Equinor and BP’s decision to “reset” the Empire Wind 2 offshore wind project (see earlier story) has led to another contract termination. As we noted in our report, the so-called “reset” decision was soon followed by termination of Seatrium’s contract for the Empire Wind 2 offshore substation (OSS) platforms. Now the rock installation contract has been scrubbed.
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) said last week that it had been informed of the termination of the Empire Wind 2...