Siemens Gamesa set for giga growth in US with major contract
Siemens Gamesa Renewable Energy (SGRE) has been selected as the preferred turbine supplier for the massive 2,64 GW Dominion Energy Virginia Offshore Wind project in the USA, the largest offshore wind power project in the...Read more
Allseas CEO: “Stopping Nordstream 2 hurts our honour”
In a rare interview, Allseas CEO Edward Heerema said stopping Nordstream 2 was first and foremost damaging to the company’s sense of honour. “It’s a disappointment, we really wanted to take credit for it”, he...Read more
OPEC agrees on further production cuts
OPEC and its partners have agreed to further cut production by 500,000 barrels per day in the first quarter of 2020, bringing their new combined cuts to 1.7 million barrels per day. The decision was...Read more
Port of Brownsville set to welcome USD 39 billion in LNG investments
PRESS RELEASE – The Port of Brownsville is one step closer to welcoming three new LNG projects with an investment totalling USD 38.75 billion after the Federal Energy Regulatory Commission (FERC) approved their proposals today...Read more
Bernhard Schulte and MidOcean Wind extend US cooperation
PRESS RELEASE – Bernhard Schulte Offshore GmbH and MidOcean Wind LLC have entered into a joint venture to build and operate support vessels for the U.S. offshore wind industry and explore opportunities in other sectors...Read more
Asia to become dominant market for wind energy, new study shows
PRESS RELEASE – Asia could grow its share of installed capacity for onshore wind from 230 Gigawatt in 2018 to over 2600 GW by 2050, a new report by the International Renewable Energy Agency (IRENA)...Read more
Confidence in shipping drops due to trade war
PRESS RELEASE – Confidence in the shipping industry fell in the past three months to its lowest level for two and half years, according to the latest Shipping Confidence Survey from maritime consultant BDO. Yet...Read more
GE lands first orders for new mega wind turbine
GE has found the first commercial buyer for its new Haliade-X mega wind turbines of 12 MW. Ørsted will deploy the units on two offshore wind farms in the United States. The Haliade-X currently is the...Read more
Renewable energy capacity growing at fastest rate since 2015
After stalling last year, the renewables energy market is back on track with double-digit growth according to the International Energy Agency (IEA). The growth is driven in particular by solar power and onshore wind energy,...Read moreVineyard Wind’s US offshore wind farm delayed
The construction of the first commercial offshore wind farm in the United States, the Vineyard Wind offshore wind project, has been delayed due to the requirement of an additional environmental impact study, reports Dutch turbine...Read more
Baker Hughes sees LNG orders increase by 32%
General Electric’s oil field services provider Baker Hughes beat expectations for the second quarter thanks to strong growth in the LNG market. The company booked USD 6.6 billion in orders and recorded an operating income...Read more
Heerema contracted for first commercial US wind farm
Dutch offshore contractor Heerema has been contracted to help build the first commercial offshore wind farm in the United States. The Vineyard Wind project is the nation’s first utility-scale offshore wind energy project. Situated 14...Read more
The common interest of Trump, Xi and project carriers: LNG
A swift trade deal between the US and China could propel the US to the top of China’s LNG supplier list, shows a report from Morgan Stanley. That would be a win-win-win for Trump, Xi...Read moreTrade war jeopardizes forecast wave of LNG shipments
The escalation of the trade war between the United States and China jeopardizes the construction of several mega LNG projects, likely postponing the forecasted wave of project cargo shipments that are needed to build the...Read more
China hits back with tariffs on more than 5,100 American products
Despite Trump’s warning not to retaliate, China will hit back with import tariffs of 5% to 25% on 5,140 American products with a total worth of USD 60 billion, after Washington increased tariffs on Chinese...Read more
Boskalis wins 55 million dollar transport job
Boskalis has won a large contract for the transportation of LNG-modules for a North American export facility. The contract has a value 55 million US dollars with additional options for extensions, worth up to 30 million. The...Read more