Search results for: bp

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  • Westwood: 40 Pct of Pre-FID Offshore Wind Projects Potentially at Risk

    29 January 2024
    Business & Finance, Fixed-Bottom, Floating Wind, Industry, Market Outlooks, Planning & Permitting

    A new analysis from Westwood Global Energy Group found that nearly 40 per cent of the 380 GW of pre-sanctioned offshore wind projects that are expected to reach a final investment decision (FID) between 2024 and 2030 may be at risk. The offshore wind farms currently in the pre-FID stage, totalling 380 GW in generation […]

  • US Company Boosts Survey Capabilities on West Coast

    6 February 2024
    Business & Finance, Business development, Research & Development

    The international marine environmental consulting and survey company, CSA Ocean Sciences, has been granted a non-exclusive General Offshore Geophysical Survey permit which allows the firm to conduct low-energy marine surveys within a three-mile zone from the mean high tide line along California’s coast. The permit, granted by the California State Lands Commission (CSLC), allows CSA […]

  • Ørsted Terminates Skipjack Wind Offtake Agreement Amid ‘Challenging Market Conditions’

    26 January 2024
    Authorities, Business & Finance, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    Ørsted has unveiled that it is pulling out of an offtake agreement with the State of Maryland for its 966 MW Skipjack Wind offshore wind project in the US. Following consultation with the State of Maryland, Ørsted has withdrawn from the Maryland Public Service Commission Orders approving the Skipjack 1 and 2 offshore wind projects. […]

  • Shell Exits US Offshore Wind Project, Sells Stake to Ocean Winds

    21 March 2024
    Business & Finance, Project Updates, Wind Farm Update

    Shell New Energies, a subsidiary of Shell, has sold its 50 per cent equity share in SouthCoast Wind Energy, established in 2018 to develop wind projects off the coast of Massachusetts, to its joint venture partner Ocean Winds North America for an undisclosed sum. According to Shell, the deal with Ocean Winds was structured to […]

  • Countdown Begins: Offshore Energy Exhibition & Conference 2023 Opens in One Week

    21 November 2023
    Business & Finance, Business development, Fixed-Bottom, Floating Wind, Grid Connection, Industry, Infrastructure, Jobs & Recruitment, Operations & Maintenance, Outlook & Strategy, Planning & Permitting, Ports & Logistics, Power-to-X, Project Updates, Supply Chain, Technology, Vessels

    Industry giants, experts, policymakers, innovators and start-ups from the offshore energy sector will meet at the Offshore Energy Exhibition & Conference 2023 (OEEC 2023) in Amsterdam one week from now. The backdrop to two full days of discussions, insights and updates is the exhibition floor that will be home to companies and technologies that push […]

  • New York City Greenlights Empire Wind O&M Base Design

    2 February 2024
    Authorities, Fixed-Bottom, Operations & Maintenance, Planning & Permitting, Ports & Logistics, Project Updates

    The New York City Public Design Commission (PDC) has approved Equinor’s design for the offshore wind operations and maintenance (O&M) building that the developer of the Empire Wind projects plans to build at the South Brooklyn Marine Terminal (SBMT). The O&M base would be New York’s first-ever purpose-built facility of this kind, according to Equinor. […]

  • Live from Offshore Energy Exhibition & Conference 2023

    29 November 2023
    Business & Finance, Business development, Environment, Floating Wind, Grid Connection, Industry, Infrastructure, Outlook & Strategy, Planning & Permitting, Ports & Logistics, Power-to-X, Project Updates, R&D, Supply Chain, Technology

    Welcome to the Live Blog! #OEEC2023 in a nutshell. Enjoy the highlights of the event in this video: Thanks to all participants, partners, sponsors and media partners for making this event such a great success! See you next year on 26 & 27 November 2024! Drinks at Navingo stand Offshore Energy Exhibition & Conference is almost coming […]

  • Significant Offshore Wind Growth Brings Fugro Strong Start of the Year

    26 April 2024
    Business & Finance, Business development, Outlook & Strategy, Vessels

    In what is described as a “strong start of the year”, Dutch geo-data specialist company, Fugro, reported a 9 per cent revenue growth for the first quarter of 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quarter was EUR […]

  • Ten Most Read News on OffshoreWIND.biz in 2023

    1 January 2024
    Business & Finance, Contracts & Tenders, Fixed-Bottom, Industry, Operations & Maintenance, Planning & Permitting, Project Updates, Supply Chain, Technology, Wind Farm Update, Wind Turbines

