Reuters The Biden administration aims to transform the United States into the world’s leading producer of energy from offshore wind after years of lagging behind Europe, a senior official said on Wednesday. President Joe Biden’s cabinet earlier this week unveiled a plan to boost the industry that promised new acreage, faster permitting, and billions of dollars in financing – part
Reuters WASHINGTON – A Houston-based company said on Thursday it will build the first U.S. flagged vessel to install offshore wind projects off the east coast of the United States in preparation for an expected construction boom in the nascent industry. Great Lakes Dredge & Dock Corporation said the vessel for subsea rock installation would comply with the 100-year old
From Workboat By Kirk Moore Offshore wind energy developer Ørsted was awarded a 1,100-megawatt commitment from the state of New Jersey Friday for its Ocean Wind project off Atlantic City, the single largest award to date for the budding U.S. industry. “After so many years New Jersey is finally open for business as far as offshore wind is concerned,” said Joseph Fiordaliso, president of the
From Marine Log Friday’s BOEM offshore wind lease sale of some 390,000 acres offshore Massachusetts drew competitive winning bids from three companies, totaling approximately $405 million. That was way more than the previous highest grossing offshore wind lease sale in December 2016 for the lease area offshore New York that received a winning bid of over $42 million. It was
Norwegian E&P Hopes to Make Wind Profitable When oil major Statoil (ticker: STO; StatOil.com) acquired Brigham Exploration in 2011, the Norwegian company became a major operator in the Williston basin, with approximately 330,000 net acres in the play and an extensive gathering system including three operating oil facilities, seven operating saltwater disposal facilities, approximately 700 miles of pipeline and ten
