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(Institution of Mechanical Engineers)According to the Global Wind Energy Council’s Global Wind Report 2024, installed offshore wind capacity surpassed 75GW at the end of 2023. But with ambitious targets set for 2050, the industry must look at ways to speed up planning and construction, and fine-tune operations and maintenance of existing assets. To reach the... Continue Reading →
(OilPrice.com) Guyana would welcome U.S. firm Chevron joining the major oil projects that its peer Exxon is currently developing offshore the South American country, Guyana’s President Irfaan Ali has told the Financial Times. Chevron has proposed a multi-billion all-stock transaction to buy U.S. firm Hess, which is a minority partner of Exxon in Guyana’s prolific Stabroek... Continue Reading →
(Reuters) - Portugal's new government is committed to developing offshore wind energy and also sees "repowering" onshore wind farms and promoting solar projects, including small-scale ones, as a priority, the environment minister said on Monday. Maria da Graca Carvalho said the government would announce some details of its offshore wind energy policy in July as... Continue Reading →
(Reuters) Oil major BP and U.S. shale producer EOG Resources are in discussions to jointly develop a natural gas field off the coast of Trinidad and Tobago, the British company said. The field holds just under 1 trillion cubic feet (tcf) of natural gas, but will eventually be tied back to another BP discovery, bringing... Continue Reading →
(offshoreWind.biz) The California Independent System Operator (CAISO) has approved the 2023-2024 Transmission Plan that identifies and plans for key upgrades to California’s transmission system to deliver power from offshore wind turbines to the state’s homes and businesses. CAISO unveiled its draft 2023-2024 Transmission Plan last month which identifies a need to invest in 26 transmission... Continue Reading →
(Reuters) - Rating agency Moody's on Wednesday downgraded Colombian majority state-owned energy company Ecopetrol into junk territory, citing increased indebtedness, a boost in dividends and an ambitious investment plan over the next three years. Moody's cut Ecopetrol's long-term issuer rating and senior unsecured ratings to Ba1, considered "junk," from Baa3. Ecopetrol has been taking on... Continue Reading →
(OE) Dominion Energy has announced that the first monopile foundation for the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW), the largest offshore wind farm under construction in the United States, has been installed approximately 29 miles off the Virginia Beach coast. The monopile was installed by the Orion, DEME Group's heavy lift vessel. Once complete in... Continue Reading →
(Reuters) The incoming chief executive of Petrobras will execute its investment plan with no "surprise" for investors, Brazil Mines and Energy Minister Alexandre Silveira said on Tuesday, in his first comments since the state-run oil firm announced a CEO swap. The minister downplayed concerns of a government intervention at Petrobras, which dismissed former CEO Jean... Continue Reading →
(OE) Apollo and DOF, in collaboration with the ORE Catapult’s Floating Offshore Wind Centre of Excellence (FoWCoE), have delivered the study on GW-scale floating offshore wind installation methods. Installing a single, state-of-the-art floating offshore wind turbine (FOWT) represents a milestone in offshore marine operations. However, GW-scale floating wind farms will require approximately sixty FOWTs, which... Continue Reading →
(OE) Saipem has been awarded three new contracts by TotalEnergies for the Kaminho project, relating to the development of Cameia and Golfinho oil fields offshore Angola, worth $3.7 billion. The first of the contracts, awarded by TotalEnergies' subsidiary TotalEnergies EP Angola Block 20, refers to the Engineering, Procurement, Construction, Transportation and Commissioning of the Kaminho... Continue Reading →
