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(Upstream) Five of seven lease auctions planned by the US Bureau of Ocean Energy Management up to the end of the 2025 are expected to have opportunities for floating wind. Representatives of major offshore wind developers said that 80% of offshore wind potential is in the floating wind sector at the Floating Wind Solutions Conference... Continue Reading →
Demand for specialized installation vessels has soared over the past year in response to the growth of the offshore wind energy market, as turbines get larger and project size increases in scale and scope. According to Westwood Global Energy Group, in Europe the average size of turbines currently under construction is 9.3 MW. However, 20-MW... Continue Reading →
(OE) It is clear only a few weeks into 2022 that this year can be a watershed moment for American offshore wind. The Department of the Interior has positioned 2022 to be a record year in terms of offshore wind lease offerings and project greenlights. At the end of 2021, the Bureau of Ocean Energy... Continue Reading →
(OM) Three companies have commented on their awards under last week’s auctions for wind farm lease areas offshore New York and New Jersey. TotalEnergies was awarded maritime lease area OCS-A 0538 by the Bureau of Ocean Energy Management (BOEM) in the New York Bight auction, having bid $795 million. The 132-sq mi (341-sq km) lease... Continue Reading →
(Reuters) Germany aims to speed up wind and solar energy projects, a document seen by Reuters showed on Monday, as the war in Ukraine underscores the need to reduce reliance on Russian gas. Cutting back on Russian gas has been tricky for Europe's largest economy as it is already set to exit nuclear power this... Continue Reading →
(OE) French oil major TotalEnergies has won a bid to build three gigawatts (GW) of offshore wind power capacity on the New Jersey coast in the United States. The company said the $795 million deal is for the 341 sq km New York Bight concession, which is located up to 87 km from the coasts... Continue Reading →
The Department of the Interior today announced the results of the nation’s highest-grossing competitive offshore energy lease sale in history, including oil and gas lease sales, with the New York Bight offshore wind sale. These results are a major milestone towards achieving the Biden-Harris administration’s goal of reaching 30 gigawatts of offshore wind energy by... Continue Reading →
Solstad Offshore has reported a revenue of NOK 5.4 billion for the financial year 2021, an 8% increase compared to NOK 5 billion in 2020. Looking ahead, the Norwegian company revealed it fears that the current situation in Ukraine could impact its operations. The Norwegian company announced a full-year adjusted EBITDA increase of 20% to... Continue Reading →
The Biden's administration's sale of offshore wind development rights off the coasts of New York and New Jersey surged past all expectations on Thursday to reach more than $3.3 billion, with bidding still not complete. The auction, which began on Wednesday and is due to resume on Friday morning, is the first offshore wind lease... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it released today the new edition of its Climate Change Supplement. The document details information regarding Petrobras' emissions performance in 2021, in addition to the progress made in indicators related to sustainability commitments. It shows how climate change is reflected in the company's strategies and decarbonization initiatives to... Continue Reading →
Brazil Energy Insight 