    Updates on wind turbine technology and new offshore wind projects, including those facing major challenges, marked 2023 on offshoreWIND.biz. In the article below, we have compiled our ten most-read news last year, together with some of their related updates and stories. In February 2023, Vestas revealed plans to scale up a new chemical process that […]

  • ‘Collaborate with Non-Obvious Partners’ – Offshore Energy Industry Talks Innovation and Speeding Things Up 

    30 November 2023
    Business & Finance, Business development, Collaboration, Environment, Fixed-Bottom, Floating Wind, Grid Connection, Industry, Operations & Maintenance, Outlook & Strategy, Planning & Permitting, Ports & Logistics, Power-to-X, Project Updates, Supply Chain, Transition

    The offshore wind industry, now the linchpin between several offshore energy industries, is calling for both innovation and accelerating deployment, while also making sure one does not impede the progress of the other.  

  • New York Rejects Bids to Renegotiate Offshore Wind Contracts

    13 October 2023
    Authorities, Business & Finance, Contracts & Tenders, Fixed-Bottom, Industry, Planning & Permitting

    The New York State Public Service Commission has denied petitions filed by a group of offshore wind developers and a state renewable energy trade association seeking financial relief for four proposed offshore wind projects and 86 land-based renewable projects. The petitions denied were submitted by Empire Offshore Wind LLC and Beacon Wind LLC, Sunrise Wind […]

  • New York Readies for Potential Offshore Wind Project Cancellations

    13 October 2023
    Authorities, Industry, Planning & Permitting

    New York Governor Kathy Hochul has announced the release of a new 10-Point Action Plan to expand and support the growing large-scale renewable energy industry in the state. One of the plan’s points outlines that the New York State Energy Research and Development Authority (NYSERDA) plans to launch an accelerated renewable energy procurement process for […]

  • Ørsted and SMC Extend Offshore Wind Cooperation

    10 October 2023
    Contracts & Tenders, Operations & Maintenance, Supply Chain

    UK-based Specialist Marine Consultants (SMC) has been awarded two contracts by Ørsted to continue delivering structural inspections above water (SIAW) across the company’s offshore wind portfolio. The SIAW contracts, which will run until 2026, will see SMC continue to deliver inspection and maintenance works of external, internal, and confined space areas of the foundation, transition […]

  • Avangrid Terminates Power Purchase Agreements for Another US Offshore Wind Project

    3 October 2023
    Business & Finance, Contracts & Tenders, Fixed-Bottom, Industry, Market Outlooks, Outlook & Strategy, Planning & Permitting, Project Updates, Supply Chain, Wind Farm Update

    Avangrid, a member of the Iberdrola Group, and the Connecticut Electric Distribution Companies have agreed to terminate power purchase agreements (PPAs) for the Park City Wind offshore project. The developer said it plans to rebid the 804 MW Park City Wind in the upcoming auctions. ”One year ago, Avangrid was the first offshore wind developer […]

  • SMST Equipment for Edison Chouest Offshore’s SOV Newbuild

    18 September 2023
    Vessels

    Scotland-based Marine Procurement Ltd (MPL) has awarded SMST a contract for the delivery of a 5-tonne motion-compensated crane for Edison Chouest Offshore’s (ECO) service operation vessel (SOV). The motion compensated crane (M-Series) for the newbuild vessel will be delivered in the fourth quarter of 2024.  “SMST has an impressive track record and we are convinced that the […]

  • US to Soon Decide on Whether to Give Go-Ahead to Empire Wind 1 & 2 Offshore Wind Farms

    11 September 2023
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    The US Bureau of Ocean Energy Management (BOEM) has completed the environmental review of the Empire Wind 1 & 2 offshore wind farms, proposed to be built offshore New York by a joint venture of BP and Equinor, and plans to issue a Record of Decision (ROD) on whether to approve the project this autumn. […]

  • DORIS to Support BP’s Offshore Wind Developments

    6 September 2023
    Business & Finance, Contracts & Tenders, Supply Chain

    DORIS has been awarded a framework agreement by BP for the provision of engineering services to the company’s offshore wind projects. Across the five-year agreement, DORIS will provide engineering for scopes such as concept development, pre-FEED, FEED, and detailed design. The support provided by DORIS and its strategic partner Turner & Townsend will enable the […]

