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(Reuters) The Japanese government on Wednesday announced a revision of its rules for offshore wind power auctions as the sector globally grapples with delays and soaring expenses driven by tight supply chains and inflation. After a number of consultations since September to find ways to ensure the completion of offshore projects, Japan's industry and land... Continue Reading →
(Reuters) Trinidad and Tobago on Tuesday offered 26 offshore oil and gas blocks in its largest-ever auction of areas for deepwater exploration and production, according to an official notice. The twin-island Caribbean country, Latin America's largest exporter of liquefied natural gas (LNG), is pushing producers, especially those offshore, to accelerate natural gas output in order... Continue Reading →
(Reuters) - U.S. President Donald Trump suspended new federal offshore wind leasing on his first day back in the Oval Office on Jan. 20, pending an environmental and economic review. On the same day, Danish energy company Orsted (ORSTED.CO), opens new tab, the world's biggest offshore wind firm, posted another impairment charge on delays to a U.S. offshore project.... Continue Reading →
(Reuters) A World Bank arbitration tribunal has dismissed a request by Venezuela to annul a $8.37 billion arbitration award to ConocoPhillips, clearing the way for the U.S. producer to reclaim compensation for the expropriation of its oil assets in the South American country. The International Centre for Settlement of Investment Disputes (ICSID) declared the expropriation... Continue Reading →
(Reuters) - Brazil's first-ever auction to add batteries and storage systems to its national power grid, scheduled for later this year, is seen generating $450 million in investments, according to an estimate by consultancy firm Oliver Wyman. WHY IT'S IMPORTANT The batteries would be able to store energy from wind and solar power, renewable sources... Continue Reading →
(Reuters) Portugal's government has approved four areas in the Atlantic Ocean where offshore wind farms can be installed, moving a step closer to launching the first licensing auction of offshore capacity, which it plans this year. Two of the areas are off the coast of Viana do Castelo in northern Portugal, one near the port... Continue Reading →
(offshore-energy.biz) Isle of Man-headquartered oil and gas company Challenger Energy Group (CEG) is making progress in setting the stage to embark on a formal farm-out process later this year for a shallow water exploration block off the coast of Uruguay. As the firm is also expected to make up its mind about assets in Trinidad and... Continue Reading →
(OE) Portugal is beckoning a new era for offshore wind after officially signing ‘rules of procedure’ for a new Technological Free Zone located off the coast of Viana do Castelo. The news was announced during an international conference in Lisbon promoting offshore wind supply chain development between Portugal and Norway. Addressing the delegation, Portugal’s Secretary... Continue Reading →
(offfshoreWIND.biz) All companies that submitted applications to participate in Colombia’s first offshore wind tender have been pre-qualified, meeting legal, financial, and technical requirements. The announcement was made on 9 December by Colombia’s National Hydrocarbons Agency (ANH). Among the companies included in the preliminary list of qualified bidders are energy giants from Belgium, the UK, Spain, and... Continue Reading →
Delmar Systems has been selected to deliver mooring scope for TotalEnergies’ Culzean floating wind pilot project, which will supply renewable electricity to an offshore oil and gas platform in the North Sea. Delmar Systems was hired by Archer Wind, which secured a contract from TotalEnergies in August 2024 for the delivery of floating wind foundation... Continue Reading →
Brazil Energy Insight 