyon, the company’s new sustainable heavy gauge steel plate product made specifically to meet the growing demands of America’s offshore wind energy producers. Nucor will manufacture Elcyon at the firm’s new USD 1.7 billion Nucor Bradenburg steel mill in Kentucky, which produced its first steel plate at the end of December... Continue Reading →
(OE) Danish offshore wind farm developer Ørsted has agreed to buy Public Service Enterprise Group’s (PSEG) 25 percent stake in Ocean Wind 1, a 1,1 GW offshore wind project located 15 miles off the coast of southern New Jersey. The acquisition gives Ørsted complete ownership of Ocean Wind 1. The transaction between Ørsted and PSEG... Continue Reading →
(OET) Dutch offshore services provider Boskalis has won a contract with an undisclosed client to construct a large wind farm offshore the USA. Under the contract, Boskalis will transport and install the wind turbine foundations and power cables for which two crane vessels, and several transport and cable-laying vessels will be deployed, the company said. The Dutch... Continue Reading →
Greg Lennon, Contributor (OE) It will take a team effort that spans sectors and even industries to meet the United States’ goal of 30 GW of offshore wind by 2030, writes Greg Lennon, ABS Vice President, Global Offshore Wind. As the United States offshore wind (OSW) industry considers the Biden-Harris Administration’s 30 gigawatts (GW) by 2030... Continue Reading →
Offshore drilling firm Valaris said Friday it had recently secured contracts and extensions for its offshore drilling rigs in Brazil, the U.S. Gulf of Mexico, and the UK North Sea. In Brazil, French oil company TotalEnergies exercised an extension option for the VALARIS DS-15 drillship. With this extension, the GustoMSC P10000-design drillship is expected to remain busy until December 2023.... Continue Reading →
(OE) The U.S. Department of the Interior will reform its regulations for the development of wind energy facilities on the country's outer continental shelf to help meet crucial climate goals, it said in a statement on Thursday. The proposed rule changes would save developers a projected $1 billion over a 20-year period by streamlining burdensome... Continue Reading →
The US Administration’s strategy to fast-track offshore wind development is exciting for overseas shipbuilders and service providers in the field. Joint ventures meeting Jones Act requirements will support accelerating development. Some question, however, whether ambitious 2030 targets can actually be achieved. Ulstein group is a front runner. The Norwegian-based company has already provided the design... Continue Reading →
Panduit, a US provider of electrical and network infrastructure solutions, has bought the subsea cable and pipe protection product portfolio and related technologies from South Korea marine manufacturer DongWon EN-Tec (DWE). The product portfolio covers URAPROTECT, a polyurethane submarine cable and pipe protector solution, bend stiffeners and restrictors, and J-Tube seals for wind turbine applications. ... Continue Reading →
Community Offshore Wind, a joint venture between RWE Renewables and National Grid, has started its geophysical survey campaign in the New York Bight. The survey campaign, managed by Fugro, will study seabed conditions and potential export cable corridors within the project lease area. The data collected will help inform safe and responsible project design and... Continue Reading →
Brazil Energy Insight 