Items Tagged with 'Equinor'

Atlantic Canada $10.25B offshore oil drilling project awards Euro drilling firm detailed engineering award—as its integration deal is months away from closing.with Italy-based EPC giant that despite the current Gulf conflict, reports "strong progress" on all its Middle East projects and $1.3B in Q1 revenue in the region.

Move follows Jan. 12 decision to lift hold on $6.2-billion Revolution Wind, with other halted east coast offshore wind projects awaiting legal relief.

Was the turnaround a deal in exchange for resurrecting regional gas pipeline projects the state fought?

Attorneys general from 17 Democratic-led states and DC claim Trump energy order disrupts their push to develop needed power and investment made or planned in infrastructure.

Developer CEO Anders Opedal says government's halt now of Skanska-led construction of giant wind energy project is “unprecedented and unlawful,” coming at a "critical phase" with offshore installation of 54 large turbines starting.

Norway-based developer said it eyes court action, with construction of the New York project started last year by Skanska.

Major wind developer, and others that include giant Equinor, predict millions in writedowns as first projects face tough economics, but proponents see a solid market that needs government attention to current obstacles.

Cost bumps in U.S. offshore wind power construction are causing new impacts to projects and developers, but recent actions by some traditional energy sector firms indicate continuing commitment to a transition to renewables.

Second Massachusetts project, SouthCoast Wind, files to terminate project power agreement, and could face up to a $60-million fine, while developers in New York and New Jersey seek contract cost adjustments

In three-year delay, companies cite “changing market conditions and subsequent high cost inflation” for drilling project after FEED contract award in April to engineers KBR and Hatch.