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Denmark-based offshore wind installation services firm Cadeler said Friday it had signed a letter of intent with a "blue chip" client. The client is looking into the possibility of using one of Cadeler's two O-class wind turbine installation vessels "over a long period of time," according to Cadeler. Cadeler has two O-class jack-up units -... Continue Reading →
(Reuters) The Biden administration on Thursday said it would hold a Gulf of Mexico drilling auction in March of next year to satisfy a requirement in the government's new climate change law. The Bureau of Ocean Energy Management (BOEM) will offer all of the available unleased acreage in the Gulf outer continental shelf on March... Continue Reading →
(Reuters) - Top oilfield services provider Schlumberger Ltd (SLB.N) reported a 64.9% jump in third-quarter profit on Friday that topped Wall Street expectations as a surge in oil and gas prices led to more drilling activity. Oil and gas producers are looking to increase production as crude prices stay near eight-year highs, boosting demand for Schlumberger's equipment,... Continue Reading →
(Reuters) Baker Hughes Co posted a quarterly loss on Wednesday, compared with a profit a year ago, hit by $230 million in restructuring and impairment charges relating to the oilfield services provider's latest reorganization. The company during the recent quarter said it would simplify its organizational structure into two business units from four, one focused... Continue Reading →
(OED) The U.S. Department of Energy is seeking input on research needs related to floating offshore wind energy mooring and anchoring systems. For this, DOE's Wind Energy Technologies Office (WETO) has issued a Request for Information (RFI). Apart from input on research priorities, DOE is seeking information on state-of-the-art innovative technologies, state-of-the-practice common operations, and... Continue Reading →
(OE) Once again, the events of the last month have shown that the drive to grow the U.S. offshore wind segment has lost little steam. The foundations are firmly in place to support the deployment of 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050. Floating wind farm technology demonstration projects... Continue Reading →
(Reuters) - President Joe Biden's administration on Tuesday said it would hold the first ever sale of offshore wind development rights off the coast of California on Dec. 6, a big step forward in expanding the nascent U.S. industry to Pacific waters. The announcement is the latest in a government push to put wind turbines... Continue Reading →
(Reuters) Oilfield service firms are poised to deliver the strongest third-quarter results in years as demand for equipment and services has risen despite supply chain snags and higher costs from inflation, according to analyst forecasts. Schlumberger, Halliburton, and others have struggled to regain pricing power after a 2016 price drop. The oil market crash during the pandemic... Continue Reading →
Norwegian energy giant Equinor said Monday that Molly Morris would take over as the new President of Equinor Wind US, effective January 1, 2023, succeeding Siri Espedal Kindem, "who will take on a new exciting opportunity within Equinor." Morris joined Equinor in 2008 and has since taken on a variety of important roles in the... Continue Reading →
(OW) The US offshore wind sector has gotten its new official guidance that can be used in the regulatory approval process. The document contains best practices and is said to help accelerate development of the offshore wind industry, shorten regulatory timelines, and increase worker safety. The American National Standards Institute (ANSI) Board of Standards Review... Continue Reading →
Brazil Energy Insight 