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Norway's Statkraft and Denmark's Copenhagen Infrastructure Partners (CIP) have partnered up to develop up to 2.2 gigawatts of offshore wind in Ireland. This partnership will see CIP acquire a 50% stake in Statkraft’s offshore wind portfolio in Ireland. The financial terms of the deal have not been disclosed. The scope of the partnership includes the... Continue Reading →
The first turbines at Parkwind's Arcadis Ost 1 offshore wind farm in Germany have started electricity production. According to Parkwind, Arcadis Ost 1 has been delivering power to the German grid since January 12, 2023. The 257 MW offshore wind farm is located in the German section of the Baltic Sea, northeast of the island... Continue Reading →
Greg Lennon, Contributor (OE) It will take a team effort that spans sectors and even industries to meet the United States’ goal of 30 GW of offshore wind by 2030, writes Greg Lennon, ABS Vice President, Global Offshore Wind. As the United States offshore wind (OSW) industry considers the Biden-Harris Administration’s 30 gigawatts (GW) by 2030... Continue Reading →
While investments in green sectors overshadowed the oil and gas funding for the first time last year, the cost-conscious developers are expected to tighten their purse strings after two years of soaring prices, outlined Rystad Energy, an energy market intelligence group. However, low-carbon spending is still expected to rise by $60 billion in 2023 as inflation weakens. As... Continue Reading →
(OE) The U.S. Department of the Interior will reform its regulations for the development of wind energy facilities on the country's outer continental shelf to help meet crucial climate goals, it said in a statement on Thursday. The proposed rule changes would save developers a projected $1 billion over a 20-year period by streamlining burdensome... Continue Reading →
TotalEnergies is investing massively in renewable energy and clean and sustainable fuels, with one third of its investments now being made in these sectors as the company, most of whose currently operational projects are still in the oil & gas sector, moves towards a goal of having 50 per cent of its energy mix in... Continue Reading →
Dutch offshore wind farm developer Eneco has signed a 5-year crew transfer vessel charter and partnership agreement with offshore vessel owner Windcat. The deal entails the transport of technicians offshore and will also allow the companies to collaborate on the decarbonization of Eneco’s marine logistics using Windcat’s hydrogen dual-fuel solutions. The first vessel for this... Continue Reading →
(OET) UK-headquartered energy giant Shell has highlighted five trends in its energy sector outlook for 2023 observed through the prism of energy security, economics and transition to low-carbon sources. Shell’s energy outlook for 2023, which was published earlier this week, points out that the energy transition is not something that can stand on its own, as... Continue Reading →
While European oil majors are taking a gamble on hydrogen as the transport fuel for the future, this ‘big bet’ is not so big in reality, according to a new study on behalf of Transport & Environment (T&E), which shows that investments in biofuels refining are eight times bigger. Ricardo Energy & Environment, a global... Continue Reading →
(Reuters) The U.S. Interior Department on Tuesday named Elizabeth Klein, a lawyer who worked in the Obama and Clinton administrations, to head the bureau that oversees offshore oil, gas and wind development. Klein will take over for the current head of the Bureau of Ocean Energy Management, Amanda Lefton, who has resigned from the post... Continue Reading →
Brazil Energy Insight 