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Dutch thermoplastic composite pipe (TCP) producer Strohm has completed the largest funding round in the company’s 15-year history by securing a €15 million investment to support its TCP solutions. The €15 million investment includes a €10 million commitment made by ING Corporate Investments (a 100% subsidiary of ING Bank), the Netherlands’ largest financial institution, as... Continue Reading →
Crown Estate Scotland said on Tuesday that a total of 19 applications have been made for its Innovation and Targeted Oil and Gas (INTOG) offshore wind leasing process, aimed at cutting emissions from offshore oil and gas platforms in the UK North Sea. "This level of interest from industry demonstrates significant support for this exciting... Continue Reading →
(Reuters) HSBC will no longer provide new lending or capital markets finance for new oil and gas fields, the British bank said on Wednesday, as part of a wider update to its energy policy. The bank said it will continue funding natural gas projects for now, given the global energy crisis and the pressures placed... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that has become part of the list of global companies that stand out in climate change mitigation actions, as announced by the international organization CDP, formerly known as the Carbon Disclosure Project. The company received an A- rating in recognition of its good practices on this topic and as... Continue Reading →
(Reuters) - Italian renewable developer Renexia has selected France's Technip Energies (TE.PA) to study and design key elements of one of the world's biggest floating offshore wind farms, the French engineering group said on Thursday. The French group, which this year launched a division dedicated to energy transition projects, will conduct the front-end engineering and design for... Continue Reading →
(OET) Vattenfall Atlantis 1 and Global Tech II Offshore Wind GmbH have issued a contract notice seeking contractors to install inter-array cables for two wind farm projects offshore Germany. The two projects, Vattenfall Atlantis 1 and Global Tech II, are located in the German North Sea, in the N-7.2 and N-6.6 zones. The contract is... Continue Reading →
Montrose Port Authority says the port is set to become the first Scottish port to provide shore power infrastructure to the energy sector. To enable shore power to offshore energy industry vessels, the port has partnered with with Plug Shore Power Ltd in a 50/50 joint venture. The partnership will see an initial investment of... Continue Reading →
(Reuters) The two largest U.S. oil companies - Exxon Mobil Corp and Chevron Corp - disclosed plans to increase outlays on energy projects next year amid high oil demand and prices. While spending more, it will be less than half the combined $84 billion they spent in 2013, when oil prices often traded above $100 per barrel... Continue Reading →
Philip Lewis, Contributor (OE) December was a month of major “firsts” in the U.S. offshore wind space. The first federal auction for offshore wind was held for the West Coast, and the first federal leases for commercial floating wind projects were provisionally awarded. These events are key milestones in the journey to achieve the federal vision of... Continue Reading →
(OE) Global Port Services, owned by Global Energy Group alongside the Port of Nigg, has said it has secured multiple contracts to support its client Seagreen Wind Energy Limited (SWEL), with site enabling works for the pre-assembly construction of wind turbine components (WTGs) at its Port of Nigg facility. The news comes as the final... Continue Reading →
Brazil Energy Insight 