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(Reuters) - Geneva-based energy trader Gunvor Group on Wednesday said it has renewed a $1.565 billion loan facility to support the working capital needs of its liquefied natural gas (LNG) activities globally. The credit arrangement launched at $1.2 billion was oversubscribed and increased from $1.135 billion to $1.565 billion, the company said. As a part... Continue Reading →
Norwegian floating wind technology developer Odfjell Oceanwind said Monday it would, together with its partner Source Galileo, participate in the competition for seabed lease for floating offshore wind on Utsira Nord west of Haugesund in Norway, with their UtsiraVIND project. The three 500 MW seabed leases are intended to stimulate technology and innovation with the... Continue Reading →
(OET) The partners in the innovative industry-led project that aims to demonstrate the effectiveness of renewable energy for powering subsea production systems and vehicles are getting ready to demonstrate the integrated system offshore Orkney in Scotland. The project, dubbed ‘Renewables for Subsea Power’, is being developed by Verlume, Baker Hughes, Mocean Energy, and Transmark Subsea. It will combine Verlume’s Halo seabed... Continue Reading →
Industrial services provider Bilfinger UK said Monday it had teamed up with Sulzer to help wind farm operators and developers cut their operations and maintenance (O&M) costs. According to Bilfinger, the partnership will see Bilfinger UK provide the fluid engineering firm’s specialist services within its wider offering to the sector. Sulzer delivers overhaul and testing... Continue Reading →
Hitachi Energy said Monday it had secured two major orders from Equinor and Polenergia to provide an AC grid connection and power quality solution for their jointly owned MFW Baltyk II and MFW Baltyk III offshore wind projects in Poland. The wind farms, to be built in the Polish section of the Baltic Sea, will... Continue Reading →
Philip Lewis, Contributor (OE) The drivers for global offshore wind growth look good for 2023. Global offshore wind is forecast to grow from over 60 GW at the end of 2022 to 240 GW by 2030 and over 410 GW by 2035. But the sunny outlook must be balanced with some building dark clouds. As we... Continue Reading →
Philip Lewis, Contributor Floating wind is an emerging technology. Currently being tested in small scale demonstration and pilot projects, global floating wind commissioned capacity at the end of 2022 was less than 200 megawatts (MW). By 2030, close to 11 gigawatts (GW) of commercial scale wind farms are planned to be commissioned in Europe and the... Continue Reading →
(Reuters) Britain’s wind farms contributed a record 26.8% of the country’s electricity in 2022 although gas-fired power plants remained the biggest source of power, National Grid data showed on Friday. Britain has a target to reach net zero emissions by 2050 which will require a huge scale-up of renewable power generation such as wind and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras has taken another important step towards a low-carbon future: it has signed an agreement with the Oil & Gas Methane Partnership 2.0 (OGMP), a global initiative coordinated by the UN dedicated to the quantification and management of methane emissions, focusing on climate change mitigation. Recognized as the industry's most relevant... Continue Reading →
Norwegian industrial giant Hydro and compatriot next-generation offshore wind technology developer World Wide Wind (WWW) plan to explore using recycled aluminium to build a potentially revolutionary new floating design, under a letter of intent (LoI) signed today (Thursday). The pair – which expects to expand its collabloration to investigate employing the lightweight metal alloy in... Continue Reading →
Brazil Energy Insight 