MODEC and Altera: Marrying FPSO tech with renewable and low-carbon plays to shape energy transformation beyond oil & gas

(offshore-energy.biz) Given the rising expectations about oil and gas, especially liquified natural gas (LNG), being in demand even after 2050, entwining innovation and technology arms is increasingly being recognized as the right recipe to not only unleash untapped low-carbon barrels but also unlock the gates of green power. Japan’s MODEC and the UK-based Altera Infrastructure... Continue Reading →

August 29, 2024 0

Equinor scraps Spain, Portugal offshore wind plans as costs rise

(Reuters) - Norwegian energy company Equinor has cancelled its offshore-wind projects in Spain and Portugal, in addition to its previously announced exit from Vietnam, and could withdraw from more countries to rein in spending, an executive told Reuters on Wednesday. "We have been actively pursuing early-phase opportunities in a series of markets around the world, in different... Continue Reading →

August 28, 2024 0

7.6 GW Offshore Wind Plan Gets State Regulator Approval in California

(offshoreWIND.biz)The California Public Utilities Commission (CPUC) has finalised its plan to facilitate the state’s procurement of more than 10 GW of large-scale renewable energy and storage, including 7.6 GW of (floating) offshore wind. CPUC has voted to adopt a proposed decision from July, directing the Department of Water Resources (DWR) to procure electrical resources with... Continue Reading →

August 27, 2024 0

Sinopec’s H1 profit up on record output despite lower product demand

(Reuters) - China's Sinopec posted a 2.6% rise in net profit for the first half of the year as record oil and gas output compensated for falling domestic demand for refined fuel and petrochemicals. China Petroleum & Chemical Corp., as Sinopec is officially known, reported on Sunday a net income of 37.1 billion yuan ($5.21... Continue Reading →

August 26, 2024 0

Norway sovereign wealth fund commits $1 bln to renewable energy fund

(Reuters) - Norway's sovereign wealth fund said on Monday it will commit 900 million euros ($1.01 billion) to the latest renewable energy fund of investment firm Copenhagen Infrastructure Partners (CIP). Norges Bank Investment Management (NBIM) committed the sum to CIP's fifth flagship fund CI V, which invests in offshore and onshore wind, solar farms, grid... Continue Reading →

August 26, 2024 0

Opinion | Offshore Wind Energy: Delivering the American Dream

This is an op-ed piece by Liz Burdock, Founder and CEO of Oceantic Network, the US offshore renewable energy industry organisation. (offshoreWIND.biz) When I started Oceantic Network 11 years ago, I was motivated by the confident belief that offshore wind would be an economic and environmental game-changer for the U.S. Not only because of the industry’s... Continue Reading →

August 22, 2024 0

Brazil’s grid caps power from wind and solar, threatening renewable projects

(Reuters) - Wind and solar energy producers in Brazil have warned they are reconsidering future investments there after the national grid operator repeatedly capped how much energy they could deliver in the past year, which squeezed their profits. Brazil has made big strides encouraging companies to invest in wind, solar and other renewable power generation... Continue Reading →

August 22, 2024 0

IRENA: ‘Accelerate International Cooperation on Floating Wind to Prevent Development of Silos’

(offshoreWIND.biz) As of 2023, there was around 270 MW of floating wind capacity in operation, with the global pipeline for new floating projects standing at 244 GW, according to a market outlook report commissioned by the 2023 Japanese G7 Presidency and issued by the International Renewable Energy Agency (IRENA). According to the report, meeting the... Continue Reading →

August 21, 2024 0

BOEM Starts Working on Second Central Atlantic Offshore Wind Auction

(offshoreWIND.biz) The US Bureau of Ocean Energy Management (BOEM) will publish a Call for Information and Nominations (Call) for a second offshore wind energy sale in the Central Atlantic, seeking public input on potential development in areas off the coasts of New Jersey, Delaware, Maryland, Virginia, and North Carolina. BOEM will public the Commercial Leasing... Continue Reading →

August 21, 2024 0

Ramboll Boosts Wind Division with K2 Management Acquisition

(offshoreWIND.biz) Denmark-headquartered Ramboll has acquired its compatriot K2 Management, a global consultancy company specialising in wind and solar energy. Following the acquisition, which is subject to customary regulatory approval, Ramboll’s global wind division will encompass over 900 people across 20 countries, adding a new local presence in Vietnam, Thailand, and Portugal. Ramboll is said to... Continue Reading →

August 21, 2024 0

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Category: Energy

MODEC and Altera: Marrying FPSO tech with renewable and low-carbon plays to shape energy transformation beyond oil & gas

Equinor scraps Spain, Portugal offshore wind plans as costs rise

7.6 GW Offshore Wind Plan Gets State Regulator Approval in California

Sinopec’s H1 profit up on record output despite lower product demand

Norway sovereign wealth fund commits $1 bln to renewable energy fund

Opinion | Offshore Wind Energy: Delivering the American Dream

Brazil’s grid caps power from wind and solar, threatening renewable projects

IRENA: ‘Accelerate International Cooperation on Floating Wind to Prevent Development of Silos’

BOEM Starts Working on Second Central Atlantic Offshore Wind Auction

Ramboll Boosts Wind Division with K2 Management Acquisition

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