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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.
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 supplychain costs, higher interest rates, and an increase in the risk to construct and operate Hornsea 4 on the planned timeline. The move marks the latest
OEUK's annual share fair event shows why UK government needs to act to support the energy supplychain. The post Time to share: Energy supplychain awaits UK government to unlock billions of investment appeared first on Energy Voice.
Offshore wind industry representatives are seeking better auction and fiscal terms from the Japanese government to help companies develop the wind industry potential offshore Japan, industry sources have told Reuters.
Twelve businesses in the North East of Scotland targeting success in the offshore renewable energy market have been selected for the the U.K.s Fit For Offshore
Offshore Energies UKs 2025 SupplyChain report says building on the UKs unique industrial strengths in energy production is key to unlocking the Governments ambition to grow the nations economy and build the future of the North Sea.
government has allocated $400 million, via publicly-owned clean energy company Great British Energy, to strengthen the domestic offshore wind supplychain
in its current form, citing adverse developments like increase in supplychain costs, higher interest rates rsted has decided to discontinue the Hornsea 4 project in the U.K.
The UK and Europe have set highly ambitious targets for developing offshore wind over the coming decade, yet the industry is currently suffering supplychain challenges which threaten new projects.
Centrica Energy Storage+ (CES+) is a vital part of the Centrica family, managing the Rough gas storage facility offshore Yorkshire, with half the UKs gas storage capacity, and the Easington onshore terminal that it uses. The SupplyChain Principles featured prominently throughout the event.
Today the leading trade body Offshore Energies UK (OEUK) responded to the announcement that the UK has signed a memorandum with Japan to cooperate on offshore wind. OEUK is campaigning for a homegrown energy future that makes the most of the UK’s offshore energy and safeguards energy security and jobs as it journeys to net zero.
DeepStream ensures that the exchange of data with businesses within the supplychain is more transparent and efficient as well as fully auditable: reducing compliance, risks and cost (both operational costs and direct US$m spend costs).
Twelve businesses in the North East of Scotland targeting success in the offshore renewable energy market have been selected for the the U.K.s Fit For Offshore
It aligns with the Offshore Energies UK (OEUK) SupplyChain Principles and the objectives of environmental, social, and governance (ESG) reporting. The shared asset scheme enhances supplychain efficiency, enabling operators to access needed components quickly.
Bureau of Ocean Energy Management (BOEM) held its long-anticipated offshore wind lease sale for the federal Outer Continental Shelf (OCS) in the Gulf of Mexico (GOM) on Tuesday, August 29, 2023. million winning bid for the lease area offshore Louisiana, submitted by the provisional winner, RWE Offshore US Gulf, LLC (RWE).
It aligns with the Offshore Energies UK (OEUK) SupplyChain Principles and the objectives of environmental, social, and governance (ESG) reporting. The shared asset scheme enhances supplychain efficiency, enabling operators to access needed components quickly.
A total of 17 companies have joined the Fit 4 Offshore Renewables (F4OR) program, which aims to provide business support for U.K. firms in the offshore wind sector
Opened by the Secretary of State for Energy Security and Net Zero, Ed Miliband, in January 2025, LEEF is strategically positioned to support the offshore energy industry in the southern North Sea and specifically Lowestofts position as an onshore hub for offshore energy.
(World Oil) – SLB has been awarded a major drilling contract by Australian independent Woodside Energy for its ultra-deepwater Trion development project, offshore Mexico. We will also leverage the strategic investments weve made in local talent and supplychains in Mexico, which will help support the on-time delivery of this project.
built offshore wind substation departed from a Texas fabrication facility where Danish multinational energy company, Ørsted, and domestic energy provider, Eversource, partnered to build the revolutionary vessel. The Kansas-engineered substation was designed and built by Kiewit Offshore Services, Ltd., the largest U.S. 1331 et seq.
Its Lighthouse software, launched in 2012, digitises the end-to-end logistics supplychain for its internal teams managing client contracts. Read the Full SupplyChain Report 2025 >> The post SupplyChain Report 2025: Peterson Energy Logistics case study appeared first on Offshore Energies UK (OEUK).
Lhyfe is the originator of the world's first offshore pilot plant for the production of green hydrogen at sea. In September, it kicked off an 18-month test phase for its Sealhyfe platform at the port of Saint-Nazaire.
In its 2025 Offshore Wind Insight , Offshore Energies UK (OEUK) warns that without action to address price inflation, capital cost and UK supplychain competitiveness, the UK will fail to meet the governments Clean Power 2030 (CP30) target of between 43 and 51 GW of installed offshore wind capacity.
