The company is expanding the Acadia’s addressable market to include international offshore wind and subsea infrastructure projects, reducing reliance on domestic wind contracts ... offshore wind projects, broadening the company’s long-term revenue base.
With this loan, the company can partly finance its 20% participation in the GranMorgu project in Suriname’s offshore block 58 ...SBMOffshore has already been awarded contracts for the project in November last year.
The contract was awarded to Oceaneering’s offshore projects group by BP’s subsidiary BP Mauritania Investments for the provision of subsea inspection, maintenance, and repair services and remotely operated vehicle services.
Today, Orsted has announced that it is pulling out of its flagship 2.4 GW HornseaProject Four offshore wind farm that was granted a contract only last year in AR6 ... deliver more offshore wind capacity.
Ørsted has announced it will ‘discontinue’ the 2.4GW Hornsea 4 offshore wind project in the UK ‘in its current form’ ... so Ørsted has stopped spending and terminate dthe project’s supply chain contracts.
Danish offshore wind developer Ørsted has discontinued the Hornsea 4 offshore wind project in the UK, citing rising costs and increased risks for development ... the project’s supply chain contracts.
The company grumbled about supply chain costs, interest rates and “adverse macroeconomic developments”, but no other offshore developer that won a price contract in last year’s auction round (AR6) has dropped its project.
This decrease can be attributed to increasing costs, supply chain disruptions, and diminished investor confidence stemming from opposition to offshore wind by US PresidentDonald Trump.Hornsea 4 project cancelled.
�rsted has announced it will discontinue construction on its Hornsea 4 offshore wind project in the UK, despite recently securing a Contract for Difference (CfD) ....
ADNOC Drilling Company announced today it has been awarded a contract for three island rigs by ADNOC Offshore for an estimated total contract value of US$806 million to support expanding operations at the offshore Zakum development project.