Efforts to get New York offshore wind back on track continue. Following New York State’s successful third offshore wind solicitation, both Ørsted and Equinor have bid into New York’s fourth offshore wind
Back in November 2023, the New York State Public Service Commission denied petitions submitted by Empire Offshore Wind, Beacon Wind, Sunrise Wind and the Alliance for Clean Energy New York, Inc. (ACENY)
While BOEM may be making every effort to drag its heels on new U.S. offshore oil and gas exploration and development, things are a little different in Norway. Equinor reports that it
At the end of the day, electricity generated from offshore wind has to be paid for from consumers’ electricity bills. When those rates aren’t high enough to justify the huge investment required
The Inflation Reduction Act (IRA) does not allow the Bureau of Ocean Energy Management (BOEM) to issue a lease for offshore wind development unless the agency has offered at least 60 million
Moving ahead on its plans to develop one of the first-ever floating offshore wind farms off the U.S. West Coast, Equinor, has signed a contract that will see Austin, Texas, headquartered Ocean
Given the way its electricity market works, Texas may not be the friendliest place for offshore wind development. But wind farms are not the only kind of green development going on offshore
In another sign of strength in the offshore drilling market, John Fredriksen associated SFL Corporation Ltd. (NYSE: SFL) reported today that it has signed a drilling contract in Canada with a subsidiary
If you’ve got a rock dropper, you need to have rocks to drop. Yesterday, Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), which has ordered the first Jones Act-compliant subsea rock installer
Another U.S. offshore wind project is moving along the regulatory pathway. BOEM has announced a Notice of Intent (NOI) to prepare an Environmental Impact Statement (EIS) for the proposed Beacon Wind project.