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Philip Lewis, Contributor Examining similarities and differences between the deepwater oil & gas and the emerging floating wind segment. (OE) There has been much excitement around the potential for the offshore wind industry to access deeper water sites through the deployment of floating wind technology. Further, there has been much discussion around the development and deployment... Continue Reading →
(Reuters) A proposed large natural gas project in Guyana by U.S. energy developer Fulcrum LNG includes partnerships with U.S. oil service company Baker Hughes and engineering firm McDermott, the country's vice president said on Thursday. Guyana's President Irfaan Ali last week said Fulcrum LNG had been chosen from among 17 companies to help Guyana develop... Continue Reading →
(offshoreWIND.biz) European wind energy industry organisation, WindEurope, has warned that the negative bidding approach will lead to the bid costs falling onto the supply chain and/or electricity consumers after Germany and the Netherlands closed their latest offshore wind tenders, securing nearly EUR 4 billion in total through winning bids. In both countries, the offshore wind... Continue Reading →
(OE) Fugro has been awarded a site characterization contract for a 684 MW offshore wind farm development off the coast of the Japanese cities of Murakami and Tainai, Niigate Prefecture, Japan. The offshore wind farm off the country’s west coast will be developed and realized by a consortium of RWE, Mitsui and Osaka Gas. Fugro’s... Continue Reading →
(OE) Iberdrola has taken the final investment decision (FID) for its Windanker offshore wind farm, located in the German Baltic Sea, advancing the 315 MW project to delivery phase. Windanker wind farm will reinforce Iberdrola’s Baltic Hub, which will add more than 1,100 MW of installed offshore wind capacity, comprising also the Wikinger project with 350 MW,... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R”) and ENAUTA PARTICIPAÇÕES S.A. (“Enauta” and, jointly with 3R, the “Companies”), under the terms of article 157, §4, of Law No. 6,404, December 15, 1976 (“Brazilian Corporate Law”), CVM Resolution No. 44, August 23, 2021, following the material facts disclosed on April 1 and 9, 2024, and May 17,... Continue Reading →
(OE) Norwegian seismic firm TGS has announced a new campaign for offshore wind and metocean measurement located in Morro Bay, off the U.S. West Coast. This initiative further expands the company's pioneering multi-client wind and metocean measurement initiatives in key global offshore wind regions. The campaign seeks to greatly enhance the industry's understanding of offshore... Continue Reading →
(Reuters) A newly formed company headed by a former Exxon Mobil executive was selected to support the Guyana government and Exxon to create a new independent natural gas development in the country, Guyana's Ministry of Natural Resources said. Fulcrum LNG offered "the most comprehensive and technically sound proposal" among 17 bidders, the government said in... Continue Reading →
Jesper Skjong, Contributor (OE) There are solid underlying fundamentals that are driving the increased vessel demand, chief among them is the increased offshore upstream investment on a global level. Overall, spending on exploration and production is set to increase roughly 45% from 2021 to 2025, reaching a total of almost $200 billion in the latter year.... Continue Reading →
(OE) Despite unprecedented energy challenges, 68% of oil and gas industry leaders have expressed optimism for sector growth in the coming year, according to the most recent survey by DNV. The latest DNV survey, The Paradox of Petroleum - How the oil and gas sector is transforming through uncertainty, gathered insights from nearly 450 senior oil... Continue Reading →
Brazil Energy Insight 