Norwegian firm Ocean Installer, best known for its subsea installation services in the oil and gas sector, in December 2020 changed its name to Havfram - Ocean Forward in Norwegian - saying the name change reflected the company's growing commitment to offshore wind. Now, less than a year after the name change
Vineyard Wind, which is on track to be the first major U.S. offshore wind farm, closed on a $2.3 billion loan and will begin construction in Massachusetts later this year, its owners said on Wednesday.The senior debt financing allows the project, a joint venture between Avangrid and Copenhagen Infrastructure Partners, to mobilize its contractors and suppliers to begin work, the companies said.
Vineyard Wind on Friday announced a deal to use union labor to help construct what will become the nation's first major offshore wind project off the Massachusetts coast near Martha's Vineyard.The labor agreement with the Southeastern Massachusetts Building Trades Council covers 500 jobs, most of which will go to local workers, the company said in a statement.
The U.S. government has recently announced plans to promote offshore wind, with a goal to have 30 gigawatts (GW) of offshore wind capacity installed by 2030, and a whopping 110GW of offshore wind by 2050. It has also committed to supporting the development of a sustainable local offshore wind supply chain, which is set to benefit from $136 billion expected to be spent on U.S.
The operator of a ferry service to and from Nantucket, Martha's Vineyard and Woods Hole, Mass. said it was hit by a ransomware attack on Wednesday that continues to impact passenger bookings.The attack has prevented passengers from booking or changing reservations online or over the phone, local officials said
In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.While the two-million-barrel cargo to India was destined to produce more than a million tons of planet-warming carbon over its lifecycle, from well to tailpipe
SBM Offshore, the Dutch-based FPSO company, said Tuesday that the topsides lifting campaign for the Liza Unity FPSO was recently completed. The FPSO is being built for deployment at ExxonMobil's Stabroek offshore block in Guyana."Thanks to the efforts of the integrated team, over 26
The Interior Department completed its final environmental review of what would the first commercial scale U.S. offshore wind farm, it announced on Monday, clearing a key hurdle needed to permit the project off Massachusetts.The U.S. Bureau of Ocean Energy Management (BOEM)’s final environmental impact statement for the Vineyard Wind project
Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Monday it has asked the Biden administration to restart its permitting process after former President Donald Trump's government abruptly canceled it last month.The company said in a statement it had notified the U.S.
The developer of the first major U.S. offshore wind farm said on Wednesday it will soon apply for a federal permit from President Joe Biden's administration, after former President Donald Trump's government abruptly canceled its initial application last month.Vineyard Wind will resubmit its construction plan to the Bureau of Ocean Energy Management "very very soon
SBM Offshore, a Dutch FPSO specialist, has informed that the topside integration phase has kicked off in Singapore on the Liza Unity FPSO. Once completed the FPSO will be deployed at ExxonMobil's Stabroek offshore block in Guyana, and will be Guyana's second FPSO in production."Progress [with the Liza Unity FPSO] picked up pace when the yards in Singapore re-opened earlier this year.
A federal agency said on Thursday it has again delayed a long-awaited environmental study crucial to permitting the first major U.S. offshore wind project, but final approval of the project is expected by mid-January.The study of the 800-megawatt Vineyard Wind project planned for the waters off the Massachusetts coast is expected to be released by December 11, according to a government timeline.