(OE) Endiprev has strengthen its international profile after becoming the lead engineering services provider for the 806 MW Vineyard Wind 1 project - USA’s first utility-scale offshore wind energy project. The Texas-headquartered company delivers a range of specialized technical and engineering services for onshore, offshore and high voltage energy generation. Endiprev is currently performing mechanical... Continue Reading →
Three New England States Extend Offshore Wind Solicitation Due Date
(Reuters) Massachusetts, Connecticut and Rhode Island extended on Thursday the date bids are due in the states' next offshore wind solicitations from Jan. 31 to March 27. Offshore wind is expected to play a critical role in U.S. President Joe Biden's and several states' plans to decarbonize the power grid and combat climate change. But... Continue Reading →
US Plugs in First Large Offshore Wind Farm as Developers Play Catch-up
(Reuters) The U.S. offshore wind industry reached an important milestone on January 2 when Vineyard Wind 1, the country’s first large scale project, supplied first power to the Massachusetts grid. “As the nation’s first utility-scale offshore wind farm this is a fairly momentous event,” Ken Kimmell, Chief Development Officer for Avangrid, the Iberdrola subsidiary co-developing the... Continue Reading →
ABB to Deliver Electrical System for ExxonMobil’s Errea Wittu FPSO
(OE) Singapore’s Offshore Frontier Solution – a joint venture between MODEC and Toyo Engineering Corporation – has awarded ABB a contract to deliver a complete electrical system and associated digital solutions for Errea Wittu floating production storage and offloading (FPSO) unit. Errea Wittu FPSO will be operated approximately 200 kilometers off the coast of Guyana... Continue Reading →
US DOE Launches $14.5M Marine Energy Research Call
The U.S. Department of Energy's (DOE) Water Power Technologies Office (WPTO) and Wind Energy Technologies Office (WETO) have released a $14.5 million funding opportunity to support foundational research at higher education institutions related to marine renewable energies. The call is aimed at domestic institutions of higher education, including minority-serving institutions, as part of an effort... Continue Reading →
bp signs memorandum for production of green hydrogen and derivatives in Ceará
(epbr) The British oil company bp signed a Memorandum of Understanding (MoU) with the government of Ceará to study the construction of a production plant for green hydrogen and derivatives, such as green ammonia, in the Industrial and Port Complex do Pecém (CIPP). This is the 36th memorandum signed between the state government and national... Continue Reading →
EXCLUSIVE: 3R shareholder proposes merger of assets with PetroReconcavo
(BJ) A relevant shareholder of 3R Petroleum is proposing a carveout of the company's onshore oil fields and the incorporation of these assets by PetroReconcavo, in a transaction that shows the struggle of junior oils for scale, sources familiar with the matter told Brazil Journal. The rationale for the transaction is already known to the... Continue Reading →
New cost estimation tool streamlines decision-making for oil & gas and offshore wind projects
FutureOn, a Norwegian software company specializing in the energy sector, has joined forces with Rystad Energy to launch a digital tool that integrates up-to-date cost estimation with live project data for energy developments, opening doors to accelerated project delivery and efficiency for companies across the energy supply chain. According to FutureOn, its FieldTwin and Rystad... Continue Reading →
Guyana Expects $2.4 Billion in Oil Revenue in 2024 as Output Rises
(Reuters) Guyana said it expects to receive some $2.1 billion from oil exports and $320 million from royalties this year as crude production continues to rise, an increase from the $1.62 billion received in 2023. The South American nation's gross domestic product is expected to increase by 34.3% in 2024, the fifth consecutive year of... Continue Reading →
Mexico Pacific and ExxonMobil sign additional LNG offtake agreement
(OET) LNG project developer Mexico Pacific has signed a third long-term sales and purchase agreement (SPA) with ExxonMobil LNG Asia Pacific for an additional 1.2 million tonnes per annum (mtpa) of LNG from Train 3 of Mexico Pacific’s Saguaro Energia project located on the west coast of Mexico. With this agreement, ExxonMobil exercised the option... Continue Reading →