RWE Buys Irish Offshore Wind Farm Site

(OE) German renewable energy firm RWE said Friday it had bought the Irish company Western Power Offshore Developments Ltd, which is in the early stages of developing the East Celtic wind farm project offshore Ireland. The East Celtic wind farm site , which could have a capacity of 900MW, is located around 10 kilometers offshore of Wexford and Waterford in Ireland. "RWE’s adoption of the project as part of... Continue Reading →

Seadrill positive on offshore drilling outlook

 (OM) Seadrill has issued an update on is global offshore rig fleet. The benign environment semisub has started a program for Talos Production in the US Gulf of Mexico. West Tellus and the reactivated West Jupiter are both preparing to start contracts for Petrobras offshore Brazil. In the Norwegian sector, the harsh environment semisubs West Elara and West Phoenix are working respectively for... Continue Reading →

Equinor Sticks to Renewables Profit Goal

(Reuters) Norwegian energy firm Equinor's renewables business faces rising supply chain bottlenecks and strong rivalry for new projects, but will not compromise on its 4-8% investment return target, the head of the unit told Reuters. While still largely an oil and gas producer, state-controlled Equinor is investing heavily in offshore wind, securing permits in Britain,... Continue Reading →

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