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Bibby Marine Lays Keel for Groundbreaking Hybrid Methanol-Electric Vessel in Spain
Offshore
July 21, 2025
From 
Mike Schuler
 via 
gCaptain

Bibby Marine Lays Keel for Groundbreaking Hybrid Methanol-Electric Vessel in Spain

Bibby Marine has marked a significant milestone with the keel laying ceremony for its first e-CSOV (commissioning service operation vessel) at Armon Shipyard in Vigo, Spain. The hybrid vessel, the...
Chevron Wins Exxon Case But Loses Time, Oil And Billions
Offshore
July 19, 2025
From 
Reuters
 via 
gCaptain

Chevron Wins Exxon Case But Loses Time, Oil And Billions

By Arunima Kumar July 18 (Reuters) – Exxon Mobil XOM.N has lost its arbitration challenge to block Chevron’s CVX.N $55 billion Hess HES.N acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year,...
Cadeler Bags Long-Term Contract With Vestas as New Jack-Up Vessel Arrives Early
Offshore
July 18, 2025
From 
Mike Schuler
 via 
gCaptain

Cadeler Bags Long-Term Contract With Vestas as New Jack-Up Vessel Arrives Early

Offshore wind installation specialist Cadeler has taken delivery of its newest jack-up vessel, Wind Keeper, ahead of schedule and simultaneously secured a substantial long-term contract with wind turbine manufacturer Vestas....
New York Halts Offshore Wind Transmission Planning Amid Federal Permit Freeze
Offshore
July 18, 2025
From 
Reuters
 via 
gCaptain

New York Halts Offshore Wind Transmission Planning Amid Federal Permit Freeze

The New York State Public Service Commission has terminated its offshore wind transmission planning process due to stalled federal permitting, to protect state ratepayers from premature infrastructure costs, it said on Thursday.
Ørsted Secures $3 Billion Financing for Taiwan Offshore Wind Project
Offshore
July 11, 2025
From 
Mike Schuler
 via 
gCaptain

Ørsted Secures $3 Billion Financing for Taiwan Offshore Wind Project

Danish energy company Ørsted has successfully secured financial close on a TWD 90 billion (approximately USD 3 billion) project finance package for its 632 MW Greater Changhua 2 offshore wind...
China Ramps Up Offshore Wind Projects After Slowdown
Offshore
July 10, 2025
From 
Bloomberg
 via 
gCaptain

China Ramps Up Offshore Wind Projects After Slowdown

(Bloomberg) — China has rebuilt a substantial pipeline of offshore wind projects as the sector recovers from a slowdown that followed the end of national subsidies in 2021, according to...
Trump Signs Order to End Wind and Solar Subsidies Under ‘One Big Beautiful Bill’
Offshore
July 9, 2025
From 
Mike Schuler
 via 
gCaptain

Trump Signs Order to End Wind and Solar Subsidies Under ‘One Big Beautiful Bill’

President Donald J. Trump signed an Executive Order on Monday aimed at eliminating subsidies for wind and solar energy in furtherance of the recently enacted One Big Beautiful Bill Act...
Petronas To Drill Three Exploration Wells At Suriname Offshore Block
Offshore
July 5, 2025
From 
Reuters
 via 
gCaptain

Petronas To Drill Three Exploration Wells At Suriname Offshore Block

PARAMARIBO, July 5 (Reuters) – Petronas will begin drilling on Sunday, the first of three wells in an exploration campaign aimed at finding additional oil reserves at its offshore Block 52 in Suriname, state company Staatsolie...
Ørsted Terminates Wind Turbine Installation Vessel Agreement with Cadeler as Hornsea 4 Project Halted
Offshore
July 2, 2025
From 
Mike Schuler
 via 
gCaptain

Ørsted Terminates Wind Turbine Installation Vessel Agreement with Cadeler as Hornsea 4 Project Halted

Copenhagen-based offshore wind installation specialist Cadeler A/S (NYSE: CDLR / OSE: CADLR) announced today that Ørsted A/S has terminated their long-term agreement for a newbuild A-Class wind turbine installation vessel....
Britain’s Crown Estate Reports Profit of 1.15B Pounds, Led by Offshore Wind
Offshore
July 1, 2025
From 
Reuters
 via 
gCaptain

Britain’s Crown Estate Reports Profit of 1.15B Pounds, Led by Offshore Wind

The Crown Estate, which manages King Charles' public property, reported an annual net profit of 1.15 billion pounds ($1.57 billion) on Tuesday, similar to the previous year, with offshore wind leases its biggest source of revenue.
U.S.-Built ECO Liberty Ushers in New Era for American Offshore Wind Vessels
Offshore
June 30, 2025
From 
Mike Schuler
 via 
gCaptain

U.S.-Built ECO Liberty Ushers in New Era for American Offshore Wind Vessels

Equinor has officially launched the Service Operations Vessel (SOV) ECO Liberty for deployment in its Empire Wind offshore wind project in New York. The vessel was christened on Saturday at a ceremony...
Equinor and Shell Launch ‘Adura’: New Energy Giant Emerges in UK North Sea
Offshore
June 27, 2025
From 
Mike Schuler
 via 
gCaptain

Equinor and Shell Launch ‘Adura’: New Energy Giant Emerges in UK North Sea

The UK North Sea energy landscape is set for a major transformation with the announcement of Adura, soon to become the region’s largest independent oil and gas producer. The new...