Vineyard Wind and GE Vernova settle commercial dispute
The parties will dismiss pending claims; settlement terms remain confidential.
Developments in the world economy, international trade, finance and energy. Source-linked reporting appears in this section.
The parties will dismiss pending claims; settlement terms remain confidential.
The five-year agreement is valued at approximately SAR 2 billion.
The company submitted the first part of an NRC application for the first BWRX-300 planned at Port of Victoria, with the remainder expected in 2027.
The 96 MW Scottish project will mark the first UK use of the Cypress turbine and includes a 20-year services agreement.
SGE, GE Vernova, Hitachi and Samsung C&T agreed to explore market development across Central and Eastern Europe and the United Kingdom.
SLB will extend leak detection, virtual flow metering and production surveillance to new subsea infrastructure at Equinor’s Norwegian offshore field.
The initial plan includes four BWRX-300 reactors and a mid-2030s first-unit target.
US Gulf offshore activities are expected to begin in 2028.
Hiyamizutouge’s planned wind capacity is 29.4 MW.
SPIC Brasil and GE Vernova continue the six-unit programme.
GE Vernova plans execution during 2028–2035.
ExxonMobil Moçambique’s contract covers first-phase equipment.
A source-linked view of wells, energy and markets in five languages.