Energy

In 2023, Bernhard Schulte Offshore ordered the design and construction of two such vessels from Ulstein, a contract which included options for two + two vessels. These options have been transferred to institutional investors advised by J.P. Morgan Asset Management, who declared the first two.

Oceantic Network, the leading organization working to advance offshore wind and other ocean renewable industries and their supply chains, will host its annual OSW O&M/Health & Safety Summit beginning Thursday, January 18 in Virginia Beach, Virginia.

Copenhagen Infrastructure Partners (CIP), a global leader in greenfield renewable energy investments, and Avangrid, Inc. a leading sustainable energy company and member of the Iberdrola Group, announces that power from the Vineyard Wind project was delivered to the New England grid for the first time.

Equinor and bp have announced an agreement with the New York State Energy Research and Development Authority (NYSERDA) to terminate the Offshore Wind Renewable Energy Certificate (OREC) Agreement for the Empire Wind 2 project, an offshore wind project in the US with potential generative capacity of 1,260 MW.

SolarDuck is excited to announce that it has secured additional funding for the development and deployment of Offshore Floating Solar power technology. This funding sets the company on a path of continued growth, able to further build on its leading position in the Offshore Floating Solar Energy industry, to deliver its first commercial projects and increase its impact as the company works towards its goal of deploying over 1 GW of offshore generated solar electricity by 2030.

The success of the EU-funded Ocean DEMO project has been celebrated in a new video and website which highlight the achievements of technology developers and innovators and the progress being made in the ocean energy industry.

In line with its renewables business model, TotalEnergies has signed an agreement with Thailand’s national oil and gas company PTTEP for the sale of a 25.5% equity stake in the Seagreen offshore wind farm for a consideration of £522 million ($689 million). Following this farm down, TotalEnergies retains 25.5% of Seagreen, alongside PTTEP (25.5%) and SSE Renewables (49%).

As required by the Inflation Reduction Act, the Bureau of Ocean Energy Management (BOEM) on December 20, 2023, held the Gulf of Mexico Oil and Gas Lease Sale 261.

Building on the success of their collaboration on the ReLACs project, ZX Lidars and sowento have embarked on a further, new initiative to demonstrate the benefits of ZX Continuous Wave (CW) Lidars for Lidar Assisted Control (LAC).

James Fisher and Sons plc (James Fisher) confirms it has secured a multi-million-pound contract at Triton Knoll offshore transmission (OFTO) project located in Lincolnshire, with the offshore platform 20 miles off the coast in the North Sea. James Fisher Renewables will provide complete end-to-end operations and maintenance (O&M) services to support informed decision-making for the OFTO, owned by funds managed by Equitix and TEPCO Power Grid UK.

Gazelle Wind Power (Gazelle), the developer of a next-generation floating offshore wind platform, and Tugdock, developers of the world’s first road-transportable floating dry dock known as the Tugdock Submersible Platform, have signed a Memorandum of Understanding to co-develop a modular offshore wind assembly system, that is expected to dramatically drive down costs and increase production of floating offshore wind farms.

The Bureau of Ocean Energy Management (BOEM) has announced it will conduct a regional environmental review of potential development activities on the five offshore wind lease areas off California’s central and north coasts.