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(Reuters) - BP (BP.L), opens new tab said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months. The London-listed oil major also expects strong results in oil and gas trading, along with a $100 million-$200 million boost from improved oil refining... Continue Reading →
(Reuters) BP is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, according to three people familiar with the talks. BP is Trinidad and Tobago's largest natural gas producer with an output of just over 1.3 billion cubic feet per day (bcfd), most... Continue Reading →
(offshoreWindbiz) Brazil’s SENAI Institute for Innovation in Renewable Energies (ISI-ER) installed a LiDAR in the Paracuru municipality in the state of Ceará on 3 April, the last piece of equipment of what is said to be the largest offshore wind resource monitoring network in Brazil. Through an agreement with the Ministry of Science, Technology and... Continue Reading →
(offshoreWind.biz) Brazil’s SENAI Institute for Innovation in Renewable Energies (ISI-ER) expects to receive a licence for a pilot offshore wind project in the state of Rio Grande do Norte in the second half of this year. ISI-ER filed an application with the country’s Institute for the Environment and Natural Resources (IBAMA) at the beginning of... Continue Reading →
(Reuters) - Guyana’s efforts to use its natural gas resources to fuel a power plant that would slash the South American nation's energy costs have snagged on construction delays and threaten to curtail the rising oil hotspot's revenue this year by about $1 billion. The $1.9 billion gas-to-power project, Guyana's biggest effort to capitalize on its... Continue Reading →
(Bloomberg) A battle in the National Congress to extend contracts for coal-fired thermal plants is blocking the arrival of the long-awaited offshore wind industry in Latin America's largest economy. A bill to regulate the sector is currently stalled in the Federal Senate, after a group of deputies presented a series of amendments, including one to... Continue Reading →
(offshoreWIND.biz) The California Independent System Operator (ISO) has unveiled its draft 2023-2024 Transmission Plan, which includes 26 proposed projects worth USD 6.1 billion (approximately EUR 5.6 billion), with a majority of the investment related to offshore wind. According to the California ISO, the plan is based on the state projections that California needs to add... Continue Reading →
(offshoreWIND.biz) National Grid Ventures (NGV) and Con Edison Transmission have submitted plans for building a transmission infrastructure that will connect offshore wind power to the New Jersey electricity grid. The project, named the Garden State Energy Path, proposes laying underground cables that will enable the delivery of approximately 6 GW of offshore wind power from... Continue Reading →
(OE) Belgium-based offshore mooring systems specialist Bekaert has joined the Tailwind project, which aims to develop advanced mooring solutions for floating wind industry. The Tailwind project, launched in January 2024, will aim to deliver advanced station-keeping technologies, designed to maintain the position of floating offshore wind energy farms through innovative mooring lines and anchoring systems.... Continue Reading →
(OE) Offshore wind developers Flotation Energy and Vårgrønn, a joint venture between Eni’s Plenitude and HitecVision, have announced that their 560 MW floating offshore wind project Green Volt has been granted full onshore planning approval. The Green Volt floating wind farm, located offshore Scotland, will deliver electricity to oil and gas platforms, replacing power currently... Continue Reading →
Brazil Energy Insight 