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(OE) The US Bureau of Ocean Energy Management (BOEM) and the National Oceanic and Atmospheric Administration (NOAA) Fisheries have released a final joint strategy to protect and promote the recovery of endangered North Atlantic right whales while responsibly developing offshore wind energy. The strategy builds on existing mitigation measures to protect North Atlantic right whales... Continue Reading →
(OE) French green hydrogen production specialist Lhyfe has announced the operating results of its offshore hydrogen production pilot platform, Sealhyfe, confirming the initial objectives have been met with valuable insights gathered for the large-scale HOPE project. After 14 months of testing, including in particularly tough conditions, Sealhyfe was brought back with its full production capacity... Continue Reading →
(OET) Norway’s Solstad Offshore has placed an order with compatriot Omega Subsea Robotics for the delivery of six additional remotely operated vehicle (ROV) systems that will be integrated onboard its selected vessels this year. With six ROV systems already in place, this order doubles Solstad and Omega Subsea’s total ROV system count from six to... Continue Reading →
(OET) The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has made modifications to monetary penalties for oil and gas companies, implementing the 2024 inflation adjustments for the maximum daily civil monetary penalties contained in BOEM regulations per Federal law. The Bureau of Ocean Energy Management made the final rule announcement on Thursday, January 25, 2024,... Continue Reading →
(Reuters) - Offshore wind developers submitted revised bids to supply power to New York state on Thursday to cope with soaring costs, with industry heavyweights Equinor (EQNR.OL), opens new tab and BP (BP.L), opens new tab saying they would no longer develop projects together. The closely watched New York solicitation, which allows companies to exit old contracts and re-offer... Continue Reading →
(Reuters) - Norway's Equinor (EQNR.OL), opens new tab maintains an ambition to reach 12-16 gigawatts (GW) of installed renewable energy capacity by 2030, despite dropping out of some projects in New York, its renewables head told Reuters on Friday. "The 12 to 16 gigawatt ambition by 2030, we are not changing that now," Paal Eitrheim said in... Continue Reading →
(Reuters) - Colombia's renewable energy sector could get investment of up to $2.2 billion in 2024 across 66 projects that are soon to enter production or waiting to complete paperwork, renewable energy association SER Colombia said on Thursday. Colombia has set its sights on developing renewable energy sources, such as solar, wind and geothermal, as... Continue Reading →
(Reuters) Norway's Equinor said on Thursday it had entered into a swap transaction with BP to take full ownership of Empire Wind lease and projects while the British energy company takes over Beacon Wind. Equinor will also take over BP's 50% share of the South Brooklyn Marine Terminal (SBMT) lease, the company said. Following the... Continue Reading →
(OET) Within its 2024 Business Strategy and Development Plan, China’s oil and gas giant CNOOC Limited has outlined a set of objectives for the year ahead. With energy demand on the rise, the Chinese giant has unveiled intentions to step up oil and gas production, bolster its hydrocarbon reserves, and scale up natural gas exploration... Continue Reading →
(OE) The U.S. government has awarded a major grant to the Humboldt Bay Harbor, Recreation, and Conservation District for the construction of a new marine terminal to be primarily used for floating offshore wind-related activities. The grant for the Humboldt Bay Offshore Wind MVP (Minimum Viable Port) project comes through the U.S. Department of Transportation’s... Continue Reading →
