Sunday, May 11, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Aberdeen’s Interocean wins work on BP wind farms

Simon Osuji by Simon Osuji
February 4, 2025
in Energy
0
Aberdeen’s Interocean wins work on BP wind farms
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


Aberdeen-based Interocean has been awarded a contract to carry out marine vetting and assurance work on BP’s Morgan, Mona and Morven offshore wind farms.

The three-year deal, signed for an undisclosed sum, will see the marine solutions provider will assist the BP (LON: BP) and Energie Württemberg AG (EnBW) projects as it looks to deliver 5.9GW of offshore wind capacity.

The firm has said that its existing team will cover the work, however, it is on track to achieve 20% global growth between July 2024 and July this year.

Interocean chief operations officer, Alex Reid, said that the firm looks forward to working on assets “of such national importance”.

He added: “As a UK headquartered company, we take immense pride in supporting initiatives that have the potential to enhance energy security and benefit local communities.”

Morgan (1.5GW) and Mona (1.5GW) are located in the Irish Sea, around 13 to 23 miles from shore and cover a combined area of approximately 360 miles².

The giant 2.9GW Morven is based in the North Sea and will stand roughly 37 miles off the coast of Aberdeen.

This project was approved as part of the Scot Wind leasing round which backed 17 projects with a combined capacity of 25 gigawatts in 2022.

The Supermajor’s website claims that Morven will “unlock £10 billion for offshore wind development and the skills and opportunities to support Scotland’s energy transition”.

All three of the developments are fixed-bottom. They are expected to generate enough electricity to power the equivalent of six million UK households every year.

BP’s stakes in the projects are set to be rolled up into a new entity. Late last year BP announced that it would be carving out its offshore wind assets into a joint venture project with Japan’s largest power generation company.

The new offshore wind business with Jera, called JERA Nex bp, is expected to be one of the biggest five offshore wind developers in the world by capacity.

In December BP chief executive Murray Auchincloss said: “This will be a very strong vehicle to grow into an electrifying world, while maintaining a capital light model for our shareholders.”

Recommended for you

BP’s Murray Auchincloss talking at Adipec on inflation and the energy transition

BP is not moving fast enough in the energy transition



Source link

Related posts

Zambia approves 62 licenses for electricity projects, others

Zambia approves 62 licenses for electricity projects, others

May 9, 2025
Mozambique, Zambia sign $1.5 billion deal for cross-border gas pipeline project

Mozambique, Zambia sign $1.5 billion deal for cross-border gas pipeline project

May 9, 2025
Previous Post

Flagship-backed Omega signals it’s headed toward bankruptcy

Next Post

These states use stolen Indigenous land to fund prisons

Next Post
These states use stolen Indigenous land to fund prisons

These states use stolen Indigenous land to fund prisons

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Samsung Electronics Ranked As A Top Five Best Global Brand For Fourth Consecutive Year

Samsung Electronics Ranked As A Top Five Best Global Brand For Fourth Consecutive Year

1 year ago
UAE cracks down on money-laundering and terrorism financing with Dubai Land Department deal

UAE cracks down on money-laundering and terrorism financing with Dubai Land Department deal

3 weeks ago
8 New Changes for NYS Ahead of Nationwide Recruitment

8 New Changes for NYS Ahead of Nationwide Recruitment

1 year ago
Peacekeeping at a critical crossroads Kigali conference hears

Peacekeeping at a critical crossroads Kigali conference hears

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.