The Biden administration continues to advance offshore wind development with its approval of the SouthCoast Wind Project, marking the nation’s 11th commercial-scale offshore wind initiative. This latest approval brings the...

By Jennifer A. Dlouhy Dec 20, 2024 (Bloomberg) –The Interior Department approved the 2.4-gigawatt SouthCoast Wind farm planned near the Massachusetts coast, marking likely the last offshore energy project of its kind to...

The Bureau of Ocean Energy Management (BOEM) has confirmed competitive interest in two offshore wind areas (WEAs) off the southeast Texas coast, following an unsolicited lease request from Hecate Energy...

W&T Offshore, an independent driller operating in the U.S. Gulf of Mexico, has asked a federal judge to block insurance companies' demands for $250 million in additional collateral for taking apart old oil infrastructure.

Europe is starting to find the limit of a decades-long boom in offshore wind. It can be seen most acutely in the places that have been quickest to build capacity. Countries like Denmark and Sweden are beginning to hit a wall as power prices and incentives drop too low to make building projects worth it. The latest example is a Danish government auction for offshore wind that failed to attract any bids.

The Bureau of Ocean Energy Management (BOEM) has released its Draft Programmatic Environmental Impact Statement (EIS) for Gulf of Mexico oil and gas lease sales. The announcement comes on the...

By Sanne Wass (Bloomberg) — Denmark received no bids in its largest-ever wind power tender, aimed to more than triple its offshore capacity by the end of the decade. The Danish...

The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has issued two major decisions advancing offshore wind development along the U.S. East Coast, despite potential headwinds from...

Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U.S. coast and on federal lands, according to two sources familiar with the plans.

By Mitchell Ferman (Bloomberg) — Oil and gas producers in the US will not raise output significantly in the coming years despite calls from President-Elect Donald Trump to “drill, baby, drill,”...

Off the coast of Mississippi, a startup has completed its first floating platform for offshore wind turbines. Aikido Technologies Inc.’s solution would allow companies to deploy traditional turbines further from land, where the wind tends to blow stronger and more consistently, and the company sees the Mississippi deployment as a big step toward commercialization.

Orsted A/S has launched the sale of a stake in one of the world’s biggest wind farms planned off the UK coast, according to people familiar with the matter.