US offshore driller requests judge block insurers' demand for $250 million collateral
W&T Offshore is an independent driller in the U.S. Gulf of Mexico. It has asked a federal court to block the insurance companies' demand for $250 million additional collateral in exchange for tearing down old oil infrastructure.
US offshore driller requests judge block insurers' demand for $250 million collateral
W&T Offshore is an independent driller in the U.S. Gulf of Mexico. It has asked a federal court to block insurance company demands for additional collateral of $250 million for tearing down old oil infrastructure.
NOIA Reacts as BOEM Announces Next Steps for GoM Oil & Gas
National Ocean Industries Association (NOIA) President Erik Milito issued the following statement after the Bureau of Ocean Energy Management (BOEM) released the Draft Programmatic Environmental…
BOEM ID's Environmental Measures for NY Bight Wind
In support of the Biden-Harris administration’s goal of deploying 30 gigawatts (GW) of offshore wind energy capacity by 2030, the Bureau of Ocean Energy Management (BOEM) today issued a…
Earnings of French utility Engie in the third quarter jump 18%
The French utility Engie reported a 18% increase in its third-quarter earnings, citing a strong output of renewable energy and hydropower as well as an increased profit from infrastructure and investments.
US Gulf of Maine Offshore Wind Auction draws only $22 Million in Bids
The U.S. Bureau of Ocean Energy Management announced on Tuesday that the offshore wind development rights offered in the Gulf of Maine attracted bids of $21.9 million for the first half of eight areas.
Equinor and Dominion win US Central Atlantic Offshore Wind Auction
The Interior Department announced on Tuesday that Equinor, a Norwegian company, and Dominion, a U.S.-based power company, were the successful bidders at an auction by the U.S. Government…
France's Engie Surprises with Higher assistance
tax (EBIT), leaving out nuclear, to 5.6 billion euros ($ 6.05. billion).Revenues a year ago at Engie, the largest gas network. operator in Europe, had gained from high regional gas rates.
Offshore Energy Production & the World Economy
As the price of gas continues to seemingly hold steady at around three dollars a gallon, the pocketbooks of Americans continue to suffer. Regretfully, due to global conflict and the outbreak…
MTR100: For USVs and AUVs, is it a Hydrogen Future?
Hydrogen has been making big headlines in the energy world. It’s one of the potential routes to deliver high density energy to transport and heavy industry – but also to marine applications…
Battery-Electric Surge: ESS Scales Up in Maritime
Ask the right government department in any G7 state and you’ll find funding to put battery power for your vessel. Beyond funds, new battery makers and system integrators are ironing out safety issues…
Energy @ Sea: Powering Up in the Blue Desert
Last year marked the beginning of the United Nations Decade of Ocean Science for Sustainable Development, lasting from 2021 until 2030. With 10 years comes 10 challenges—goals for regional…
Japan's JERA, France's ADEME, Ideol in Floating Wind Pact
Japanese power generator JERA said on Monday it has agreed with France's state-owned investment firm ADEME Investissement and French floating wind technology supplier Ideol on key terms…
Offshore Wind Firm Orsted Beats Profit Forecasts
Orsted beat first-quarter profit expectations on Wednesday and said the coronavirus would not "materially" hit earnings this year although it might slow U.S.
Wartsila Says Share of Renewable Energy Up Rapidly Amid COVID-19
Finnish ship technology and power-plant maker Wartsila said on Tuesday the coronavirus outbreak has caused the share of renewable energy in Europe's power production to increase rapidly.The…
Coastal Virginia Offshore Wind Turbine Components En Route to U.S.
Dominion Energy and Ørsted have said that the turbine components and monopiles for the Coastal Virginia Offshore Wind (CVOW) pilot project have started their journey to North America. The foundations…
OWC to Develop Ground Model for U.S. Offshore Wind Farm
OWC, formerly known as Offshore Wind Consultants Ltd, has won a contract with an undisclosed developer to develop a ground model for a US offshore wind project and its cable route. Will Cleverly…
U.S. Offshore Oil Lease Sale Weakest Since 2016
A major sale of oil and gas leases in the U.S. Gulf of Mexico on Wednesday generated $93 million in high bids, the lowest total for any U.S. offshore auction since 2016, reflecting caution…
ABB Bags DolWin5 Gig
Swiss-Swedish multinational corporation ABB has won EUR10.6 million order for digital products and services to support the DolWin5 (Epsilon) offshore grid connection project in Germany.According…
Gulf of Mexico Lease Sale Set for March
U.S. Secretary of the Interior David Bernhardt announced that the Bureau of Ocean Energy Management (BOEM) will offer over 78 million acres for a region-wide lease sale scheduled for March 18…
