The acceleration of deepwater offshore wind development is being held back by a singular focus on floating wind, while innovative fixed-bottom or buoyant foundations provide an immediate route to large-scale, cost-effective deployment at many high resource sites, energy company Enterprize Energy from Singapore recently said in its latest press release. [Read more…] about Deepwater offshore wind development held back by focus on floating wind
The outlook for offshore service providers has brightened, as contract backlogs reported in the first half of 2019 grew for the third consecutive quarter for the first time in five years. [Read more…] about Fabricators are building backlog
Danish energy giant Orsted is to acquire 100% of US offshore wind developer Deepwater Wind for $510m.
[Read more…] about Orsted buys Deepwater to form 9GW US giant
The deepwater oil industry is not dead, even after the brutal drop in oil prices in recent years, but activity will focus on regions such as Brazil and the Gulf of Mexico where resources are large and costs low.
[Read more…] about Deepwater projects survive low oil price
Shell announced a new exploration discovery in the deep water U.S. Gulf of Mexico.
[Read more…] about Shell in new discovery in Gulf of Mexico
“Nothing draws people together like a common enemy,” said Maersk Oil Houston’s President Bruce Laws, “and the common enemy right now is low commodity prices.”
[Read more…] about OTC: Panel seeks to energize deepwater projects