  • Ocean Infinity to Survey Equinor’s Floating Wind Area Offshore US

    18 September 2023
    Contracts & Tenders, Floating Wind, Project Updates, Supply Chain

    Equinor Wind US has hired Ocean Infinity for survey work on one of the first-ever floating offshore wind farms on the US West Coast. Under the terms of this contract, Ocean Infinity will undertake a comprehensive site investigation survey using multiple AUVs (Autonomous Underwater Vehicles) simultaneously for Equinor’s floating offshore wind lease area – OCS-P […]

  • POSCO, Equinor Pen Offshore Wind MoU in South Korea

    15 September 2023
    Business development, Collaboration, Outlook & Strategy, Research & Development, Supply Chain

    POSCO International and Norway-based Equinor have signed a Memorandum of Understanding (MoU) to explore opportunities related to the development of offshore wind in South Korea. POSCO International and Equinor will explore various initiatives under the agreement which include potential joint ventures and joint investment in projects within offshore wind including the Firefly/Bandibuli floating wind project […]

  • New York Offshore Wind Developers Ask for Inflation-Related Price Relief, NYSERDA Argues Some Requests ‘Not Tied to Inflationary Pressures’

    1 September 2023
    Authorities, Business & Finance, Wind Farm Update

    This summer, the developers of the Sunrise Wind (Ørsted and Eversource) and Empire Wind 1 & 2 and Beacon Wind projects (Equinor and BP) filed petitions with the New York State Public Service Commission (PSC), seeking price adjustments to their contracts with the New York State Energy Research and Development Authority (NYSERDA). In response to […]

  • Deep Wind Welcomes New Offshore Wind Investor

    7 September 2023
    Business & Finance, Collaboration, Outlook & Strategy

    Offshore wind developer, Deep Wind Offshore, has secured Octopus Energy as a new investor to accelerate international expansion and strengthen Norwegian projects, according to the company. Octopus Energy will join the ownership side of the company, Deep Wind Offshore said, together with the existing industrial owners Knutsen OAS, Haugaland Kraft, and SKL. Deep Wind Offshore […]

  • Dominion Energy Says 2.6 GW Virginia Offshore Wind Farm On Budget and Schedule, Plans to Bring In Project Partner

    7 September 2023

    While a number of US offshore wind projects are now seeking to alleviate financial pressures, Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind (CVOW) commercial project remains on budget and on schedule, according to the company, which also plans to bring in a minority shareholder to “de-risk” the project. On 5 September, Dominion announced that […]

  • BP and Equinor Could Cancel US Offshore Wind Projects

    1 August 2023
    Business & Finance, Business development, Wind Farm Update

    BP and Equinor are in the process of renegotiating the power purchase agreements (PPAs) for their joint offshore wind projects in the USA, according to Reuters. The partners do not plan on developing the projects off the US East Coast unless they meet the ”return thresholds of 6% to 8%”, Reuters quoted bp’s CEO Bernard […]

  • Germany Awards Four More Offshore Wind Sites for EUR 784 Million

    10 August 2023
    Authorities, Business & Finance, Wind Farm Update

    After awarding four offshore wind areas to BP and TotalEnergies for EUR 12.6 billion through its first dynamic bidding process last month, the German Federal Network Agency (BSH) has now awarded further sites for a total of EUR 784 million in the process organised for four centrally pre-investigated areas. Three of the new four areas […]

  • Great Lakes Inks First Rock Supply Deal For US Offshore Wind Farm

    27 July 2023
    Contracts & Tenders, Wind Farm Update

    Great Lakes Dredge & Dock Corporation (Great Lakes) has signed the first-ever subcontract for the procurement of rock for a wind farm offshore the US with Carver Sand & Gravel LLC (Carver), a US quarry in the state of New York. Through this subcontract, Great Lakes will use rock produced in New York to provide […]

  • Huisman Monopile Installation Kit for Seaway7’s Next-Generation Jack-Up Vessel

    2 August 2023
    Infrastructure, Vessels

    Huisman has been awarded a contract by Seaway7, part of Subsea7 Group, for the delivery of the entire monopile installation spread for the jack-up vessel Seaway Ventus, which is currently being built by China Merchants Heavy Industry (CMHI). Under the contract, Huisman will deliver a monopile gripper, an upending frame, and two sets of monopile […]