OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
PGE Baltica opens new opportunities for cooperation. Join the webinar for suppliers
The year 2026 marks a period of intensive activities in the area of procurement and market cooperation at PGE Baltica. On February 26 at 2:00 p.m., the company will host a webinar for suppliers, during which it will present an overview [...]
Baltica 2 cable corridor takes shape: 150 km of inter-array cable routes already prepared
The first stage of seabed preparation in the Baltic Sea for cable installation has been completed for the Baltica 2 offshore wind farm, jointly developed by Ørsted and PGE. The BOKA Falcon vessel, operated by Boskalis, has prepared 150 km of [...]
Competitive energy will come from clean energy investments, not market tampering
At the European Leaders Summit in Alden Biesen, European leaders and Heads of Government reiterated the need to accelerate the expansion of home-grown, competitive renewables. But some leaders also proposed potentially reviewing the electricity market design, just agreed in 2024. Lower [...]
Meeting with minister on Nordic-Baltic energy cooperation
On 4 February, representatives of the Nordic Council of Ministers’ Office in Latvia met with Kaspars Melnis, Minister for Climate and Energy. The meeting brought together Nina Hvid Enevoldsen, Director of the Office, and Gints Janums, Energy and Sustainability Advisor, alongside [...]
US Congress approves USD 200 million for Baltic military assistance
On 3 February 2026, the US Congress took an important decision for European and Baltic security by approving USD 200 million funding for the continuation of the Baltic Security Initiative in 2026, aimed at reinforcing the defence capabilities of the Baltic states and deepening defence [...]
CPMR Baltic Sea and North Sea Regions Unite to Strengthen Security, Resilience, and Cooperation
Regional leaders from across Northern Europe gathered on 28-29 January in Stockholm, Sweden, for a joint meeting and seminar of the CPMR Baltic Sea Commission and the CPMR North Sea Commission Executive Committees. Representing 47 regional authorities[i], the Executive Committees adopted [...]
Commission increases submarine cable security with €347 million investment and new toolbox
Submarine data cables, carrying 99% of intercontinental internet traffic, are essential for modern life and the European economy. As the EU faces increasing risks to this critical infrastructure, the European Commission is intensifying efforts to enhance its security and resilience. It [...]
A stronger and more competitive Ørsted after a defining year with earnings of DKK 25.1 billion within guidance
Ørsted’s Board of Directors approved the annual report for 2025. Ørsted has taken significant steps to deliver on its strategic priorities during the year. This includes a strengthened capital structure through the successful completion of the rights issue, and the finalisation [...]
RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
RWE and ADNOC agree to work on exploring LNG supply to Germany and additional European markets RWE and Masdar sign Memorandum of Understanding to jointly invest in Battery Energy Storage Systems in Germany Agreements look to enhance collaboration between RWE and [...]
Vattenfall Energy Barometer: Europeans optimistic about the energy transition
Across Europe, consumers are optimistic towards the energy transition yet almost everyone wishes for stronger governmental support. Many value a climate-friendly lifestyle but there is a gap between countries. Also, every second consumer would be willing to pay more for fossil-free [...]
