China has rebuilt a substantial pipeline of offshore wind projects as the sector recovers from the slowdown that followed the end of national subsidies in 2021 https://t.co/vAcIlvV38O ...

I'm here at the South Brooklyn Marine Terminal, which Ecuador is redeveloping in order to service its offshore wind project off the coast of Long Island. Called Empire Wind 1. It will include 54 turbines, each 951 ft tall, providing 810 megawatt.That's enough to power 500,000 homes. It's a big investment for Norway based Ecuador, which is spending about $5 billion, including 1 billion to redevelop the marine terminal. Construction at this port began about a year ago.You can see behind me, workers are busy l ...

Key Takeaways GE Vernova should gain from floating wind growth, supported by its offshore expertise. GEV's Haliade-X turbines operate in major North Sea fixed-bottom wind projects. GEV proposed a floating Haliade-X in 2021 and serviced a major European floating wind farm in 2024.As the world undergoes a revolutionary energy transition process, a significant expansion in floating offshore wind farms is being witnessed recently. The installation of wind turbines further ashore will enable these farms to cap ...

President Trump's budget bill cuts federal subsidies for new offshore wind projects and that throws the future of the industry into question. Pippa Stevens is in Brooklyn. She's got a look at one project that's getting off the ground and what it means for the surrounding community.Pippa, good morning. Good morning, Becky. I'm here at the South Brooklyn Marine Terminal, which Ecuador is redeveloping in order to service its offshore wind project called Empire Wind One.It's about 15 to 30 miles south of Jones ...

MIND Technology (MIND) Q1 2026 Earnings Call June 11, 2025 09:00 AM ET Speaker0 Greetings. Welcome to MIND Technologies First Quarter Fiscal twenty twenty six Earnings Conference Call. At this time, participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Zach Vaughan. Thank you, sir. You may begin. Speaker1 Thank you, operator. Good morning, welcome to the MIND T ...

Key Takeaways Petrobras launches geophysical and geotechnical tenders off the Rio coast for wind energy assessment. Surveys will provide data critical for turbine foundations and subsurface wind site analysis. Nearby Port of Acu offers logistical advantages, boosting feasibility of PBR's wind pilot project.Petróleo Brasileiro S.A. - Petrobras (PBR) has launched two key tenders for geophysical and geotechnical surveys off the coast of Rio de Janeiro, signaling its push into offshore wind development.Taking ...

Core Insights - TGS has initiated a geophysical survey for the Green Volt floating offshore wind farm, which is Europe's first commercial-scale floating wind farm at 560 MW [1][2] - The project is a joint venture between Flotation Energy and Vårgrønn, aimed at developing a specialized UK floating wind supply chain [2][12] - The survey will utilize advanced technologies to enhance geological understanding and support site planning and risk assessments [3][6] Company Overview - TGS is a leading global provider of energy data and intelligence, with a significant presence in the UK, employing over 200 staff across three offices [4][9] - The company offers a comprehensive range of insights and advanced data technologies to support energy exploration and production [9] Project Details - The Green Volt project will feature up to 35 floating wind turbines, providing clean power to the UK grid and facilitating electrification of oil and gas platforms [11] - The project aims to reduce carbon emissions by one million tonnes per year, contributing to the UK's net-zero targets [12] - Green Volt has secured all necessary planning approvals and was awarded a Contract for Difference (CfD) by the UK Government in September 2024 [12] Survey Technology - The survey will employ integrated Multibeam Echo Sounder, Side Scan Sonar, Sub-bottom Profiler, and Magnetometer sensors to collect ultra-high resolution 3D seismic data [3][6] - UHR3D data will provide detailed insights into subsurface conditions, helping to identify geological hazards and improve site assessment [6][7]

Great Lakes Dredge & Dock (GLDD) Q1 2025 Earnings Call May 06, 2025 10:00 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the Q1 twenty twenty five Great Lakes Dredge and Dock Corp Earnings Conference Call. At this time, all participants are in listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising that your hand is r ...

Financial Data and Key Metrics Changes - The company reported first quarter operating earnings of $0.93 per share, which includes $0.03 from better than normal weather, $0.02 from RNG 45Z income, and $0.02 from better than expected sales [4] - GAAP results for the first quarter were $0.75 per share, and the company affirmed its financial guidance for 2025 operating earnings per share of $3.28 to $3.52, with a midpoint of $3.4 [4][5] - The company sold approximately $1 billion of forward settled common equity under its existing ATM program at a weighted average price of approximately $57 [5] Business Line Data and Key Metrics Changes - The Coastal Virginia offshore wind project is 55% complete and is on schedule for first electricity delivery in early 2026 and full completion by the end of next year [9][10] - The project has created approximately 2,000 direct and indirect jobs and generated $2 billion in economic activity [10] - The project’s updated cost is $10.8 billion, which is expected to increase residential customer bills by an average of $0.04 per month over the life of the project [15] Market Data and Key Metrics Changes - The company has approximately 40 gigawatts of data center capacity in various stages of contracting, with about 10 gigawatts contracted under electric service agreements [6] - There has been no observed evidence of slowing demand from data center customers across the service area [6] Company Strategy and Development Direction - The company focuses on three priorities: achieving financial commitments, timely construction milestones for the Coastal Virginia offshore wind project, and constructive regulatory outcomes [3][22] - The company aims to provide reliable, affordable, and increasingly clean energy to its customers [4] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver on the financial plan, emphasizing a conservative approach to guidance to weather unforeseen challenges [6][7] - The company continues to achieve constructive outcomes in all regulated service areas, with ongoing discussions regarding energy legislation in South Carolina [18][19] Other Important Information - The company is actively engaged in discussions regarding a new proposed rate class for high energy users, including data centers, to ensure fair cost recovery and protect other customer classes [17][72] - The company is preparing for the Chesterfield Energy Reliability Center, a gas-fired electric generating facility expected to cost approximately $1.5 billion and be operational by 2029 [18] Q&A Session Summary Question: Can you provide insights on the Coastal Virginia offshore wind project and tariff impacts? - Management confirmed that suppliers are performing well, and there are no changes to delivery schedules due to tariffs [30] Question: What is the status of permitting for the Coastal Virginia offshore wind project? - The project is fully permitted, and management feels comfortable that it will continue moving forward [41] Question: How is data center demand looking? - Demand remains high, with customers planning for expansions well into the 2030s [62] Question: Can you elaborate on the new tariff structure for high energy users? - The new rate class will focus on minimum demand charges and includes a fourteen-year contract term for new customers [72] Question: What are the expectations regarding residential sales? - Residential sales showed slight weakness, but overall sales trends are strong, particularly in the commercial segment [80]

Luxembourg – 30 April 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355, the Company) announced today results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2025. Highlights First quarter Adjusted EBITDA of $236 million, up 46% on the prior year, equating to a margin of 15%Strong operational and financial performance from both Subsea and Conventional and Renewables, with Adjusted EBITDA margins of 18% and 10% respectivelyGuidance for full year 2025 reaf ...