Woodside has made a final investment decision to develop the large, high-quality Trion resource in Mexico. The expected returns from the development exceed Woodside’s capital allocation framework targets and deliver enduring shareholder value. First oil is targeted for 2028.
ABB introduces new Operational Planner module for its ABB Ability™ OCTOPUS – Marine Advisory System to help offshore fleet managers plan and optimize the maintenance of offshore wind farm operations.
On behalf of Copenhagen Infrastructure Partners (CIP), Managing Partner Jacob Baruël Poulsen on June 21, 2023, signed an Investment Notification Form in the presence of the Republic of Korea's President Yoon Suk-Yeol committing to investments of USD 350 million into offshore wind projects in Korea.
Eco Wave Power Global AB commends the California State Senate for unanimously passing California Senate Bill 605 – Wave and Tidal Energy (“SB 605”). The bill was unanimously approved in three separate policy committees: the Energy, Utilities and Communications Committee; the Natural Resources and Water Committee; and the Appropriations Committee.
Cadeler A/S (OSE: CADLR) (“Cadeler”) and Eneti Inc. (NYSE: NETI) (“Eneti”), two offshore wind turbine and foundation installation companies, announces that they have entered into a business combination agreement to combine (the "Combination") through a stock-for-stock exchange offer to be made to all stockholders of Eneti based on an exchange ratio of 3.409 Cadeler shares for each Eneti share (the “Exchange Offer”).
In an offshore wind cost inflation survey of industry players by Westwood Global Energy Group (Westwood), nearly three quarters of respondents indicated that they had begun to review the viability of their projects in light of recent cost increases, with over 90% indicating that decision making had slowed as a result.