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A new chemical process discovered as part of a Vestas-led project removes the need for changing the design or composition of the material used for wind turbine blades to make them recyclable as it allows for epoxy-based blades to be broken down into raw material that can be reused to make new wind turbine blades... Continue Reading →
NOV's Marine and Construction business unit has come up with a "new and flexible" Modular Service and Operations Vessel (MSOV) concept to "optimize offshore wind farm operations and maintenance." NOV says the vessel's features resemble those of a sea otter. "The Enhydra series design characteristics resemble the sea otter's (Enhydra) unique and physical behavioral features.... Continue Reading →
(Reuters) - BP (BP.L) on Tuesday reported a record profit of $28 billion for 2022 while boosting its dividend in a sign of confidence as it sharply raised overall spending plans but scaled back ambitions to reduce oil and gas output by 2030. The blockbuster profit follows similar reports from rivals Shell (SHEL.L), Exxon Mobil (XOM.N) and Chevron (CVX.N) last week after... Continue Reading →
(OED) BW Ideol, a company building concrete foundation for floating wind industry, said Monday that its 5-year-old Floatgen demonstrator continued strong operations, showing a capacity factor of nearly 60% over the last three months and a production of 25GWh since its 2018 commissioning. Floatgen is a 2 MW demonstrator equipped with the world’s first concrete... Continue Reading →
UK-headquartered energy giant BP has unveiled its new energy outlook, highlighting the main trends and uncertainties surrounding the energy sector and the transition to low-carbon and green energy sources over the next three decades. With the current energy and climate crises at the forefront, BP’s new Energy Outlook explores the key trends and uncertainties surrounding the energy... Continue Reading →
Philip Lewis, Contributor (OE) In recent State of the Port address, the first held since 2020, the Port of Long Beach’s Executive Director David Cordero discussed the port’s plan to support California’s emerging floating wind industry. The Port of Long Beach has not yet been identified as a marshalling port for any one project. However, under its Zero Emissions,... Continue Reading →
(Reuters) Germany boosted its offshore wind power capacity by 357 megawatts (MW) to 7,036 MW last year, inching towards a planned 30,000 MW by 2030, power grid operator TenneT said. The German arm of the Dutch transmission group will play a key role in achieving the target, linking the majority of new wind farms to... Continue Reading →
(OE) Norway's Equinor and UK's BP on Thursday jointly bid into New York’s third offshore wind solicitation (NY3). The bid was submitted to the New York State Energy Research and Development Authority (NYSERDA) in response to the state’s most recent offshore wind energy solicitation. Equinor said the bid would provide New York with renewable energy... Continue Reading →
(Reuters) - French bank BNP Paribas (BNPP.PA) on Tuesday pledged to slash the money it has outstanding with the oil extraction and production industries to less than one billion euros ($1.1 billion) by 2030, an 80% decline from its current balance of five billion euros. The lender said it stopped financing oil projects back in 2016, but... Continue Reading →
(Reuters) - European Union leaders will give clearance in February for work on new EU funding for the green tech industry to counterbalance subsidies in the United States and China, as well as more flexible use of existing funds and looser state aid rules. The draft conclusions for the Feb 9-10 EU leaders' summit, seen... Continue Reading →
Brazil Energy Insight 