The European Commission has chosen Technip Energies, X1 Wind, and a consortium of ten international entities, to deliver the NextFloat project, a program aimed at accelerating industrial-scale floating wind. NextFloat project's main objectives are to demonstrate a competitive, sustainable, and integrated floating offshore wind solution optimized for deep waters and to accelerate the industrial-scale deployment... Continue Reading →
Saipem’s board endorses first sustainability plan with “challenging objectives”
(OEM) The board of directors of Italy’s Saipem has approved the offshore drilling contractor’s first sustainability plan, which represents an integrated strategy that combines business and financial objectives with environmental, social and governance (ESG) criteria, enabling the firm to reach net-zero by 2050. Saipem revealed on Tuesday that its board of directors, chaired by Chairman Silvia... Continue Reading →
Equinor’s Hywind Tampen to Become World’s Largest Floating Wind Farm in 2022, Despite Issues with 4 Turbines
Equinor's Hywind Tampen floating wind farm in Norway will become operational this year, becoming the world's largest floating wind farm, however, it will not be as big as planned, at least not in 2022, due to steel quality issues found in four of 11 turbines. Namely, as previously reported, Equinor is developing the 11 turbine... Continue Reading →
Global Underwater Hub calls floating offshore wind “greatest opportunity for subsea in our generation”
(WO) The Global Underwater Hub (GUH) says floating offshore wind represents the greatest opportunity for the £8 billion ($9.5 billion) subsea industry in the UK this generation and must not be missed. The new strategic, intelligence-led organization, set up to transform the UK’s underwater industry into one of the largest and fastest-growing industries in the... Continue Reading →
Brazil waking up to offshore wind and hydrogen potential – Long read
(Upstream) As the world begins the shift towards cleaner and more efficient sources of energy, Brazil's focus can sometimes seem to be fixed on fossil fuels. This is understandable, considering Brazil's pre-salt oil fields are capable of producing more competitively and, advocates say, with lower emissions than just about any other offshore province. In a... Continue Reading →
FPSO Anna Nery left China for Brazil to produce at the Marlim field
(PN) The platform ship (FPSO) Anna Nery left the Cosco Qidong shipyard in China and began its journey to Brazil. In the next two weeks, the vessel will carry out navigation tests in Chinese waters. It will then make stops in Singapore and Mauritius, to refuel and change crews. The arrival in Brazil is scheduled... Continue Reading →
Petrobras on loan linked to sustainability
Petróleo Brasileiro S.A. – Petrobras informs that it signed, on 07/08/22, a credit line with sustainability commitments (Sustainability-Linked Loan - SLL) in the amount of US$ 1.25 billion and maturity in July 2027. The operation was signed with the banks Bank of China, MUFG and The Bank of Nova Scotia, with competitive costs in comparison... Continue Reading →
The State of Rio de Janeiro sees oil and gas industry as a competitive advantage for hydrogen and offshore wind
Rio de Janeiro is betting on the existence of a consolidated oil and gas industry as a competitive advantage for the state's energy transition towards offshore wind power generation and hydrogen production. The Rio de Janeiro government sees a potential to attract investment of around US$ 85 billion in offshore energy generation, but will wait... Continue Reading →
EDF plans hybrid offshore wind and hydrogen projects in Brazil
(epbr) With a portfolio of 1.7 GW of onshore wind and solar generation in Brazil, including projects in operation, under construction or authorized, French EDF Renewables, an arm of EDF, is now targeting hybrid projects that combine offshore wind and green hydrogen (H2V) in the country. “We are very interested and we want our portfolio... Continue Reading →
Hexicon’s TwinHub Wins First First-ever Dedicated CfD for Floating Wind in UK
Hexicon AB’s TwinHub floating wind project in the Celtic Sea was successful in the latest UK Government's Contracts for Difference (CfD) Allocation Round (AR4). Hexicon has been awarded a CfD for its 32MW floating wind project at a strike price of £87.30/MWh (2012 real prices) taking the project a significant step closer to completion. The... Continue Reading →