Survey: UK Subsea Industry Shows Signs of Optimism
opportunities for our sector which has a key role to play in the energy transition and the green recovery. Along with other industry bodies and relevant organisations, we will focus our efforts on working with government to ensure the subsea supply chain is at the heart of the country’s energy strategy and measures are in place to ensure it can maximise the opportunity.”Rovco is one Subsea UK member which has capitalised on the rapid growth in offshore wind and believes the survey reflects the relatively buoyant mood in the industry as a result of diversification into this market. The
House Set to Debate Offshore Wind Energy Bills in US Waters
wind industry by streamlining permitting processes and working to open up more areas for lease. The administration views offshore wind as an element in its goal for U.S. energy dominance."We are committed to working with the Trump administration in pursuing an 'all-of-the-above' energy strategy, which includes a robust offshore renewable component," according to a committee statement.The U.S. market for offshore wind has been enjoying fresh momentum due to a sharp drop in costs, and policies in several northeastern states that require utilities to enter into contracts for wind
The Underwater Centre Under New Ownership
as it continues to move out of the downturn, and demonstrates what can also be achieved through collaboration by industry.“With up to 20 billion barrels of oil equivalent estimated to remain in the North Sea, Scotland's oil and gas industry has a bright future for decades to come. Our Energy Strategy clearly outlines that we remain committed to maintaining domestic oil and gas exploration and production, and maximizing economic recovery.” The Underwater Centre is a purpose-built subsea training and trials facility and is based on the shore of Loch Linnhe, sheltered by the surrounding
SCHOTTEL HYDRO Evolves Tidal Energy Strategy
SCHOTTEL HYDRO and its wholly owned subsidiaries TidalStream Ltd. (TSL) and Black Rock Tidal Power (BRTP) have revised their business strategy. The group of companies will continue to provide SCHOTTEL HYDRO turbine technology and power take-off systems to tidal energy projects in Canada and globally. Following a comprehensive review, BRTP will initially plan to use smaller floating platforms, such as Sustainable Marine Energy Ltd.`s (SME) PLAT-I platform, for its FORCE project in the Bay of Fundy. “SCHOTTEL HYDRO and its subsidiaries remain convinced about the positive future of
Trump Administration Approves Eni Plan to Drill Offshore Alaska
Cruickshank. Eni plans to drill into the Beaufort Sea from an artificial island using extended wells more than 6 miles (10 km) long starting in December. Eni did not immediately return a request for comment on its drilling plans. Trump in April signed an America-First Offshore Energy Strategy executive order to extend offshore oil and gas drilling to areas in the Arctic and other places that have been off limits to support the industry. Eni's leases, which were set to expire by the end of the year, were outside of an area protected by former President Barack Obama weeks
BOEM Oil and Gas Lease Sale: 48m Acres
, Mississippi, and Alabama for oil and gas exploration and development, in a lease sale that will include all available unleased areas in the Central Planning Area (CPA). “As one of the most productive basins in the world, the Gulf of Mexico remains an important component of our domestic energy strategy to create jobs, foster economic opportunities, and reduce America’s dependence on foreign oil,” Hopper said. “The exploration and development of the Gulf of Mexico’s energy resources will continue to help power our nation and drive our economy.” BOEM will
Plan Introduced to Drive US Offshore Wind Energy
opened in 2011 and was funded by the Department of Energy (DOE) under the American Reinvestment and Recovery Act, and is an example of a crucial investment made during the Obama Administration to help the United States maintain its position as a leader in wind electricity generation. This new wind energy strategy is a part of President Obama’s Climate Action Plan that will create American jobs and cut carbon pollution by developing America's clean energy resources. The strategy was published just weeks after construction was completed on America’s first offshore commercial wind farm
US to Open Bids for Gulf of Mexico Lease Sale
Energy Management (BOEM) said it is set to conduct a Gulf of Mexico Western Planning Area Lease Sale 246 on Wednesday, August 19 at the Mercedes-Benz Superdome in New Orleans. Doors open at 7:30 and bid reading begins at 9 a.m. CDT. As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Lease Sale 246 is the eighth offshore sale under the Administration’s Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017 (Five Year Program). The first seven sales in the Five Year Program offered more
Dept. of the Interior Raises $539M in Gulf Lease Sale
oil and gas resources,” said BOEM Director Abigail Ross Hopper. “The recent drop in oil prices and continued low natural gas prices obviously affect industry’s short-term investment decisions, but the Gulf’s long-term value to the nation remains high and the President’s energy strategy continues to offer millions of offshore acres for development while protecting the human, marine and coastal environments, and ensuring a fair return to the American people.” BOEM established the terms for this sale after extensive environmental analysis, public comment and considerati
February 2024
