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(Reuters) - Canadian pipeline company Enbridge (ENB.TO) is keen on further offshore wind investments in France, but will avoid the United States, where cost and supply chain problems have contributed to offshore projects collapsing, a senior executive said. Rising costs have led to canceled projects in the U.S. and Britain while putting others at risk. The setbacks... Continue Reading →
(OW) RWE has released the official name of its floating wind project in California and revealed that the company will open an office in the city of Eureka in early 2024. The project, named Canopy Offshore Wind Farm (Canopy), is being developed at a site located 45 kilometres (28 miles) off the coast of Humboldt... Continue Reading →
(OE) Mitsui O.S.K. Lines (MOL) and Hokutaku, Japan's largest wind turbine maintenance company, have made an agreement to form a capital alliance as MOL pursues growth in its non-shipping businesses like offshore wind. The capital alliance entails MOL's acquisition of a majority of the outstanding shares of Hokutaku, the largest third-party wind maintenance company in... Continue Reading →
(OW) The US Bureau of Ocean Energy Management (BOEM) has launched a public consultation on the potential development of six wind lease areas offshore New York and New Jersey, in an area known as the New York Bight. In February 2022, BOEM held an auction that brought in over USD 4.3 billion for the rights... Continue Reading →
(TCD) The designation of “world’s largest” wind turbine seems to be a fleeting recognition, as innovations taking the tech to new heights frequently make headlines. Some of the latest windcatchers also leverage wood, unique shapes, and extreme designs to create electricity. The latest turbine coming from China’s Mingyang Smart Energy is made for higher gusts and can... Continue Reading →
(OET)Thanks to multiple discoveries, Guyana has quickly emerged as a global oil and gas exploration hotspot. In recognition of this, India recently greenlighted the inking of a memorandum of understanding (MoU) between its Ministry of Petroleum and Natural Gas and Guyana’s Ministry of Natural Resources to join forces in the hydrocarbon sector. The two countries... Continue Reading →
(OE) Every single turbine at Vattenfall’s 168 MW offshore wind farm Vesterhav Syd has now delivered power to the Danish electricity grid. The offshore wind farm is now completely connected to the Danish power grid, following the supply of power from the first turbines back in November 2023. Since then, the remaining turbines have been linked... Continue Reading →
(Reuters) - Utility firm Eversource Energy (ES.N) said on Monday it would record an after-tax impairment charge, other than temporary, of $1.4 billion to $1.6 billion in the fourth quarter related to some wind projects. Shares of the company fell nearly 3% in trading after the bell. Eversource said it would incur a charge of about $800... Continue Reading →
(OE) Bourbon Subsea Services has installed a floating electrical hub (FEH) at the Eolmed floating offshore wind farm in France, completing the first stage of the 30 MW project. The FEH for the pilot floating farm was installed off Portla-Nouvelle in southern France in fall 2023. This project will involve three 10 MW-rated wind turbines, supplied... Continue Reading →
(Reuters) - Exxon Mobil's write-down of about $2.5 billion of troubled California properties aims to end five decades of offshore oil production in the state, but a full exit from those assets could take some time. Sable Offshore, a company created in 2020, agreed more than a year ago to pay $643 million for Exxon's... Continue Reading →
Brazil Energy Insight 