(OE) Energy and telecom cable firm Prysmian Group has secured contracts worth approximately €1.8 billion (currently around $1.9 billion) in total with the Dutch transmission system operator TenneT for the two grid connection projects IJmuiden Ver Alpha and Nederwiek 1 to link two future offshore wind farms located in the Dutch North Sea to the... Continue Reading →
Petrobras Must Prepare for ‘Unavoidable’ Energy Transition, CEO says
(Reuters) The chief executive of Brazilian state-run oil company Petrobras said on Thursday the company must prepare for an "unavoidable" energy transition and wants to play a leading role in it. Jean Paul Prates highlighted in a conference call with analysts that Petroleo Brasileiro SA's deepwater operations put the company in a good position for wind... Continue Reading →
Flotation Energy, Vårgrønn take first permitting step for another oil & gas-powering floating wind farm
Flotation Energy and Vårgrønn, who recently filed a Marine Licence application for their 500 MW Green Volt floating wind farm in Scotland, have now submitted a Scoping Report for the 1.4 GW Cenos floating offshore wind farm to Marine Scotland. The developers have submitted leasing applications for both Cenos and Green Volt as part of... Continue Reading →
Bleutec’s ‘Binary Marine Installation Solution’ Earns AIP from ABS
Houston-based Bleutec Industries announced it has received approval in principle (AIP) from the American Bureau of Shipping (ABS) for the designs of its Jones Act compliant offshore wind farm construction solution. Envisioned as an alternative to wind turbine installation vessels (WTIV), Bleutec's "binary marine installation solution" (BMIS) is a spread of DP2 vessels designed in... Continue Reading →
Portugal’s EDP to boost green growth with $27 billion investment
(Reuters) - Portugal's largest utility, EDP (EDP.LS), on Thursday said it would invest 25 billion euros ($27 billion) over four years with the aim of nearly doubling its installed renewable energy capacity to 33 gigawatts (GW) by 2026. In its strategic plan through 2026, EDP said 21 billion euros would be invested by its wind and... Continue Reading →
Petrobras Financial Performance in 4Q22 – CFO message
With a strong sense of accomplishment, we are very proud to share 2022 results. They are the synthesis of a long trajectory of huge challenges which were overcome, efficient management, consistent strategic choices which were vindicated and the focus on value generation, all of which are today reflected in excellent economic and financial results and... Continue Reading →
‘Radical but durable’ paradigm needed for delivery of low-carbon energy infrastructure in race to net-zero – Long read
(OEM) Australia’s engineering company Worley has partnered with Princeton University’s Andlinger Center for Energy and the Environment to measure the indicators of change in the journey to net-zero by 2050, outlining that countries need to move from years to weeks to develop and build their low-carbon energy infrastructure to meet the net-zero challenge. According to Dr Fatih... Continue Reading →
A Siemens Energy Survey sees Latin America lacking in the energy transition but with a positive outlook
Latin America is the region with the lowest level of readiness for the energy transition on the planet. The finding is from a new study recently published by Siemens Energy. According to the survey, countries in the region have a considerable expansion of renewable energy, but technologies such as power-to-X (synthetic fuels and green derivatives)... Continue Reading →
Boskalis Secures Major Role in Development of Scottish Offshore Wind Farm
(OE) Dutch marine and offshore services firm Boskalis said Tuesday it had secured a multidisciplinary role in the development of the Moray West offshore wind farm in Scotland. On behalf of its client, Ocean Winds, Boskalis said it would carry out "a large number of the activities" contributing to the development of the offshore wind... Continue Reading →
BP earmarks $2 billion to build Spanish green hydrogen hub
(Reuters) - BP (BP.L) said on Tuesday it plans to invest up to 2 billion euro ($2.12 billion) by 2030 in its refinery in Spain to produce low-carbon hydrogen and biofuels. The British company aims to develop a large plant to produce 2 gigawatts (GW) of green hydrogen, which is produced by splitting water using renewable energy,... Continue Reading →