A multi-user, planned transmission system for offshore wind in New York could result in electric grid cost savings of over $500 million and significantly reduce environmental impacts and project risks, according to a new report prepared by The Brattle Group for Anbaric. The Offshore Wind Transmissio
UK-based manufacturer of marine monitoring systems Ocean Scientific International Ltd (OSIL) have achieved an export milestone for global sales. Now exporting to over 100 countries, OSIL’s global customer base is ever expanding despite a challenging climate. The latest export country was Georgia wit
San Diego-based energy company and LNG operator Sempra Energy said the Cameron LNG project’s third liquefaction train has reached substantial completion.
Aker Solutions’ offshore wind spin-off, Aker Offshore Wind, will initially focus on deep-water fixed-bottom and floating wind projects in four different markets: South Korea, the USA, Scotland, and Norway. ScotWind According to a company presentation, Aker Offshore Wind has entered into an agreement
Malaysian FPSO provider Yinson has awarded Royal IHC a contract for the supply of a tandem mooring and offloading system and a riser pull-in system.
Japan’s oil and gas giant Inpex has flagged a 139.7 billion yen ($1.33 billion) impairment loss on its Australian LNG assets.
Simec Atlantis Energy has booked losses and a reduced consolidated cash position for the period ended 31 December 2019. Overall Group losses for the year 2019 were £35.4 million, versus loss of £24.1 million in 2018. The increase is primarily attributable to a £16.1 million non-cash disposal of seab
The European Investment Bank (EIB) has approved a €500 million financing for the Borssele 1 & 2 offshore wind project in the Netherlands. At the beginning of the year, Ørsted applied for a loan with the EIB which will finance the construction and the operation of the 752 MW wind farm. The estimated
Groton-based tech firm ThayerMahan has acquired Ocean Acoustical Services and Instrumentation Systems (OASIS). Founded in 2016, ThayerMahan has grown into one of industry leaders in autonomous marine sensor/system solutions. Led by its visionary founder, Michael J. Connor, ThayerMahan has developed
Hong Kong-based dry bulk shipping company Pacific Basin has ruled out further investments in the installation of scrubbers on its ships despite reporting enviable net savings from the technology worth $23.1 million, representing 38% of its original investment. The company decided to fit scrubbers on
Israel’s Delek Drilling has revealed it would issue bonds in an aggregate amount of $2.25 billion to finance the Leviathan development.
Greece-based LNG shipping company GasLog tightened its losses in the second quarter of the year.
The U.S. economy could see offshore wind investments reaching $ 17 billion by 2025, $ 108 billion by 2030 and $ 166 billion by 2035, supporting 80,000 jobs annually by 2035. This is according to a new study from Wood Mackenzie, which also found that 28 GW of offshore wind areas could be leased and [
Offshore geoscience and geotechnical engineering consultancy Cathie has appointed Matthew Laing as UK business development manager. He joined the company as a senior project engineer in 2018. The role will see him lead BD initiatives throughout the UK, manage key client relationships and also ensure
