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(Reuters) Britain's renewables industry has called on the new Labour government to increase the country’s renewable auction budget by hundreds of millions of pounds to help meet its offshore wind target and wider goal to decarbonize the power grid. Labour swept to victory in Britain’s election last week and the party has pledged to expand... Continue Reading →
Philip Lewis, Contributor (OE) U.S. offshore wind aspirations, both federal and state, have resulted in excitement about the potential opportunity of a large U.S. offshore wind market. But uncertainty, initially financially driven and increasingly a result of political uncertainty, is leading us into a challenging period, which will undoubtedly impact short-term activity, according to the latest... Continue Reading →
(OE) Italian cable maker and installation services provider Prysmian has completed sea trial tests for ultra-deep installation of High Voltage Direct Current Mass Impregnated (HVDC MI) subsea cable at water depth of 2,150 meters. This is an industry record breaking installation, as it is the first time an HVDC cable is laid at such a... Continue Reading →
(Offshore-energy.biz) After six years of development, sustainability consultancy ERM has launched offshore trials to test its Dolphyn Hydrogen process which combines electrolysis, desalination, and hydrogen production on a floating wind platform, marking the first time hydrogen has been produced from seawater in a marine environment in the UK. The trials conducted in Pembroke Port, South... Continue Reading →
(Oil Now) Guyana is set to welcome a trailblazing new floating production, storage and offloading (FPSO) vessel next year. The ONE GUYANA vessel, being constructed by SBM Offshore, is targeting the highest initial oil production observed in the industry for an FPSO—250,000 barrels per day (b/d). The FPSO is destined for the ExxonMobil-operated Stabroek Block.... Continue Reading →
(O) SBM Offshore and Technip Energies have formally launched Ekwil, a 50-50 joint venture dedicated to floating offshore wind. Ekwil is a pure player delivery partner offering a diversified range of ‘series production’ floating offshore wind solutions to meet the growing and demanding needs of energy customers around the world. The joint venture brings together... Continue Reading →
(OE) The European Commission has approved a $11.64 billion (€10.82 billion) French scheme to support the deployment of offshore wind energy, which will help foster the transition towards a net-zero economy. The state aid scheme will run for 20 years. In particular, the measure will support the construction and operation of two bottom-fixed offshore wind... Continue Reading →
(OE) Denmark-based A.P. Moller - Maersk has launched a dedicated division to provide installation services to the growing offshore wind industry. Maersk Offshore Wind has been formed as a spin off from Maersk Supply Service (MSS), which was acquired by Norwegian offshore supply vessel company DOF Group in a $1.11 billion in a cash and stock... Continue Reading →
Petrobras, following up on the release disclosed on February 23, 2024, in which it reported the signing of the contract for the sale of its 18.8% stake in the share capital of UEG Araucária S.A. (UEGA) to Ambar Energia S.A., announces today that it has closed the transaction. This transaction was carried out by Petrobras... Continue Reading →
(Reuters) Italy's Saipem has started work at the Courseulles-sur-Mer offshore wind project in Normandy, the energy group's CEO Alessandro Puliti said on Monday, adding that the wind farm should be completed in 2025. Some big offshore wind projects around the world have recently been cancelled or delayed due to cost increases, and financial analysts were... Continue Reading →
Brazil Energy Insight 