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(OET) Subsea power cable manufacturer NKT has reported a record-high order backlog for high-voltage cables for 2023, with 45% of orders coming from offshore wind. At the end of last year, NKT’s order backlog was at €10.8 billion, more than double the company saw at the end of 2022. In its full-year 2023 results, the... Continue Reading →
(OM) The start of 2024 marks a period where the “readjustment” of the US wind segment is becoming more apparent, according to recent analysis from market analysis firm Intelatus Global Partners. At a federal level, nearly nine gigawatts (GW) of lease potential in the Central Atlantic and Oregon have passed further hurdles to be auctioned... Continue Reading →
(Reuters) - Guyana may revise terms of its latest oil-production sharing contract and its regulatory framework before a second offshore bidding round, Vice President Bharrat Jagdeo said on Tuesday. Guyana last August updated the production sharing agreement (PSA) and Petroleum Act that set regulatory terms for producers ahead of a first oil round that drew... Continue Reading →
(PN) The director of Energy Transition and Sustainability at Petrobras, Mauricio Tolmasquim, said today that the company is still awaiting the approval of a legal framework for offshore wind power to definitively enter this new sector. “We will not enter offshore wind until we have the regulatory framework. But just having the law is not... Continue Reading →
(Reuters) - Guyana plans to disclose winners of the country's first competitive auction of offshore oil blocks by the end of March, an official with the country's Ministry of Natural Resources said on Monday. The government continues to review proposals and analyze documents provided by six of eight groups that placed bids in an oil auction... Continue Reading →
(OE) Germany's top utility RWE has signed six new power purchase agreements (PPAs) with major industrial customers for the supply of around 1,000 GW/h of green power per year from its Kaskasi offshore wind farm, starting from 2026. The PPAs have been signed between RWE Supply & Trading and DHL Group, Ensinger, Evonik, Infraserv Höchst,... Continue Reading →
(TN) Brazil is the sixth country in the world that invested the most in energy transition and the leader in Latin America, according to BloombergNEF's Energy Transition Investment Trends 2024 report. The document highlighted that the country invested, in 2023 alone, around US$34 .8 billion. Renewable energy, electric vehicles, hydrogen and carbon capture drove year-on-year... Continue Reading →
(Reuters) - Italian cablemaker Prysmian (PRY.MI), opens new tab has shifted around management in Brazil and Latin America as it gears up local plants to boost supply to the electricity sector and future offshore wind farms in the region, the company told Reuters. Raul Gil Boronat, who led Prysmian in Brazil, took over as CEO for Latin... Continue Reading →
(OE) NOV reports its Lifting & Handling group has sold what is said to be the industry’s first-ever electric subsea crane. The order was booked at the end of 2023 with an undisclosed client in Europe, NOV said. The first-of-its-kind crane offers enhanced efficiency compared to electro-hydraulic cranes, helping lead to reduced vessel emissions, the... Continue Reading →
(OE) After a thorough review, the Norwegian government has approved five applicants for the upcoming offshore wind auction round for Sørlige Nordsjø II (Southern North Sea II). The consortia that qualified for the auction includes Aker Offshore Wind, BP and Statkraft; Equinor adn RWE; Norseman Wind, an Energie Baden-Württemberg (EnBw) subsidiary; Shell, Lyse and Eviny;... Continue Reading →
Brazil Energy Insight 