Latest News for: Offshore investment projects

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Australia passes bills to support offshore energy industry

Power Technology 26 Nov 2021
The Australian Parliament has approved a set of laws to support the country’s offshore energy industry. The three bills will create jobs and encourage investments in offshore wind farms and power transmission projects ... These projects are expected to be worth more than A$10bn ($7.1bn) and create more than 10,000 jobs collectively.
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Australia passes landmark bill to enable offshore wind

Splash24/7 25 Nov 2021
Australia’s parliament has passed legislation that provides a framework for developing offshore wind projects in the country ... The bill provides a critical legal framework and pathway for projects like the 2.2 GW Star of the South to continue investing in project development.
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Keppel awarded $146m worth of new contracts

Splash24/7 25 Nov 2021
The engineering work commences in Q4 of 2021, with the remainder of the work expected within Q1 of 2022 when the project reaches the final investment decision. The second project is a letter of award from BW ...
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Bahrain launches $30bn offshore cities plan

Arab News 24 Nov 2021
Bahrain launched on Wednesday a new strategic projects plan to invest $30 billion in over 20 new projects, with the construction of 5 new offshore cities, according ...
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China-France offshore wind farm starts operation in Jiangsu

China Daily 24 Nov 2021
NANJING -- The last phase of China's first offshore wind power project with foreign investment has started supplying electricity in the sea off Dongtai city, East China's Jiangsu province ... The project, with a total investment of 8 billion yuan ...
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Rampion, UK

Power Technology 23 Nov 2021
Rampion is a 400.2MW offshore wind power project ... Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer Offshore 400.2 400.2 – Active England, the UK Rampion Offshore Wind ... The project was developed by Rampion Offshore Wind.
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PSEG Named To Dow Jones Sustainability Index for 14th Consecutive Year

Victoria Advocate 23 Nov 2021
... first offshore wind project, Ocean Wind 1, submitting several innovative proposals to deliver reliable, resilient and cost-effective infrastructure for New Jersey's offshore wind transmission, signing 78-year lease with state of New Jersey for development of New Jersey Wind Port.
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Woodside Gives Green Light For Scarborough, Pluto Train 2

Rigzone 22 Nov 2021
Woodside has approved the investment for the Scarborough offshore gas project as well as the Pluto Train 2 development ... .
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World's largest offshore wind farm 'unprofitable' for Equinor, say government-funded researchers

Upstream Online 19 Nov 2021
Equinor's investment in Dogger Bank — the world's largest offshore wind project under construction — will be unprofitable, according to a Norwegian government-funded study ... The rapidly expanding offshore wind industry anticipates project construction costs will come down as scale increases, offering robust investment returns.
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CNOOC banks on innovation for more green progress

China Daily 19 Nov 2021
It revived activities in offshore wind power in 2019 and the Jiangsu project is the first offshore wind project it has worked on since that time ... Wang said the investment in new energy will largely go to solar and offshore wind projects, while the company will also be looking at offshore carbon capture and storage.
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Apartment rent is high and availability is low in Connecticut. How long will it last?

The Bulletin 19 Nov 2021
“We’ve got piles of calls on properties that are available,” Chomen said ... 2020 to Sept. 2021 ... Who is renting? ... Sheridan said with the increase in work at Electric Boat, the return of the tourism business, and the upcoming offshore wind project in New London, developers have felt that eastern Connecticut is a smart investment ... More ... .
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Aker to lead �2m wind turbine recycling project

The Engineer 18 Nov 2021
“This project will be an important piece in our drive to accelerate the move to net zero waste and emissions and demonstrates Aker Offshore Wind’s commitment to sustainability across the lifecycle of a wind project, all while investing in Scotland and the UK to build a more sustainable future for decades to come.
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TA Associates and True Wind Capital Announce Strategic Growth Investment in e-Emphasys Technologies

The Eastern Herald 18 Nov 2021
The firm’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong ... Cyril Amarchand Mangaldas Advises Carborundum Universal Limited on Investment in PLUSS Advanced Technologies Mainstream Renewable Power secures investment decision from Provincial Government for flagship offshore wind project in Vietnam.
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SBM Offshore secures contracts for fourth FPSO in Guyana

Splash24/7 17 Nov 2021
... the Yellowtail development project offshore Guyana. Following the FEED and subject to, amongst other things, project sanction including final investment decision by ExxonMobil, SBM Offshore will build, install and then lease the FPSO and operate it for a period of up to 2 years.
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ED approaches Supreme Court for custodial interrogation of Chandra brothers

Hindustan Times 17 Nov 2021
(Amal KS/HT File Photo). Copy Link ... ED began its inquiry against Chandra brothers after a Supreme Court-mandated forensic audit of Unitech conducted in 2018 revealed that part of the ₹14,000 crore invested by nearly 30,000 homebuyers in 74 Unitech housing projects was laundered to offshore shell companies ... ....
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