Remove 2019 Remove Energy Remove Offshore
article thumbnail

Floating Foundations: The Future of Offshore Wind

The Energy Law

With recent increased investments in wind power, the development of floating offshore wind farms presents the potential to access areas previously unavailable. On floating offshore wind farms, a wind turbine is attached to a floating structure which is tethered to the sea floor, as opposed to the turbine being a fixed foundation in the sea.

article thumbnail

$5.8 Billion Question: BP Backs Away from Green Energy—but Is Offshore Wind Still Worth It?

Rextag

What does BPs latest move in offshore wind mean for its renewable energy strategy? BP and Japanese power company JERA have announced a joint venture (JV) to create one of the worlds largest offshore wind operators. BPs Offshore Wind Pipeline: 9.7 Funding: BP will invest $3.25 billion , and JERA will contribute $2.55

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Floating Foundations: The Future of Offshore Wind

The Energy Law

With recent increased investments in wind power, the development of floating offshore wind farms presents the potential to access areas previously unavailable. On floating offshore wind farms, a wind turbine is attached to a floating structure which is tethered to the sea floor, as opposed to the turbine being a fixed foundation in the sea.

article thumbnail

African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

Senegals Petrosen and Mauritanias SMH worked alongside bp and Kosmos Energy to develop the Greater Tortue Ahmeyim LNG project situated on the maritime border of the two countries and producing first LNG in January 2025. The SANPC seeks to address these challenges through IOC collaboration and foreign investment.

E&P 130
article thumbnail

2023 Begins With Increased (or Unlimited) Liability for Vessel Owners

The Energy Law

6] The last CPI adjustment occurred in 2019. 11] The Coast Guard is not responsible for adjusting OPA limits for offshore facilities (other than deepwater ports). 11] The Coast Guard is not responsible for adjusting OPA limits for offshore facilities (other than deepwater ports). 138.230). [10] 10] 87 Fed. 244, 283-84 & n.36

Oil 98
article thumbnail

Why Are Oil Giants Backing Away from Green Energy: Exxon Mobil, BP, Shell and more

Rextag

Where Is the Money for Energy Companies? As world leaders gather at the COP29 climate summit, a surprising trend is emerging: some of the biggest oil companies are scaling back their renewable energy efforts. Fossil fuels deliver higher returns than renewables, reshaping priorities across the energy industry.

Oil 40
article thumbnail

U.S. Customs Revokes Recent Offshore Wind Ruling; Maintains Uncertainty Whether the Jones Act Applies to Wind Farm Installations on the OCS

The Energy Law

On July 15, 2020, the Unites States Customs and Border Protection (“CBP”) issued a ruling (HQ H309672) in connection with the installation of an offshore wind farm located off the coast of Rhode Island and Massachusetts in U.S. territorial waters (the “July 15 Ruling”). 55102) (or the Passenger Vessel Services Act (46 U.S.C.