President Donald Trump's administration said on Monday that it had reached a deal to end two more U.S. offshore wind leases in exchange for $885 million in pledged investments in domestic fossil fuels.The projects, one in the Atlantic and one in the Pacific, are managed by Ocean Winds, a joint venture between France's ENGIE and Portugal's EDP Renewables.
The United States and French energy major TotalEnergies said on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production.The agreement marks a new strategy in the Trump administration's wide-ranging effort to stymie development of U.S. offshore wind projects, which President Donald Trump has said he finds ugly, costly and inefficient.
The Trump administration suspended leases on Monday for five large offshore wind projects that are under construction off the U.S. East Coast over what it called national security concerns, sending shares of offshore wind companies plunging.The suspension was the latest blow for offshore wind developers that have faced repeated disruptions to their multi-billion-dollar projects under U.S.
From a Dutch maritime family to America's Cup yacht design and the president of Martin & Ottaway, a 150-year-old engineering firm, Rik van Hemmen has walked a unique path through the maritime industry. van Hemmen recently visited with Maritime Matters: The MarineLink Podcast, to share his views on everything from maritime engineering, technology, fuel, education and the future of shipping.
German energy company RWE said on Thursday that it had reached a $1.22 billion agreement with the Trump administration to cancel three offshore wind leases in U.S. waters and to direct the funds to LNG and natural gas power plant projects.The arrangement is the fifth, and largest, the administration has entered into this year as part of its wide-ranging effort to stop development of U.S.
The warning came booming over the airwaves, in a voice unmistakably from the American south: "Warship! Get out of our waters!"Norwegian Lieutenant Thomas Johannsen and his sailors were preparing for a simulated boarding operation -- a core mission for their NATO maritime unit. But with so many other war games happening in the area, the crew was picking up unrelated chatter from a nearby vessel.
The U.S. Coast Guard has awarded a contract valued at up to $400 million to Whiting Turner Contracting Company for the design and construction of new facilities at Coast Guard Training Center (TRACEN) Cape May, New Jersey. This marks the largest shore construction award in Coast Guard history and is part of a broader effort to modernize the service’s only accession point for enlisted personnel.
A federal judge on Tuesday blocked President Donald Trump's administration from enforcing a series of permitting policies that wind and solar energy industry groups say have stymied the development of new energy generation projects.Chief U.S. District Judge Denise Casper in Boston issued a preliminary injunction sought by nine advocacy groups and industry trade associations that argued the
Island Marine Electric has appointed marine technology sales veteran Doug Bennis as Vice President of Sales & Marketing.Bennis brings experience in the maritime and satellite communications industries, where he has led global sales initiatives, developed strategic channel partnerships, and driven revenue growth across commercial and recreational marine markets.
A federal judge on Monday cleared Danish offshore wind developer Orsted to resume work on its nearly finished Revolution Wind project, which U.S. President Donald Trump's administration halted along with four other projects last month.The ruling by U.S. District Judge Royce Lamberth is a legal setback for Trump
The Trump administration is reviewing whether to send the Interior Department's Biden-era approval of a Virginia offshore wind project back to the agency for reconsideration, according to a court document filed on Wednesday.The agency is conducting a review of offshore wind leases to comply with Interior Secretary Doug Burgum's July order to end preferential treatment for wind and solar projects
Poland is working on a deal to import liquefied natural gas (LNG) from the U.S. to supply Ukraine and Slovakia, an agreement that would further tighten the European Union’s ties to American energy, according to two sources familiar with the negotiations.Officials expect to announce a joint declaration to boost imports after a meeting of the parties at a transatlantic energy conference in Athens