Despite new Iran conflict escalations, state-owned energy firm ADNOC moves ahead on major project to tap gas atop emirates' longest operating offshore oil field, announcing estimated $5B package of EPC contracts.
Abu Dhabi National Oil Co. has advanced its Upper Zakum offshore expansion, moving one of the world's largest oil field developments toward construction, with unconfirmed reports that UAE-based NMDC Energy, U.S.-based McDermott International and Italian contractor Saipem have received project awards,
Acciona Construccíon S.A., Ferrovial S.A. and Bouygues Travaux Publics are among industry firms looking for international synergies in developing floating offshore wind projects in Spanish waters.
Officials in Maryland paved the way last week for what they are calling the nation’s first large-scale offshore wind projects. The Maryland Public Service Commission granted offshore wind renewable energy credits, otherwise known as ORECs, to two proposed wind projects with a combined value of $2.09 billion.
Despite the Trump Administration's apparent focus on fossil fuel development, renewable energy is set to grow with standards in place in more than 29 states, including many with carve outs for offshore wind.
After nearly four months of grueling work 50 ft beneath a state beach in Rhode Island, crews have finished drilling a 2,250-ft tunnel for the conduit that will carry power from the 30-MW Block Island wind farm to a National Grid switching station in Narragansett, R.I.