OilPrice

MAY 14, 2025

XRG, the newly created energy investment firm of Abu Dhabis national oil company ADNOC, has taken a 38% stake in a production sharing contract for an offshore block of gas and condensate fields in Turkmenistan. As part of the transaction, XRG and Petronas signed a long-term gas sales agreement (GSA) with Turkmengas.

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OilPrice

MAY 7, 2025

Despite posting consensus-beating core earnings for the first quarter, Orsted, the worlds biggest offshore wind project developer, on Wednesday warned of a continued challenging environment for the industry with mounting near-term headwinds.

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POWER Magazine

AUGUST 30, 2024

X-20MW offshore wind turbine at a project in Hainan, according to a statement posted on the group’s LinkedIn […] The post Mingyang Says 20-MW Offshore Wind Turbine Installed in South China Sea appeared first on POWER Magazine.

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POWER Magazine

JULY 15, 2024

Countries active in the offshore wind industry continue to consider steps to counter China’s dominance of the sector. The latest to announce a move is South Korea, where officials recently […] The post Offshore Wind Group Looks to Challenge China’s Dominance of Sector appeared first on POWER Magazine.

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POWER Magazine

OCTOBER 10, 2023

The massive Dogger Bank Wind Farm, which will be the world’s largest offshore wind installation when completed, has begun sending power to the UK grid. 10 […] The post First Power Flows from World’s Largest Offshore Wind Farm appeared first on POWER Magazine. GE officials on Oct.

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OilPrice

MAY 9, 2025

The UK is more than doubling the funding for a so-called Clean Industry Bonus to support offshore wind projects, just as the worlds biggest offshore wind project developer, Orsted, pulled the plug on a major UK plan due to worsened economics.

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OilPrice

MAY 8, 2025

Denmark-based rsted, which won the contract to develop the 2.4GW Hornsea 4 offshore windfarm last year, said it took the decision due to supply chain costs, higher interest rates, and an increase in the risk to construct and operate Hornsea 4 on the planned timeline.

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POWER Magazine

OCTOBER 29, 2024

GW Coastal Coastal Virginia Offshore Wind (CVOW) commercial project to infrastructure investment group Stonepeak. The Richmond, Virginia–headquartered utility in an […] The post Dominion Sells 50% Stake in $10B Offshore Wind Project appeared first on POWER Magazine.

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POWER Magazine

FEBRUARY 29, 2024

New York officials put forth conditional contracts to buy electricity from two proposed offshore wind farms, announcing the awards Feb. 29 for installations that would be the largest power generation […] The post New York Moves to Resurrect Two Major Offshore Wind Projects appeared first on POWER Magazine.

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POWER Magazine

NOVEMBER 12, 2023

Vestas will supply 33 of the company’s wind turbines for a major floating offshore wind project in South Korea. The Ulsan Gray Whale 3 installation, which was announced in March […] The post Vestas Will Supply 15-MW Turbines for South Korean Offshore Wind Project appeared first on POWER Magazine.

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Offshore 278

POWER Magazine

JUNE 4, 2024

Equinor on June 4 announced its has finalized an agreement with New York State Energy Research and Development Authority (NYSERDA) for the renewable power generated by the 810-MW Empire Wind […] The post Equinor Announces Offtake Deal for New York Offshore Wind Project appeared first on POWER Magazine.

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POWER Magazine

DECEMBER 16, 2024

GW Inch Cape offshore wind project in Scotland. GW Scottish Offshore Wind Project appeared first on POWER Magazine. Wind turbine manufacturer Vestas said the company will supply, install, and commission dozens of the company’s 15-MW turbines for the 1.1-GW The company […] The post Vestas Will Supply Turbines for 1.1-GW

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POWER Magazine

JULY 23, 2024

China’s central government has approved Shanghai’s plan to build 29 GW of offshore wind generation capacity, part of the city’s strategy to build more energy infrastructure and diversify the electricity […] The post Shanghai Group Calls for 29 GW of Offshore Wind to Support Grid appeared first on POWER Magazine.

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OilPrice

MARCH 26, 2025

supermajor Chevron has expressed interest in oil and gas exploration in two additional offshore blocks south of the Greek island of Crete, Greeces Ministry of Energy and Environment said on Wednesday.

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POWER Magazine

JUNE 28, 2024

Onshore […] The post Coating Technologies Crucial for Offshore Wind Farms appeared first on POWER Magazine. Efforts to combat climate change drive the growth of renewable energy technologies as governments and utility companies increase investments in solar and wind installations to meet rising electricity demands.

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POWER Magazine

DECEMBER 16, 2024

50Hertz, the transmission system operator (TSO) for eastern Germany, has awarded its Ostwind 4 project to GE Vernova, in consortium with Drydocks World, a DP World company that provides marine […] The post 2-GW Offshore Grid Connection Takes Shape in the German Baltic Sea appeared first on POWER Magazine.

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OilPrice

MARCH 31, 2025

trillion oil fund, will buy 49% in two offshore wind farm developments of RWE for a total of $1.5 The agreed price for 49% of the two offshore wind projects, Nordseecluster in the German North Sea and Thor in the Danish North Sea, values the entire projects at around $3.1 The worlds biggest sovereign wealth fund, Norways $1.8

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OilPrice

MARCH 17, 2025

A consortium of UK-based supermajor BP, Azerbaijans state oil and gas firm SOCAR, and Israeli company NewMed Energy on Monday signed a licensing agreement to explore for natural gas offshore Israel, the Energy Ministry of Israel said.

