Latest News for: Offshore investment projects


Equinor expects investment decision on S. Korea offshore wind farm in 2024

Korea Times 26 May 2022
Norway's Equinor ASA plans to make a final investment decision on what would be its first offshore wind farm in South Korea in 2024, and is considering a third project near the holiday island of Jeju, the head of its South Korean unit said.

3 recession-proof income stocks to buy today

The Motley Fool 24 May 2022
This real estate investment trust snaps up supermarket property in residential areas with inflation-linked leases ... Earnings per share are projected to grow by 17% in FY23 (beginning in June) ... TRIG) invests in renewable energy projects. These include onshore and offshore wind farms and solar parks in the UK and Europe.

Fenwick Committee Holds First Offshore Wind Symposium

The Ocean City Dispatch 23 May 2022
And if approved by BOEM, plans for the offshore wind project would be made available to the public ... While he said he supported offshore wind projects and the potential investments they could bring to the area, Ocean City Mayor Rick Meehan said he was most concerned about the impacts wind turbines would have on the resort’s viewshed.

The NY Bight could write the book on how we build offshore wind farms in ...

Popular Science 22 May 2022
Meanwhile, the offshore wind industry ... “It’s pretty incredible that offshore wind developers are already making billions of dollars of investments in some of these infrastructure projects, even when they don’t have their construction operation plans yet,” says Richer.

Baker proposes $20 million in state funding for Brayton Point development

The Herald News 22 May 2022
The state’s commitment coupled with Prysmian’s investment of more than $200M will enable Brayton Point to service offshore wind projects up and down the East Coast creating long-term jobs in this emerging industry,” the statement read in part. Vineyard Offshore is the leading company behind the Commonwealth Wind project.

WoodMac: Offshore Wind is a $1 Trillion Business Opportunity

The Maritime Executive 20 May 2022
Wood Mackenzie expects that offshore wind is going to be a trillion-dollar business opportunity for the offshore sector by 2030 ... "By 2030, as much money will be invested in offshore wind as in onshore wind," wrote WoodMac in an advisory. "We project that almost $1 trillion will flow into the offshore wind industry over the next decade.".

More than $1bn of Coalition’s climate funding could go to fossil fuel projects, analysis finds

The Guardian 20 May 2022
$50m in the budget for a “ future gas infrastructure investment framework ”. $20m for CarbonNet , a project that aims to capture and store carbon dioxide in an offshore reservoir in Gippsland in Victoria ... $200m for clean hydrogen and “low emissions technology partnerships” with Japan and South Korea ....

Crude Oil Market: 44% of Growth to Originate from APAC | By Production Area and ...

Longview News-Journal 19 May 2022
In onshore exploration and production operations, the operating cost of drilling activities is relatively lower compared with offshore operations ... Therefore, crude oil exploration and production companies are increasing their investments in onshore exploration and production projects to gain profit margins.�Out-of-Scope.Offshore.

Romania tweaks tax law to spur offshore Black Sea gas investments

Hellenic Shipping News Worldwide 19 May 2022
... unlock investment in the Black Sea to extract its sizeable reserves.

Global offshore wind market to reach 330 GW by 2030 - WoodMac

Renewables Now 18 May 2022
Investments in the global offshore wind industry are projected to hit USD 1 trillion (EUR 950.6bn) by 2031, with the cumulative installed turbine capacity seen to mark an almost ten-fold growth by 2030, Wood Mackenzie says in a report ... “As more companies bid, lease payments skyrocket and subsidies drop, project returns are falling.

Bourbon contracted to install 30-MW EolMed floating pilot in France

Renewables Now 17 May 2022
Bourbon Subsea Services had been awarded an engineering, procurement, construction and installation (EPCI) contract for the 30-MW EolMed floating wind pilot project in the French Mediterranean Sea, French offshore marine services group Bourbon said on Tuesday.

GIG's Corio, Ontario Teachers’ pursuing 9-GW offshore wind JV

Renewables Now 13 May 2022
Corio Generation has joined hands with Ontario Teachers’ Pension Plan Board in an alliance that aims to finance the development of up to 9 GW of offshore wind projects globally ... 14 fixed-bottom and floating offshore projects in South Korea, Taiwan, Japan, Ireland and the UK.

China speeds up future-oriented infrastructure development

People Daily 12 May 2022
On April 26, China Huaneng Group, a major state-owned power company, started the construction on seven large-scale offshore wind power projects in northeast China's Liaoning Province, with a total investment of more than 14 billion yuan.

Heerema in supplier contract for US East Coast offshore wind projects

Seatrade Maritime News 11 May 2022
Equinor and BP investing $250m in New York offshore wind hub. “The award of this unique agreement is yet another chapter in a long history of working together globally with both Equinor and BP on often challenging offshore installation projects,” commented Heerema’s CEO Koos-Jan van Brouwershaven.

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