Norwegian offshore vessel owner Sea1 Offshore, formerly Siem Offshore, has secured contract extension with marine geophysical services company PXGEO for its multi-purpose support vessel (MPSV) Siem Dorado.The current contract with PXGeo for…
Denmark-based A.P. Moller - Maersk has launched a dedicated division to provide installation services to the growing offshore wind industry.Maersk Offshore Wind has been formed as a spin off from Maersk Supply Service (MSS), which was acquired…
Iberdrola has taken the final investment decision (FID) for its Windanker offshore wind farm, located in the German Baltic Sea, advancing the 315 MW project to delivery phase.Windanker wind farm will reinforce Iberdrola’s Baltic Hub, which will add more than 1…
Norway-based Deep Wind Offshore has been awarded rights to develop a GW-scale offshore wind site Saare 2.1 in Estonia.The Baltic countries have agreed to open areas for offshore wind production for a total capacity of 20 GW within 2030, with Estonia setting the pace…
Norway-based company Deep Wind Offshore has joined forces with the Korean Jeollanam-do province and leading maritime universities in Norway and South Korea, to develop and strengthen the offshore wind workforce.Deep Wind Offshore has initiated…
North Star, specialist vessel operator for offshore infrastructure support services, has been announced as the first mover on the Midi-SOV – a new offshore wind ship design developed by Chartwell Marine and Vard that bridges the gap between…
The production of new cables with a voltage of 525 kV, intended for the BalWin4 and LanWin1 offshore wind grid connection projects, has started at LS Cable’s facilities in South Korea.The start of production at LS Cable in South Korea’s Donghae…
Maryland Governor Wes Moore signed a bill aimed at reevaluating and potentially revising existing offshore wind project plans, setting the stage for the state's goal of achieving 8,500 megawatts of offshore wind energy capacity by 2031.The bill…
Siem Offshore has changed its name to Sea1 Offshore following an ownership change that saw the company's founder and chairman exit the Norwegian offshore support vessel (OSV) firm.Kristian Siem, longtime leader of Siem Offshore, stepped away…
Mainstream Renewable Power, as part of the Gippsland Skies Offshore Wind consortium, has secured a feasibility license from the Australian government for a fixed-bottom 2.5 GW offshore wind project off the Gippsland region of Victoria.The feasibility…
Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side…
Italian offshore energy services firm Saipem has completed its work scope on the Gastrade’s liquefied natural gas (LNG) project offshore Greece, which is expected to strengthen the LNG supply in Southeastern Europe.Saipem’s work scope for Gastrade’s…
Kristian Siem, founder and longtime leader of Siem Offshore, is stepping down as chairman of the Norwegian offshore support vessel (OSV) firm after reaching a deal to acquire nine vessels in exchange for his 35% stake in the company.The company…
Vattenfall and Offshore Renewable Energy (ORE) Catapult have signed a three-year extension on their testing and demonstration collaboration at Aberdeen Offshore Wind Farm.The partnership at the 96.8MW offshore wind test and demonstration facility first began in 2019…
Hiab, part of Cargotec, has received an order for loader cranes to be used in offshore wind turbines worth $5.4 million.The order was booked in Cargotec’s 2024 first quarter orders, and will be delivered during 2024. The crane model ordered is the HIAB SWP…
