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Oct. 10 (Reuters) Equinor has scrapped plans to cut greenhouse gas emissions by connecting several offshore platforms to Norway's onshore power grid, the company told the government on Friday, citing soaring costs. The oil and gas sector is Norway's largest source of climate emissions, accounting for about a quarter of the total. Around 80% of industry emissions... Continue Reading →
Oct. 9 (offshoreWIND.biz) Ørsted will lay off around 500 people by the end of this year and a total of approximately 2,000 towards the end of 2027. Of the 500 employees who will be made redundant in Q4 2025, some 235 are in Denmark. The company said on 9 October that the move to reduce... Continue Reading →
Oct. 9 (offshoreWIND.biz) The California Energy Commission (CEC) has awarded USD 20 million (approximately EUR 17 million) to the Port of Long Beach to fund the ongoing development of Pier Wind, a proposed USD 4.7 billion (approx. EUR 4 billion) terminal that would serve the floating wind industry. CEC has awarded the grant through the... Continue Reading →
Oct. 8 (Agencia Eixos by Gabriel Chiappini and Gustavo Gaudarde) The Working Group, announced last week, to discuss the regulation of offshore wind power, by the National Energy Policy Council (CNPE), has dashed the hopes of industry representatives that the third Lula administration would hold the first auction for the transfer of land for offshore... Continue Reading →
Oct. 8 (OE) Bureau Veritas Marine & Offshore (BV) has issued a certification for the recently inaugurated 25 MW Provence Grand Large floating offshore wind project, developed and owned by EDF Power Solutions, Enbridge and CPP Investments. BV has been involved in Provence Grand Large project journey since 2017, applying international certification methodologies. The certification... Continue Reading →
Oct 7 (Reuters) - Drilling and fracking activity in Argentina's Vaca Muerta, the world's fourth-largest unconventional oil reserve, is plateauing due to lower oil prices and rising costs, a slowdown that could complicate the political agenda of libertarian President Javier Milei. The huge Vaca Muerta formation in western Argentina accounts for 64% of the country's... Continue Reading →
Oct. 7 (offshoreWIND.biz) As the US seeks to reduce reliance on Chinese supply chains by prioritising domestic oil and gas, its offshore wind sector has faced many challenges, from policy setbacks to rising inflationary costs. Meanwhile, Rystad Energy projects that China will account for 45 per cent of global offshore wind capacity by 2030. Despite... Continue Reading →
Oct. 6 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of September. Key: (1) At the Polvo and Tubarão Martelo cluster, the workover of TBMT-6H well was completed on September 15, and the well returned to production. (2) At... Continue Reading →
Oct. 7 (OE) Portugal’s Galp has reached a farm-in agreement with KE STP Company, a Shell affiliate, for the acquisition of a 27.5% stake in São Tomé and Príncipe’s Block 4, forming a joint venture with Shell, Petrobras and ANP-STP. With the agreement, Galp expands its presence offshore São Tomé and Príncipe, entering another early-stage... Continue Reading →
Oct 6 (Reuters) - Colombian state-run oil company Ecopetrol is set to launch the bidding process later this month for a regasification project at its Covenas maritime terminal in the north of the country, CEO Ricardo Roa said on Monday. Ecopetrol will begin accepting binding bids for the project on October 14, with a winner expected... Continue Reading →
Brazil Energy Insight 