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(OW) RWE has released the official name of its floating wind project in California and revealed that the company will open an office in the city of Eureka in early 2024. The project, named Canopy Offshore Wind Farm (Canopy), is being developed at a site located 45 kilometres (28 miles) off the coast of Humboldt... Continue Reading →
(OW) The US Bureau of Ocean Energy Management (BOEM) has launched a public consultation on the potential development of six wind lease areas offshore New York and New Jersey, in an area known as the New York Bight. In February 2022, BOEM held an auction that brought in over USD 4.3 billion for the rights... Continue Reading →
Offshore staff (OM) Last year was a record for offshore wind investments worldwide, according to a report by TGS - 4C Offshore, with projects totaling 12.3 GW in capacity reaching closure. Up to 13 GW of further projects could go forward in 2024. The 2023 intake included FID on eight European projects total, concluding with Hornsea... Continue Reading →
(Reuters) - European energy firms Equinor (EQNR.OL) and BP (BP.L) terminated on Wednesday their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs and supply chain issues. "This agreement reflects changed economic circumstances on an industry-wide scale and repositions an already mature project to continue... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Board of Directors has approved the company's operations in São Tomé and Príncipe, a country on the west coast of Africa, enabling the acquisition of stakes in 3 exploratory blocks, through a competitive process conducted by Shell. The transaction is part of the scope of the Memorandum... Continue Reading →
(Reuters) - The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs. The offshore wind industry is expected to play a major role in helping several states and U.S. President Joe Biden meet goals... Continue Reading →
(OW) Ørsted has taken the final investment decision (FID) on what the company says is the world’s single largest offshore wind farm, the 2.9 GW Hornsea 3, which is expected to be completed around the end of 2027. In July 2022, Ørsted was awarded a contract for difference (CfD) for Hornsea 3 at an inflation-indexed strike price of GBP... Continue Reading →
(Reuters) - Nearly all European Union countries and around 300 companies and industry groups agreed on Tuesday to move ahead with plans to rapidly expand wind farms and the local industries needed to build them. The European Commission announced plans in October to support Europe's wind energy industry, which will need to massively expand capacity to hit... Continue Reading →
(OE) Malaysian oil company Petronas has signed production sharing contracts for Suriname’s offshore Blocks 64 and 64 with the country’s state-owned Staatsolie Maatschappij Suriname. Petronas Suriname E&P won the blocks, located in the Guyana-Suriname Basin, during the Suriname Demerara Bid Round 2022-2023 in June 2023. Block 63 has an area of 5,425 sq km and... Continue Reading →
(Reuters) QatarEnergy signed two production sharing contracts on Friday relating to two marine areas off the coast of Suriname, rights to which it won during an auction held last June, the company said in a statement. "QatarEnergy will own a 30% working interest in block 64, while TotalEnergies, the operator, will own 40%, and Petronas... Continue Reading →
Brazil Energy Insight 