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Business & Finance

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UK-offshore-wind-pioneer-buys-two-subsea-services-providers
Business & Finance

UK Offshore Wind Pioneer Buys Two Subsea Services Providers

UK offshore wind pioneer Venterra Group is acquiring two compatriot companies as part of its goal to build a service offering across the wind farm lifecycle, including engineer, build and support services. Venterra revealed it is buying Balltec, a provider of high-integrity connectors for subsea and

about 4 years ago
Rovco-stays-on-Beatrice-offshore-wind-farm
Business & Finance

Rovco Stays on Beatrice Offshore Wind Farm

Rovco has commenced year three of its survey campaign on the operational Beatrice offshore wind farm located in the Outer Moray Firth in Scotland. Rovco’s UK-based team will deliver survey work on all inter-array cable and subsea jacket locations across the 588 MW wind farm, with activities commenci

about 4 years ago
American Car Giant Invests in Multi-Turbine Floating Offshore Wind Systems
Business & Finance

American Car Giant Invests in Multi-Turbine Floating Offshore Wind Systems

American multinational automotive manufacturing corporation General Motors (GM) has led a Series A investment round of up to USD 10 million into Wind Catching Systems, the Norwegian developer of multi-turbine floating offshore wind systems, to help fund the development and commercialization of the t

about 4 years ago
Bourbon to Operate IWS Skywalker Vessels on French Offshore Wind Farms
Business & Finance

Bourbon to Operate IWS Skywalker Vessels on French Offshore Wind Farms

Bourbon has entered into a strategic partnership with IWS Fleet, a wholly-owned subsidiary of Integrated Wind Solutions AS (IWS), that will allow the company to offer commissioning and maintenance services to the French offshore wind market by using IWS’s Skywalker class vessels. This agreement will

about 4 years ago
A visualization of the Sofia offshore wind farm
Business & Finance

Siemens Gamesa, Cadeler to Present Sofia Supply Chain Opportunities

Siemens Gamesa Renewable Energy, the supplier of wind turbines for the 1.4 GW Sofia offshore wind farm in the UK, and Cadeler, the company who will install them, will hold a supply chain event on 7 July to showcase contracting opportunities for the project. At the event, the companies will provide a

about 4 years ago
French Companies Join Forces on Offshore Green Hydrogen
Business & Finance

French Companies Join Forces on Offshore Green Hydrogen

Green hydrogen technology developer Lhyfe and the offshore engineering and shipbuilding company Chantiers de l’Atlantique have signed a Memorandum of Understanding on the development of offshore hydrogen production platforms. The two companies will collaborate on offshore renewable hydrogen producti

about 4 years ago
Aker Offshore Wind, Aker Horizons to Complete Merger This Month
Business & Finance

Aker Offshore Wind, Aker Horizons to Complete Merger This Month

The merger between Aker Offshore Wind (AOW) and Aker Horizons is expected to be completed after close of trading on the Oslo Stock Exchange on 17 June, which accordingly will be the last day of trading in the AOW shares on Euronext Growth Oslo, the company said in its latest trading update. As annou

about 4 years ago
Norwegian-big-shots-establish-remote-operations-partnership
Business & Finance

Norwegian Big Shots Establish Remote Operations Partnership

The Norwegian Solstad Offshore, DeepOcean and Østensjø have teamed up to fast-track the adoption of remotely managed services with the aim of reducing operating costs and emissions for the offshore energy industry. The companies have established two joint ventures (JVs) to support the remote operati

about 4 years ago
A bp facility with the company's logo
Business & Finance

BP Hires RWE Director to Head Its UK Offshore Wind Business

BP has appointed Richard Sandford, now former Director of Offshore Development Europe at RWE Renewables, to lead its offshore wind business in the UK. According to information shared on social media, Sandford will start at his new position next month. BP, together with its partner EnBW, has 3 GW of

about 4 years ago
Semco Maritime
Business & Finance

Semco Maritime Buys Into UK Wind Services Company

Semco Maritime has acquired a 20 per cent stake in the services solutions and personnel provider CPower Energy, with both companies forming a strategic partnership to help grow the offshore wind sector. According to Semco Maritime, the partnership will target substantial growth opportunities in the

about 4 years ago
Ocean Winds
Business & Finance

Ocean Winds Launches OW Brasil, Plans 15 GW of Offshore Wind

Ocean Winds has launched OW Brasil, its Brazilian arm working on development opportunities of offshore wind projects in the country, where Ocean Winds has filed for approval to investigate five project sites. As reported earlier in the Premium section on our sister site Offshore Energy, Ocean Winds

about 4 years ago
Shell Enters Race to Build Wind Farms Offshore Poland
Business & Finance

Shell Enters Race to Build Wind Farms Offshore Poland

Amber Baltic Wind Ltd, a wholly-owned subsidiary of Shell, has submitted proposals for new offshore wind locations in the Polish Baltic Sea zone as part of the government’s latest tender. The sites included in the tender will help deliver Poland’s ambition of reaching 11 GW of installed offshore win

about 4 years ago
Seaway Strashnov working on the Triton Knoll offshore wind farm
Business & Finance

Construction Delays, Vessel Troubles Hit Subsea 7’s Books

Subsea 7 has updated its Adjusted EBITDA guidance for the full year 2022 following reduced progress on two offshore wind projects and vessel reshuffle at its subsidiary Seaway 7. Seaway 7 announced provisions against the results of project execution of offshore windfarm installations due to increase

about 4 years ago
Corio and Servtec Launch Five Offshore Wind Farm Projects in Brazil
Business & Finance

Corio and Servtec Launch Five Offshore Wind Farm Projects in Brazil

Corio Generation, a portfolio company of Macquarie’s Green Investment Group, has revealed plans to develop five offshore wind projects in Brazil with a combined capacity of over 5 GW. Corio intends to develop the five five projects, subject to finalisation of documentation and regulatory approvals,

about 4 years ago
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