Energy

Prysmian Group, a world leader in the energy and telecom cable systems industry, has been awarded a contract worth approximately €30 million by PGL (Provence Grand Large), a floating offshore wind farm project located in South France, which is part of EDF Renewables, for the development of a turn-key submarine cable system.

On 7 March 2019, Sen. Mike Lee (R-UT) introduced the Open America’s Water Act of 2019 Thursday, a bill which would repeal the Jones Act and allow all qualified vessels to engage in domestic trade between U.S. ports.

The Business Network for Offshore Wind (“the Network”) announces that offshore wind industry leaders will headline the sixth annual International Partnering Forum (IPF), the #1 technical conference in the U.S. dedicated to moving the nation’s offshore wind industry forward.

Like generals planning for the last war, oil company managers and government inspectors tend to believe that because they survived the 2010 BP Deepwater Horizon oil spill, they are ready for all contingencies. Today they are expanding drilling into deeper and deeper waters, and the Trump administration is opening more offshore areas to production.

The United States will drive global oil supply growth over the next five years thanks to the remarkable strength of its shale industry, triggering a rapid transformation of world oil markets according to the International Energy Agency’s annual oil market forecast. By the end of the forecast, oil exports from the United States will overtake Russia and close in on Saudi Arabia, bringing greater diversity of supply.

A statement from National Ocean Industries Association (NOIA) on President Donald Trump’s 2020 Budget endorses the overall vision, while rejecting certain specific elements.

One year after entering the Australian wind energy market, Alpha Offshore Service has successfully completed its first 10 projects in the area.

Eni announces a major oil discovery in Block 15/06, in the Agogo exploration prospect, in Angola’s deep water. The new discovery is estimated to contain between 450 and 650 million barrels of light oil in place with further upside.

In support of President Donald J. Trump’s America-First Offshore Energy Strategy, Interior’s Assistant Secretary for Land and Minerals Management Joe Balash and Bureau of Ocean Energy Management Acting Director Walter Cruickshank have announced that BOEM proposes to offer 78 million acres for a region-wide lease sale scheduled for August 2019. The sale would include all available unleased areas in federal waters of the Gulf of Mexico.

President Donald Trump has proposed a $193.4 million Fiscal Year (FY) 2020 budget for BOEM to safely and responsibly manage offshore energy and mineral resources.

Energi Coast, North East England’s offshore wind cluster, has declared the region’s supply chain ‘fit and ready’ to support the growth of the industry following the announcement of the Sector Deal for the offshore wind industry.

The quest for clean energy sources has been ongoing for many years, with minimal results. This could all change with the development of a single device that will lie on the water’s surface and utilize the ocean waves to generate electrical power.