(OE) Hexicon, a Swedish twin floating wind turbine technology company, has set up a joint venture in Greece with the local company EAMAA. "This is a first step to start the development of floating offshore wind projects off the coast of Greece. A new legal framework for offshore wind is expected this year and Hexicon... Continue Reading →
Rystad: 2022 global energy spending to reach $2 trillion
(OGJ) Soaring oil, gas and power prices—combined with the European Union (EU) reducing its reliance on Russian supplies and post-COVID-19 pandemic inflation—will push global energy spending to $2.1 trillion this year, according Rystad Energy research. Upstream oil and gas spending is expected to rise 16%, or $142 billion, from last year, as oil and gas... Continue Reading →
Pairing offshore wind and oil & gas goes beyond decarbonization – report
(Offshore Energy)A study commissioned by Crown Estate Scotland has revealed that connecting offshore wind installations directly to oil and gas platforms could help decarbonisation, support economic activity, and encourage new companies to enter the offshore renewable energy sector. The report, carried out by independent consultancy company Natural Power on behalf of Crown Estate Scotland, follows... Continue Reading →
Offshore Wind: Mitsubishi, Shell Aim to Produce 400,000t of Green Hydrogen
(Reuters) Japan's Mitsubishi Corp and Shell aim to produce 400,000 tonnes of "green hydrogen" in 2030 through the companies' European offshore wind power project, the Yomiuri newspaper reported on Thursday. Dutch renewable energy firm Eneco, owned by Mitsubishi and Japan's Chubu Electric Power Co, has decided to invest 10% in a joint venture that includes... Continue Reading →
Wood Mackenzie – ‘Bare minimum’ of £485bn needed to establish global hydrogen market
A “bare minimum” of £458 billion of investment and policy support will be needed by 2050 to get the global hydrogen market up and running. That is according to the latest hydrogen strategic planning outlook report by Wood Mackenzie, a Verisk business. Flor Lucia De la Cruz, senior research analyst at the research company, said: “Substantial... Continue Reading →
Porto do Açu changes management to accelerate energy transition – offshore wind
(Valor) Prumo Logística wants to attract low-carbon businesses to Porto do Açu, in São João da Barra, in the north of the state of Rio de Janeiro. With the energy transition, the company will take advantage of its experience in supporting the exploration and production of oil and gas to support the development of offshore... Continue Reading →
DNV: Floating offshore wind to hit 264 GW by 2050. Barriers Need to be Removed
DNV, the independent energy expert and assurance provider has this week called the governments of countries where the floating wind is a viable option to remove existing barriers in their regulatory frameworks to allow for easier and faster deployment of floating wind projects. DNV expects that offshore wind’s contribution to the wider energy mix will... Continue Reading →
Equinor, Naturgy Partner Up for Floating Wind Projects in Spain
(OE) Norwegian energy company Equinor has partnered up with Naturgy, with the two firms entering a development agreement prior to Spain’s first upcoming offshore wind auction off the coast of the Canary Islands. The Spanish government plans to develop up to 3 GW of offshore wind by 2030. The first Spanish offshore wind auction is... Continue Reading →
Brazilian vessel owner CBO lands contracts with Equinor
Brazilian shipping company Grupo CBO has inked new deals for three platform supply vessels (PSVs) with the Brazilian subsidiary of Norway’s state-owned giant Equinor. Brazil’s offshore vessel operator CBO informed on Tuesday that it has signed contracts with Equinor for three PSVs 4500 with a duration of three years plus two additional one-year options for further extension. The... Continue Reading →
Vestas signs agreement with Rio Grande do Norte for offshore wind and green hydrogen
(epbr) The Danish wind turbine giant, Vestas, signed a memorandum of understanding with the government of Rio Grande do Norte (RN) to study the feasibility of implementing a port-industry that includes offshore wind projects and green hydrogen production. The agreement is the result of a visit that Governor Fátima Bezerra made to Denmark in November... Continue Reading →
