Tag: offshore industry

As Reuters recently reported, following the federal permitting delays, the Vineyard Wind 1 Project will not be ready for operations in 2022, missing the target to send power to Massachussets. Specifically, the final permits of the project are estimated to be issued almost a year and a half after its previous target of August 2019. 

The Norwegian energy research and consultancy firm Rystad Energy reported that according to its estimations the demand from the world's top oil companies for floating drilling units will increase through 2020 and 2021.