The former CEO of BP, who warned the industry of its impact on the climate 25 years ago, has said rising calls to cease new oil and gas in the North Sea should be tempered amid a need for homegrown supply.
European oil major Shell is looking at expanding its wind-power business in Australia as it eyes options offshore and diversifies away from fossil fuels. Significantly, Australia’s offshore wind sector remains at a nascent stage of development.
Danish offshore wind developer Orsted (CPH:ORSTED) is at risk of getting caught up in a potential Taiwan Straits crisis as tensions in the region rose steeply following the visit of US House of Representatives Speaker, Nancy Pelosi, to Taipei, on 2-3 August.
European majors are well placed to take advantage of a $1 trillion investment boom in offshore wind, as analysis suggests projects can return 25% higher operating margins than new oil and gas fields.
Subsea 7 (OSLO:SUBC)is preparing to start the engineering, procurement, installation and commissioning of inter-array grid cables for a Scottish wind farm.
Should offshore wind be measured in knots or watts? At Equinor, we measure it in gigawatts. When completed, Dogger Bank offshore wind farm could provide the UK with 3.6GW of electricity – enough to power 5 million homes. See how we’re accelerating the UK energy transition at equinor.co.uk
A pioneering offshore wind firm has unveiled details of its multi-billion pound INTOG plans; aimed at decarbonising “every platform” sitting in Scottish waters of the North Sea.
“We've got to learn from what others have gone through, but at the same time pass on our own learnings to other industries,” says Offshore Energies UK’s (OEUK) new safety boss Mark Wilson.