Leading trade body, Offshore Energies UK today responded to the Chancellors Spring Statement. It follows OEUKs 2025 Business Outlook published earlier this week which underlined the value UK offshore energy sector could add to the economy.
In advance of holding an offshore wind lease sale in the Gulf of Mexico, which is expected this summer, the Department of Interior recently took several steps to update the offshore wind regulatory framework. Establishing a Renewable Energy Leasing Schedule: Currently, BOEM announces offshore renewable lease sales individually.
The 2 nd Annual Tulane Offshore Wind Conference capped off Louisiana Offshore Wind Week on Friday, January 19th. The conference included panels of offshore wind energy professionals discussing topics including leasing, permitting, financing, and the supplychain for US offshore wind energy.
David Whitehouse Chief Executive of Offshore Energies UK delivered a keynote address to over 550 attendees at the Offshore Energies UK (OEUK) Share Fair event in Aberdeen on the 19th March 2025. David highlighted the importance of the event in showcasing business opportunities across the offshore energy sector.
INEOS and Covestro have signed a long-term agreement for the supply of natural gas for up to eight years, starting 2027.The The agreement builds on INEOS' newly established LNG supplychain
Masterclass Sharing thoughts on offshore wind and green hydrogen with the global community. The Brazilian gas industry looks set to restructure itself for the expansion into a modern liberalised market, embracing competition and looking to make the business significantly more cost effective.
It will play a vital role in decarbonising and safeguarding existing industries across the North West of England and North Wales as they transition to net zero, while creating significant opportunities for the UKs energy supplychain.
Supplychain companies keen to meet key decision makers to discuss business opportunities in the offshore energy sector can now book one-to-one appointments at OEUKs Share Fair at P&J Live in Aberdeen on March 19.
It is rapidly expanding its portfolio of offshore wind projects in the wake of the ScotWind leasing round and it is planning to hire up to 30 staff to operate the office.Its corporate HQ is in Aberdeen. OEG CEO, John Heiton, said: “Scotlands supplychain will play an integral role in our move towards a renewable energy-driven future.
The financial close allows the Liverpool Bay CCS project to move into the construction phase, unlocking key investments in supplychain contracts, the majority of which will be spent locally.
The year 2023 has not been a good year for the offshore wind industry, which has seemingly been beset by adversity on all sides. Supplychain disruptions, largely resulting from the COVID pandemic and national efforts to deal with the pandemic, have resulted in material and equipment unavailability and/or delivery delays.
Specialists from industry, defence policy, the security services and academia will address a high-level Security and Resilience Conference being held by Offshore Energies UK in the Union Kirk, Aberdeen, Scotland on 30th April 2025. The post Energy security is national security appeared first on Offshore Energies UK (OEUK).
Peterson Energy Logistics has launched a dedicated consultancy service focused on the Asia Pacific and Middle East regions to leverage more than five decades of operational expertise of supplychain activities.
Offshore Energies UKs flagship 2025 Business Outlook report being launched at a business breakfast event in Aberdeen today shows that under the right business conditions half of the 13-15 billion barrels of oil and gas the UK is projected to need by 2050 could be produced at home.
Leaders of the energy industry, policymakers and experts will come together at Offshore Energies UKs flagship OEUK Conference 2025 – The Future Of Our North Sea to discuss government policy decisions shaping the North Seas future and the UKs energy supplychain.
Global supplychain company Peterson Energy Logistics (PEL) has become the first company to be awarded the new ISO 14068 standard for carbon neutrality from the National Quality Assurance (NQA) certification body. The ISO standard replaces the previous PAS 2060 accreditation scheme that PEL was awarded in 2022.
Leaders of the energy industry, policymakers and experts will come together at Offshore Energies UKs flagship OEUK Conference 2025 – The Future Of Our North Sea to discuss government policy decisions shaping the North Seas future and the UKs energy supplychain. appeared first on Offshore Energies UK (OEUK).
It said the next generation project also promises supplychain enhancements and skills development for the region. URL: [link] The post Hydrasun awards Aberdeen hydrogen contracts appeared first on Offshore Energies UK (OEUK). Hydrasun said it was “delighted to be working on the joint venture between BP and Aberdeen.
Offshore Energies UK (OEUK) says the opening of UK-EU talks on key areas such as grid linkage and emissions trading offers opportunities to drive down costs for homes and businesses, boost energy security and accelerate the drive to net zero.
Ahead of the Comprehensive Spending Review (CSR) Offshore Energies UK is asking the Chancellor to prioritise major UK energy projects to unlock economic growth and safeguard jobs, net zero and energy security. OEUK has also urged government to deploy up to 7.5 The government is expected to open AR7 this summer.
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