offshore wind – Oil & Gas 360

North Star lands commissioning SOV contract, key role in Europe offshore wind work

October 15, 2024

(World Oil) – North Star has secured its first contract for a commissioning service operation vessel (CSOV), a second award with EnBW, further establishing the company’s growing presence in the European offshore wind sector. This award for the newbuild Grampian Kestrel CSOV (of VARD 4 22 design), will precede the decade-long minimum charter contract the firm signed in February to

Offshore wind industry growth falling short of net zero goals

June 29, 2022

Nasdaq The global offshore wind industry had a record year in 2021 in terms of new capacity but is still projected to fall short of the International Energy Agency’s net zero goals by 2030, a Global Wind Energy Council (GWEC) report said on Wednesday. More giant offshore turbines were installed in 2021 than in any previous year, with 21.1 gigawatts

Offshore wind powerhouse Siemens Gamesa sees its value nearly halve in a year

February 3, 2022

CNBC Siemens Gamesa Renewable Energy has cut its guidance for the coming year after a turbulent period that has seen its market capitalization nearly halve. The wind turbine manufacturer on Thursday said it continued to be “challenged by market dynamics,” as supply chain disruptions weighed on results. Between October and December 2021, the company said revenue fell to 1.83 billion euros

Big Oil’s move to offshore wind risks inflating seabed prices – Orsted

June 21, 2021

Reuters COPENHAGEN – The world’s largest offshore wind developer Orsted ORSTED.CO is concerned that Big Oil’s eagerness to harness wind at sea could push up prices for seabed leases, making the technology less competitive, its chief executive told Reuters. European oil firms including Total TOTF.PA, BP BP.L, Equinor EQNR.OL and Shell RDSa.L have all outlined plans to speed up investments in renewables, including offshore wind, as

Orsted plans $57 billion drive to be No.1 in green energy

June 2, 2021

Reuters COPENHAGEN -Orsted, the world’s largest offshore wind farm developer, is ramping up its investment in renewables to $57 billion by 2027, seeking to become a global leader in green energy and fend off growing competition. The Danish firm, which sold its oil and gas business in 2017, has benefited hugely from policies to implement the 2015 Paris Agreement, a

Banking on the Biden boom: Siemens Energy pins hopes on U.S.

April 9, 2021

Reuters FRANKFURT – German engineering group Siemens Energy wants its slice of the $2.3 trillion U.S. President Joe Biden plans to spend on infrastructure, including power grids and renewables, as the company targets higher sales in its biggest market. “We see great opportunities for wind energy, onshore but above all in the area of offshore,” Tim Oliver Holt, who is

Biden admin aims for U.S. leadership in offshore wind: official

April 1, 2021

Reuters The Biden administration aims to transform the United States into the world’s leading producer of energy from offshore wind after years of lagging behind Europe, a senior official said on Wednesday. President Joe Biden’s cabinet earlier this week unveiled a plan to boost the industry that promised new acreage, faster permitting, and billions of dollars in financing – part

Houston company to build first U.S. vessel to support offshore wind boom

December 3, 2020

Reuters WASHINGTON – A Houston-based company said on Thursday it will build the first U.S. flagged vessel to install offshore wind projects off the east coast of the United States in preparation for an expected construction boom in the nascent industry. Great Lakes Dredge & Dock Corporation said the vessel for subsea rock installation would comply with the 100-year old

Denmark’s Ørsted Wins Biggest Offshore Wind Contract in U.S. History

June 26, 2019

From Workboat By Kirk Moore Offshore wind energy developer Ørsted was awarded a 1,100-megawatt commitment from the state of New Jersey Friday for its Ocean Wind project off Atlantic City, the single largest award to date for the budding U.S. industry. “After so many years New Jersey is finally open for business as far as offshore wind is concerned,” said Joseph Fiordaliso, president of the

Federal Offshore Wind Sale Rivals Oil & Gas with a Record $405 Million in Winning Bids

December 17, 2018

From Marine Log Friday’s BOEM offshore wind lease sale of some 390,000 acres offshore Massachusetts drew competitive winning bids from three companies, totaling approximately $405 million. That was way more than the previous highest grossing offshore wind lease sale in December 2016 for the lease area offshore New York that received a winning bid of over $42 million. It was

Statoil Involved in World’s First Floating Wind Farm

March 21, 2016

Norwegian E&P Hopes to Make Wind Profitable When oil major Statoil (ticker: STO; StatOil.com) acquired Brigham Exploration in 2011, the Norwegian company became a major operator in the Williston basin, with approximately 330,000 net acres in the play and an extensive gathering system including three operating oil facilities, seven operating saltwater disposal facilities, approximately 700 miles of pipeline and ten

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