Brought to you by Quest Offshore & Southern Cone Consultants
(OE) TechnipFMC and Prysmian have signed a collaboration agreement to further accelerate the global development of floating offshore wind to help meet growing demand for renewable electricity. The collaboration agreement brings together the technologies and competencies of these two offshore industry leaders, providing the unique capabilities to pioneer a complete water column solution, from seabed... Continue Reading →
(oilprice.com) Several countries across Latin America have made ambitious climate pledges over the last few years, but can they deliver on their promises? The region is well known for its oil and gas production, as well as for its rapidly expanding critical mineral industry. Using experience from already strong energy sectors, can countries such as... Continue Reading →
(offshoreWIND.biz) Norway’s Deep Wind Offshore has submitted an application for an area lease to develop one floating and one fixed-bottom offshore wind project along the Chilean coastline. The Chilean government has set a target of 60 per cent of the country’s electricity to be generated from renewable sources by 2030. By 2040, the annual electricity... Continue Reading →
(Reuters) - Chevron Corp beat Wall Street estimates for third-quarter profit on Friday, helped by higher oil and gas output, but its earnings fell from a year ago. The U.S. company, whose proposed $53-billion takeover of Hess has been delayed due to a challenge by rivals Exxon and CNOOC Ltd , reported an adjusted profit of $4.53 billion, compared to... Continue Reading →
(OE) RWE has secured the necessary construction and environmental permits to build a 100 MW electrolyzer that would enable green hydrogen production as part of system integration plans associated with the 795 MW OranjeWind offshore wind project in the Dutch North Sea. The 100 MW electrolyzer is planned to be built at Eemshaven, near the... Continue Reading →
(Reuters) - Exxon Mobil on Friday beat Wall Street's third quarter profit estimate, boosted by strong oil output in its first full quarter that includes volumes from U.S. shale producer Pioneer Natural Resources. Oil industry earnings have been squeezed this year by slowing demand and weak margins on gasoline and diesel. But Exxon's year-over-year profit fell 5%,... Continue Reading →
(Reuters) - French oil major TotalEnergies third-quarter profit hit a three-year low of $4.1 billion on Thursday, slightly missing expectations as refining margins and upstream outages dragged down earnings. Adjusted net income was down 37% from a year earlier and 12.7% lower from the previous quarter's $4.7 billion. The result just missed analyst expectations of $4.2 billion. Adjusted... Continue Reading →
(offshoreWIND.biz) The Danish Energy Agency (DEA) has granted RWE the offshore construction permit for its Thor offshore wind farm, enabling RWE to begin construction at sea in spring 2025. RWE said that good progress is already being made on land, with the laying of cables and the construction of an onshore substation in the municipality... Continue Reading →
Wendy Laursen, Contributing Writer (oedigital.com) Preparing for industrialization, the floating offshore wind industry is tackling its unique mooring and cabling challenges. The idea of keeping floating offshore wind platforms in place using dynamic positioning has been considered. The trouble is: it could take up to 80% of the electricity generated by the turbine to do it.... Continue Reading →
(Reuters) - Shell reported on Thursday third-quarter profits of $6 billion that exceeded forecasts by 12% as higher liquefied natural gas (LNG) sales offset a sharp drop in oil refining and trading results. The results, together with a drop in debt and strong cash flow, could lift investor confidence in CEO Wael Sawan's efforts to boost... Continue Reading →
Brazil Energy Insight 