Energy

Carbonvert Inc. and Castex Energy, Inc., through its wholly owned subsidiary, Castex Carbon Solutions, LLC. have executed an operating agreement with the State of Louisiana to develop a 24,000-acre tract of land situated in State waters, offshore Cameron Parish, to permanently store carbon dioxide (“CO2”). Castex’s decades-long operational, commercial and subsurface experience, combined with Carbonvert’s specialized expertise in carbon capture and storage (“CCS”), position the Cameron Parish CO2 Hub as a leading choice for regional emitters seeking efficient and sustainable decarbonization solutions.

Swedish wave energy developer CorPower Ocean has signed a Memorandum of Understanding with America’s largest blue economy research and development center AltaSea at the Port of Los Angeles in preparation for its US expansion.

Deep Wind Offshore brings in a new investor, Octopus, to accelerate international expansion and strengthen Norwegian projects. This investment by Octopus will be funded purely by UK pension capital. The announcement is part of Octopus' plan to invest $20 billion in offshore wind investments over the course of this decade.

BW Offshore closed the transaction for the sale of the Abo FPSO to STAC Marine Offshore Limited, a member of the Nigerian Transport Group (STAC) for $20 million.

Ørsted has awarded Riggs Distler the contract for secondary steel components for its Ocean Wind 1 Project 15 miles off the coast of southern New Jersey. The project will begin delivering 1,100 MW of clean, renewable energy in 2025, which is enough to power 500,000 homes and businesses.

Ocean Winds (OW), an international company dedicated to offshore wind energy and created as a 50-50 joint venture in 2020 by EDP Renewables and ENGIE, has embarked on a distinctive collaboration with the State of Rio de Janeiro through a strategic Memorandum of Understanding (MoU).

The floating offshore wind project DemoSATH, led by the Spanish engineering firm Saitec Offshore Technologies, in collaboration with the German energy company RWE Offshore Wind and the Japanese company THE KANSAI ELECTRIC POWER CO., INC. (KEPCO), achieves a significant milestone as it commences electricity generation.

Andel and CIP will form a consortium to cooperate on two tenders for offshore wind farms in Denmark: Hesselø Offshore Wind Farm in Kattegat north of Zealand and Kriegers Flak II in the Baltic Sea.

On behalf of the partnership, Equinor has submitted a plan for development and operation (PDO) of the Eirin gas field to the Ministry of Petroleum and Energy.

The Business Network for Offshore Wind, a leading national organization working to accelerate offshore wind energy deployment and build a robust domestic supply chain, applauds passage of a new procurement bill in California that puts the state on a path to realize its 25 GW offshore wind goal.

ConocoPhillips announces further progress on its global liquefied natural gas (LNG) strategy, signing a commercial agreement to secure additional regasification capacity in Europe at the Gate LNG terminal in the Netherlands.

SBM Offshore and Mitsubishi Heavy Industries Ltd. (MHI) have announced the signing of a Partnership Agreement that will offer a CO2 capture solution for Floating Production Storage and Offloading vessels (FPSO) as they are producing oil and gas from offshore reservoirs.