Energy

Marine services company Malin Renewables continues to strengthen its experience in the renewables sector, having secured a £1m contract to supply a fifty-tonne wave energy converter.

Floating Wind Solutions Conference & Exhibition 2021 will showcase the many capabilities of the established Global Offshore Supply Chain and create a platform for bridging Supply and Demand while facilitating development of this industry.

The global offshore wind projects that are set to start-up this year will make 2020 the year with the highest ever use of steel jacket foundations for new developments, a trend led by the UK and that is here to stay, a recent analysis by energy knowledge house Rystad Energy showed.

DecomWorld – part of Reuters Events- has released a sample delegate list of 150 E&P attendees confirmed to attend their flagship decommissioning and abandonment summit.

Ørsted and Eversource have signed a memorandum of understanding with ThayerMahan, a Groton-based marine robotics and maritime surveillance company that will monitor wildlife and seabeds in connection with the Revolution Wind offshore wind project.

Just as many parts of the world are far ahead of the United States in the transitioning to renewable energy, some states are ahead of others when it comes to embracing and moving toward sustainable and renewable energy. An illustration of energy independence progress in Rhode Island, the first state to have an offshore wind farm that has been operational for two years.

On Tuesday, February 11, 2020, the White House called for increased spending on efforts to manage the growth of offshore renewable energy development – including offshore wind energy – in the U.S. The government’s proposed FY2021 budget includes a nearly $5 million dollar budget increase earmarked for offshore renewable energy in the Bureau of Ocean Energy Management (BOEM), a division of the Department of the Interior, to $26.5 million over the current $21.3 million.

Aquaterra Energy, a leader in global offshore engineering solutions, has secured a significant agreement from Chevron, through its wholly owned subsidiary in Angola, Cabinda Gulf Oil Company Limited (CABGOC), to design and support installation of a Sea Swift offshore platform solution off the coast of Angola.

Equinor has launched a new climate roadmap aiming to ensure a competitive and resilient business model in the energy transition, fit for long term value creation and in line with the Paris Agreement.

As the UK leaves the EU, ripple effects will be felt throughout the UK economy. For the oil and gas industry, changes will occur but the impact of Brexit is unlikely to hamper the strong industry ties that currently exist between the UK and the EU, says GlobalData, a leading data and analytics company.

Van Oord and Saare Wind Energy have agreed to combine their forces and mutually develop the Saaremaa offshore wind farm. Saare Wind Energy is an Estonian developer involved in developing the offshore wind farm, covering 154 square kilometers, south-west of the Estonian island Saaremaa.

Equinor has, on behalf of the partners ExxonMobil and Petrogal Brasil entered into Front End Engineering and Design (FEED) contracts with early commitments and pre-investments for phase 1 of the Bacalhau (formerly Carcará) area in Brazil. Contractors have been selected for both the SURF (Subsea, Umbilical, Risers and Flowlines) and the FPSO (Floating Production, Storage and Offloading) contracts.