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Business & Finance

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European Floating LiDAR, Energy Intelligence Providers Join Forces in Brazilian Offshore Wind Market
Business & Finance

European Floating LiDAR, Energy Intelligence Providers Join Forces in Brazilian Offshore Wind Market

TGS, an energy data and intelligence provider based in Norway and the US, and EOLOS, a floating LiDAR technology provider based in Spain, have partnered to offer wind and metocean measurement campaigns in Brazil. Within the partnership, TGS will manage client contracts, campaign design, deployment a

about 1 year ago
TenneT Seeks Certification for 2GW HVDC Platform
Business & Finance

TenneT’s 2 GW Contract Termination Derails Petrofac’s Restructuring Plans

Petrofac’s planned financial restructuring can no longer proceed as originally intended following the termination of its scope of work by TenneT for an offshore wind project, the company announced on 23 October. Petrofac said that its board has determined that the restructuring, which had reached an

about 1 year ago
AFRY Nets Technical Consultancy Framework Agreement with Vattenfall
Business & Finance

AFRY Nets Technical Consultancy Framework Agreement with Vattenfall

AFRY has secured a new framework agreement with Vattenfall, under which the engineering consultancy company will be delivering technical consultancy services to the renewable energy developer. The agreement entails AFRY providing services across multiple competence areas and regions within Vattenfal

about 1 year ago
Kajima Inks Foundation Contract for 315 MW Japanese Offshore Wind Farm
Business & Finance

Kajima Inks Foundation Contract for 315 MW Japanese Offshore Wind Farm

Oga Katagami Akita Offshore Green Energy has signed a contract with Kajima Corporation for the manufacturing, procurement, transportation, and installation of turbine foundations for the company’s offshore wind project in Japan. The contract covers the core construction of the wind turbine foundatio

about 1 year ago
Turkish-Built, Methanol-Powered Subsea Vessel Faces Deferred Delivery
Business & Finance

Turkish-Built, Methanol-Powered Subsea Vessel Faces Deferred Delivery

The delivery of a next-generation subsea vessel being built at the Turkish Sefine Shipyard for Norway’s Eidesvik Offshore and Agalas has been delayed for the third quarter of 2026, instead of the initial plan for early next year. The 100-metre-long Viking Vigor will be powered by methanol and, upon

about 1 year ago
USD 475 Million WTIV Dispute Pushes Seatrium, Maersk Offshore Wind to Arbitration Table
Business & Finance

USD 475 Million WTIV Dispute Pushes Seatrium, Maersk Offshore Wind to Arbitration Table

Singapore’s Seatrium has received a notice of arbitration from Maersk Offshore Wind concerning the dispute over the termination of a contract for a wind turbine installation vessel (WTIV), planned to be deployed on Equinor’s Empire Wind offshore wind project in the US. Seatrium Energy International

about 1 year ago
Haesong Kepco
Business & Finance

Haesong Offshore Wind, KEPCO Partner on Smart Fault Detection Tech for Subsea Cables

South Korea’s Haesong Offshore Wind has signed a Memorandum of Understanding (MoU) with Korea Electric Power Corporation (KEPCO) to introduce Smart Fault Locator (SFL) technology for submarine cable fault detection. The Haseong Offshore Wind 1-3 projects are managed and funded by Copenhagen Infrastr

about 1 year ago
‘World’s Largest’ Cable Laying Vessel Launches, Sea Trials on Schedule
Business & Finance

‘World’s Largest’ Cable Laying Vessel Launches, Sea Trials on Schedule

Jan De Nul has launched its first XL cable-laying vessel (CLV), Fleeming Jenkin, with the final vessel construction phase now starting, including sea trials. Jan De Nul announced in October 2023 that it had placed an order for Fleeming Jenkin at China’s CMHI Haimen shipyard, followed by an order for

about 1 year ago
SMST Mission Equipment for Two North Star SOVs Reserved by RWE
Business & Finance

SMST Mission Equipment for Two North Star SOVs Reserved by RWE

Norwegian shipbuilder Vard has ordered two sets of mission equipment from the Netherlands-based SMST for two of North Star’s newbuild service operation vessels (SOVs), which will serve RWE under a long-term charter agreement. The new contract follows an equipment order SMST received from Vard in 202

about 1 year ago
Malaysian Oil & Gas Player Launches Centre for Offshore Renewable Energy
Business & Finance

Malaysian Oil & Gas Player Launches Centre for Offshore Renewable Energy

Malaysian oil and gas company Petronas, in partnership with Universiti Malaysia Terengganu (UMT), has launched the Centre for Offshore Renewable Energy (CEFORE). Located off the coast of Kuala Terengganu, CEFORE aims to generate electricity by harnessing offshore wind, solar, and wave energy, and in

about 1 year ago
Moray West Ocean Winds Cadeler
Business & Finance

Ocean Winds Extends Partnership with Spinergie to Enhance Offshore Wind Operations

The offshore wind developer Ocean Winds has renewed its Market Intelligence contract with Spinergie for the third consecutive year to strengthen fleet analysis and project benchmarking. Spinergie’s Market Intelligence platform provides real-time and historical insight into global installation and ma

about 1 year ago
BP Jera
Business & Finance

JERA Nex BP to Withdraw from US Offshore Market, Halts Beacon Wind Investment

JERA Nex BP, a joint venture between JERA and BP, has decided to reduce its activities in the US to a minimal level and will close its operating activities in the market. As a result of this decision, all team members will leave JERA Nex BP in the coming months, according to the company, which [&hel

about 1 year ago
Japan, Taiwan Wind Associations Partner to Advance Offshore Wind in Asia
Business & Finance

Japan, Taiwan Wind Associations Partner to Advance Offshore Wind in Asia

The Japan Wind Power Association (JWPA) has signed a Memorandum of Understanding (MoU) with the Taiwan Offshore Wind Industry Association (TOWIA) to promote collaboration in the offshore wind sector and advance industry development across the Asian region. According to JWPA, this MoU establishes a f

about 1 year ago
Vestas Puts Polish Offshore Wind Turbine Factory on Hold
Business & Finance

Vestas Puts Polish Offshore Wind Turbine Factory on Hold

The Danish wind turbine manufacturer, Vestas, has decided to put on hold its plans to open its biggest factory in Poland, as European demand falters, according to Reuters. In 2024, Vestas announced that it would build a second offshore wind turbine manufacturing facility in Poland. The factory, whic

about 1 year ago
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