(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 →
Brazil offshore wind projects reach 106 GW
(epbr) Licensing for offshore wind projects in Brazil surpassed the 106 GW of power under licensing at Ibama this month, with the arrival of projects from TotalEnergies (9 GW) and Shell Brasil (17 GW). TotalEnergies' projects are the Sopros do Ceará, Sopros do RJ and Sopros do RS wind farms, each with 200 wind turbines... Continue Reading →
TotalEnergies has 9GW of offshore wind farms projects for Brazil
(epbr) TotalEnergies, a major western oil and gas producer, is developing 9 GW of offshore wind generating capacity off the coast of Brazil. There are three distribution parks in Ceará, Rio de Janeiro and Rio Grande do Sul. It joins the giants Equinor and Shell, also in the oil and gas segment, but with energy... Continue Reading →
More time and deliberation needed to finalise Keppel O&M and SembMarine merger talks
Following last year’s announcement about an agreement to explore the combination of Keppel Offshore & Marine with Sembcorp Marine, significant progress has been made in the process. However, more time and deliberation are needed to reach the final agreement to which both companies are committed. As a reminder, the idea behind combining Keppel O&M and... Continue Reading →
World’s top banks pumped $742 bln into fossil fuels in 2021 – report
(Reuters) - The world's top banks provided $742 billion in finance to the fossil fuel industry in 2021, little changed on the prior year, a report on Wednesday showed, despite growing calls to rein in lending to help tackle global warming. Banks are increasingly in the crosshairs of investors and campaigners over their role in... Continue Reading →
Giant drilling contractor Transocean goes into seabed minerals to support renewables
After making an entry into a carbon capture and storage project earlier this year, giant offshore drilling contractor Transocean is now investing in the exploration of seabed minerals to support the renewable energy supply chain. Transocean informed on Tuesday that it has purchased a minority interest in Ocean Minerals, a company engaged in the exploration of... Continue Reading →
Eni Shares Major Resource Upgrade for Ndungu Field Offshore Angola
(OE) Italian oil firm Eni on Monday announced "a major upgrade" of the resource base in the Ndungu field, located some 130 km off the coast of Angola, and about 10 km from the Ngoma FPSO in the West Hub of block 15/06. Eni said it had drilled the Ndungu 2 appraisal well drilled 5... Continue Reading →
Orsted sells 50% of British wind farm to French consortium
(Reuters) - Denmark's Orsted (ORSTED.CO) said on Monday it had agreed to sell half of the Hornsea 2 project in Britain, which will become the world's biggest offshore wind farm, to a French consortium for 3 billion pounds ($3.94 billion). The deal is consistent with the Danish energy giant's strategy of selling off large stakes in operational... Continue Reading →