(OE) Rovco, a UK-based subsea robotics and survey firm, has added a second hull mounted survey vessel to its fleet with the long-term charter of the DP2 vessel Glomar Worker. The four-year charter with Glomar comes in response to client demand for innovative geophysical and geotechnical survey solutions, according to the company. Rovco has started... Continue Reading →
Siemens Energy Q1 preliminary results above expectations, keeps outlook unchanged
(Reuters) - Siemens Energy (ENR1n.DE), opens new tab said its preliminary financial results on Tuesday were above market expectations, with revenue up 12.6% on a comparable basis to 7.65 billion euros ($8.29 billion) and a profit margin before special items of 2.7%. The company kept its outlook for the year unchanged, pointing to expected variations across its... Continue Reading →
Milei Suspends Plan to Privatize Argentina State Oil Company YPF
(Bloomberg) -- The privatization of state-run oil company YPF SA is no longer included in sweeping reforms that President Javier Milei is trying to get approved by Argentina’s congress, according to a summary of the legislation circulated by the government Monday. The so-called omnibus bill, currently up for debate in the lower house, was changed... Continue Reading →
TotalEnergies and European Energy Strengthen Offshore Wind Ties
(OE) French energy major TotalEnergies has signed an agreement with European Energy to develop offshore wind projects in three Nordic countries, including Denmark, Finland and Sweden. The agreement covers 405 MW of offshore wind power under development in Denmark, and new large scale offshore wind projects to be developed jointly by TotalEnergies and European Energy... Continue Reading →
Exclusive: Petrobras expects to buy domestic wind, solar stakes this year, CEO says
(Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA), opens new tab will this year start buying stakes in domestic onshore wind and solar projects to create a roughly 2 gigawatts (GW) renewable energy portfolio, the firm's chief executive told Reuters. Petroleo Brasileiro is looking to buy stakes in assets that are already operational, Jean Paul Prates said... Continue Reading →
Connecticut, Massachusetts, Rhode Island Push Back Offshore Wind Bidding Deadline
The US State of Massachusetts has extended the deadline for submitting bids in its ongoing offshore wind energy solicitation until 27 March. Connecticut and Rhode Island, Massachusetts’s partner states under an agreement signed last year that allows for the procurement of multi-state offshore wind projects, have also extended the bidding deadline in their respective solicitations.... Continue Reading →
Europe Installs Record-Breaking 4.2 GW of Offshore Wind in 2023
(OW) Europe’s offshore wind industry brought online a record 4.2 GW of new capacity in 2023 and is expected to build around 5 GW of offshore wind annually over the next three years, according to WindEurope data. However, this is still not enough to meet the continent’s 2030 climate and energy security targets, WindEurope added.... Continue Reading →
Wison New Energies starts pre-FEED work for two FLNG projects in Nigeria
(OET) China-based provider of clean energy services Wison New Energies, formerly known as Wison Offshore & Marine, has initiated the design validation and pre-FEED phase for two floating LNG (FLNG) projects in Nigeria. Following the signing of the contract and disbursement of mobilization funding, Wison New Energies officially commenced the pre-FEED phase for two 3... Continue Reading →
Eni Joins Partnership to Develop Offshore Wind Projects in Spain
(OE) Eni-controlled company Plenitude has reached an agreement with BlueFloat Energy and Sener Renewable Investments to join their strategic partnership to advance the development of offshore wind projects in Spain. The agreement with Plenitude bolsters the joint venture formed by BlueFloat and Sener Renewable Investments three years ago, creating a leading consortium in the offshore... Continue Reading →
CIP Sets Up New Company to Develop Energy Islands Globally
(OE) Copenhagen Infrastructure Partners (CIP) has launched Copenhagen Energy Islands (CEI), a new development company dedicated to developing energy islands globally with backing from Nordic, European, and North American investors Copenhagen Energy Islands will build on CIP’s long-standing experience and expertise within offshore wind to develop energy island projects globally, and is currently developing a... Continue Reading →