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POWER Magazine

OCTOBER 7, 2024

German multinational energy company RWE is joining with France’s TotalEnergies to jointly develop two large-scale offshore wind projects off the German coast. The companies on October 7 announced that TotalEnergies […] The post RWE, TotalEnergies Developing 4 GW of Offshore Wind for Germany appeared first on POWER Magazine.

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OilPrice

APRIL 19, 2025

is already a world leader in wind energy, having rapidly expanded both its onshore and offshore wind capacity over the last decade. hopes to expand its wind power sector even further through the massive expansion of the Rampion offshore wind farm. Now, under the new Labour government, the U.K.

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POWER Magazine

JANUARY 4, 2024

JERA, the largest power generation company in Japan, said the 112-MW Ishikari Bay New Port offshore wind farm has entered commercial operation. The utility, along with Green Power Investment Corp. […] The post Japan’s Largest Offshore Wind Farm Now Online appeared first on POWER Magazine.

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OilPrice

APRIL 26, 2025

Trinidad and Tobago has steadily been developing its fossil fuel potential in line with regional growth. Neighbouring Guyana has attracted attention from numerous international oil majors eyeing Caribbean oil and gas, which has, in turn, garnered greater attention in Trinidad and Tobagos energy sector.

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POWER Magazine

APRIL 3, 2024

GW offshore wind project that […] The post Major Offshore Wind Project Part of Swedish Renewable Energy Surge appeared first on POWER Magazine. A Sweden-based renewable energy developer, in partnership with the investment arm of Ingka Group–the biggest IKEA retailer–has been issued a permit for construction of a 5.5-GW

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POWER Magazine

DECEMBER 22, 2023

Germany-based RWE, among the world’s leading companies in development of offshore wind energy, said it will acquire three major projects off the East Anglia coast of the UK from Sweden’s […] The post RWE Buying Offshore Wind Projects from Vattenfall in $1.2 Billion Deal appeared first on POWER Magazine.

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OilPrice

APRIL 12, 2025

Newly discovered offshore oil and gas deposits in Pakistans territorial seas could be brought to surface by Pakistan and Turkey. The two countries this week signed an agreement at the 2025 Pakistan Minerals Investment Forum in Islamabad to jointly bid on 40 offshore blocks.

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POWER Magazine

SEPTEMBER 10, 2024

Following more than three years of planning and analysis, California has established an offshore wind goal of 7,600 MW, with procurements starting as early as 2027. Through its central procurement […] The post California Confirms Strategy for Centralized Offshore Wind Procurement appeared first on POWER Magazine.

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Energy Voice

MARCH 10, 2025

The post Offshore workforce biggest demographic fears mental health support will impact jobs appeared first on Energy Voice. North Sea workers aged between 35 and 64 are more likely to believe accessing mental health support will negatively impact their careers, a landmark report has revealed.

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POWER Magazine

MARCH 18, 2024

Bureau of Ocean Energy Management (BOEM) has completed its designation of an offshore wind energy area in the Gulf of Maine. The BOEM, in a notice published in […] The post Offshore Wind Area Detailed for Gulf of Maine; New York Project Delivering Power appeared first on POWER Magazine.

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OilPrice

APRIL 3, 2025

based giant SLB(NYSE:SLB) for an ultra-deepwater Trion project offshore Mexico is more than just another deal. Its where the deepest offshore drilling becomes the purview of artificial intelligence. These are big days for oilfield services (OFS) providers, and the awarding of a major drilling contract to U.S.-based

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OilPrice

APRIL 28, 2025

After ExxonMobils swathe of world-class discoveries in Guyanas offshore Stabroek Block, the Guyana-Suriname Basin emerged as the worlds hottest drilling location. Suriname, a small country with a population of less than 700,000, which is among South Americas poorest, is believed to possess petroleum

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OilPrice

MAY 7, 2025

billion in deepwater oil and gas exploration and development offshore Nigeria, the local regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has said. Exxon sold last year its onshore assets to local firm Seplat Energy, but is committed to offshore exploration and development in the country.

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OilPrice

APRIL 17, 2025

BP said on Thursday it had safely loaded the first LNG cargo for export from Phase 1 of its Greater Tortue Ahmeyim project offshore Mauritania and Senegal as the UK supermajor continues to bring major projects on stream. First gas from the project was announced early this year.

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Oil & Gas 360º

MARCH 26, 2025

supermajor Chevron has expressed interest in oil and gas exploration in two additional offshore blocks south of the Greek island of Crete, Greeces Ministry of Energy and Environment said on Wednesday. (Oil Price) –U.S.

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OilPrice

MARCH 25, 2025

The UK could produce about half of the energy it consumes locally, in the North Sea, the energy industry association, Offshore Energies, said this week, as quoted by the Financial Times. For that, however, the industry needs the right business conditions.

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POWER Magazine

OCTOBER 27, 2023

New York officials said the state will invest in several new renewable energy projects, both offshore and onshore, that will add 6.4 GW of clean energy generation capacity to the […] The post New York Announces 6.4 GW of Renewable Energy Projects appeared first on POWER Magazine.

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OilPrice

MARCH 15, 2025

Five years after an Exxon-led consortium produced the first oil offshore Guyana, the country is pumping more than 600,000 barrels per day (bpd) of crude and has become South Americas fifth-largest oil exporter. Guyana and ExxonMobil expect oil production to jump to 1.3 million bpd by 2030, which would double the current output volumes.

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POWER Magazine

AUGUST 19, 2024

A floating wind turbine platform developed by Mingyang Group is now sited at a Chinese offshore wind farm. OceanX, at present the world’s largest single capacity technology of its type, […] The post Chinese Group Deploying Largest Floating Wind Turbine Platform appeared first on POWER Magazine.

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