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(Reuters) King Charles III's Crown Estate, which owns Britain's seabed, said on Tuesday it will invest up to 400 million pounds ($543 million) in the country's offshore wind supply chain. The investment is intended to support the construction of new infrastructure, including ports, supply chain manufacturing, and research and testing facilities, to enable the deployment... Continue Reading →
(OE) DNV has published a report forecasting that carbon capture and storage (CCS) capacity is expected to quadruple by 2030, with sharp increase project pipeline capacity indicating that CCS is at a turning point. The immediate rise in capacity is being driven by short-term scale up in North America and Europe, with natural gas processing... Continue Reading →
(OE) MODEC and Carbon Clean Solutions have signed a memorandum of understanding (MoU) to continue the development and eventual deployment of floating production, storage and offloading (FPSO)-based offshore post-combustion carbon capture technologies. The agreement seeks to establish the framework in collaborating on how to accelerate the deployment of Carbon Clean’s On-Board Carbon Capture Solution (OCCS)... Continue Reading →
(Reuters) - Finland's Wartsila is betting that a more nimble way to generate power with ethanol will prove viable in Brazil where similar efforts by major firms floundered a decade ago. Wartsila announced a partnership in March with a power plant in the northeast Brazilian city of Recife, where a four-megawatt engine will burn ethanol for 4,000... Continue Reading →
– Petróleo Brasileiro S.A. – Petrobras informs that the FPSO Alexandre de Gusmão started production today in the Mero field (Libra block), in the pre-salt Santos Basin, more than two months ahead of schedule in its Business Plan. The platform, chartered by Petrobras from SBM Offshore, has the capacity to produce 180,000 barrels of oil... Continue Reading →
(offshoreWIND.biz) The United States House of Representatives has passed a bill that, among other things, rescinds provisions from the Inflation Reduction Act (IRA) that were set up to strengthen the domestic offshore wind supply chain and back the development of new offshore wind transmission infrastructure. Passed on 22 May with 215 votes in favour of the bill,... Continue Reading →
Image Credit: Morek Engineering A consortium based in South West England, led by Morek Engineering, has unveiled its innovative design concept for a new vessel class for the Floating Offshore Wind (FLOW) market, having completed the first feasibility stage. Consortium partners include naval architects Solis Marine Engineering, innovation specialists Tope Ocean, marine operations specialists First... Continue Reading →
(offshore-energy.biz) Singapore’s offshore marine solutions company PACC Offshore Services Holdings (POSH), part of the Kuok Maritime Group, has completed the towing of a hull for a floating production storage and offloading (FPSO) unit from China to Singapore. The vessel is slated to work at a Brazilian deepwater field with Brazil’s state-owned energy giant, Petrobras. Towed by... Continue Reading →
By Haley Zaremba for Oilprice.com Nearly 90% of Brazil's electricity comes from renewables, making it a prime location for energy-intensive AI infrastructure. Amazon, Microsoft, and other tech giants are investing billions in Brazilian data centers powered by clean energy. Brazil aims to prove that a renewable-focused energy grid can sustain large-scale AI growth, challenging the... Continue Reading →
(Reuters) - Britain has more than doubled funding available under a scheme seeking to spur investment in offshore wind projects to 544 million pounds ($721.78 million), after higher than expected demand, the government said on Friday. The country has put offshore wind at the heart of its 2030 clean energy plan and hopes to boost... Continue Reading →
Brazil Energy Insight 