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The combination of high production of oil and gas from a total of 94 fields, significant demand and high commodity prices led to a historically high level on the State's revenues from petroleum. Much of this is due to record-high gas prices.

On January 14, 2022, at an event with U.S. Secretary of Energy Jennifer Granholm, New York Governor Kathy Hochul and U.S. Representative Paul Tonko, Equinor and bp announced the finalization of the Purchase and Sale Agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA), for Empire Wind 2 and Beacon Wind 1.

Active again in subsea power cable IRM, leading excavation and trenching operator, Rotech Subsea, has delivered a critical de-burial, cut and recovery and re-burial project in UK waters. In late Q3 Rotech Subsea’s TRS1 tool was mobilized from Aberdeen to the site of a vital subsea power cable infrastructure project.

Partners Group, a leading global private markets firm, has agreed, on behalf of its clients, to acquire North Star (or "the Company"), an operator of specialized vessels that offer emergency response and rescue as well as essential offshore wind maintenance services, from Basalt Infrastructure Partners.

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