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The US has almost 53 GW of offshore wind projects in operation, development and planning stages. This could power more than 18 million US households if all the projects currently in development and planning are built. The US offshore wind pipeline reached 52,687 MW at the end of May 2023, with two offshore wind farms... Continue Reading →
(Reuters) The bosses of Portuguese utility EDP and oil company Galp on Tuesday warned the government the guaranteed price of the power generated will be key to preventing the first auction of floating offshore wind farms from failing like a recent one in Britain. Portugal's first auction for floating offshore wind farms, set to be... Continue Reading →
(OW) The US will need around USD 36 billion (around EUR 34 billion) over the next decade to meet the nation’s offshore wind port infrastructure gap, according to a report released by the Business Network for Offshore Wind. The report, called Building a National Network of Offshore Wind Ports: A $36B Plan for Domestic Clean Energy... Continue Reading →
(OE) Principle Power, a provider of floating foundation solutions for the floating wind industry, said Tuesday it had expanded its WindFloat product portfolio to two fully industrialized products: the existing WindFloat tubular design – now called WindFloat T – and the new flat panel, pontoon-based solution, known as the WindFloat F. Principle Power said both... Continue Reading →
(Reuters) - The Biden administration will complete its ambitious offshore wind leasing schedule on time next year, the Interior Department told Reuters, despite delays to preparatory work for the auctions and sagging demand from the industry. President Joe Biden’s White House is depending on rapid adoption of offshore wind to help decarbonize the U.S. power... Continue Reading →
(OE) Maersk Supply Service has secured a contract extension in Angola for its Subsea Support Vessel Maersk Involver for an additional 15 months. The Danish vessel owner said Monday that under the extended contract, the vessel and crew would support various subsea operations off the coast of Angola. "We truly appreciate and value the continued... Continue Reading →
(OE) Danish engineering group Ramboll has joined the Global Offshore Wind Alliance, a public-private forum working to accelerate global offshore wind capacity. Founded by the Government of Denmark, the International Renewable Energy Agency (IRENA), and the Global Wind Energy Council (GWEC), GOWA brings together 14 countries and key actors in the wind industry around the shared... Continue Reading →
(OE) The U.S. Bureau of Ocean Energy Management (BOEM) said Monday it had completed its environmental review of the proposed 3GW Coastal Virginia Offshore Wind (CVOW) commercial project, which BOEM estimates could power about 1 million households, if approved. “The completion of our environmental review marks another step towards a clean energy future—one that... Continue Reading →
(Reuters) The last major piece of infrastructure needed to start production at Mexico's first floating liquefied natural gas (LNG) plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers. LNG developer New Fortress Energy is planning to begin production at the 1.4-million-tons-per-year floating plant... Continue Reading →
(Reuters) - Chevron Corp (CVX.N) plans to add 65,000 barrels per day (bpd) of Venezuelan oil output by the end of 2024 through its first major drilling campaign in the nation since Washington allowed it to restore production clipped by U.S. sanctions, three people familiar with the matter said. The effort could help Venezuela keep lifting crude... Continue Reading →
Brazil Energy Insight 