Offshore wind prices were reduced by nearly a third in the UK's third contract for differences (CfD) tender, but falling market prices could dampen the effect of these cost reductions by the time the successful projects come online, an industry analyst has warned.
Ørsted has named GE as its preferred supplier for two offshore wind farms in the United States, where the manufacturer's 12MW Haliade-X turbine could be deployed in a commercial setting for the first ... Read more
McDermott International hired restructuring firm AlixPartners for strategic and operational advice as the company seeks to shore up its balance sheet, according to a person with knowledge of the matte ... Read more
Saudi Arabia is fixing its energy infrastructure and restoring crude production, but the weekend’s attacks may have done irreparable damage to one of the kingdom’s greatest assets -- its role as guard ... Read more
Futures fell as much as 2.2% in New York before easing declines on Wednesday. The weekend attacks on the kingdom’s critical oil infrastructure were “unquestionably sponsored by Iran” and did not origi ... Read more
Working to deliver transparent data to evaluate the most effective methane emissions reduction strategies, the group was established by leading industry companies Cheniere, Chevron, Equinor, ExxonMobi ... Read more
“The energy industry needs a more skilled workforce and the new Center for Petrochemical, Energy, and Technology is designed by industry for industry,” said Dr. Brenda Hellyer, San Jacinto College Cha ... Read more