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(OET) Reusing existing pipelines for offshore hydrogen is the best solution that can be used, however, this does come with certain challenges, according to Bart Steuten, Product Development Manager at Strohm, Dutch thermoplastic composite pipe (TCP) producer. Steuten discussed the production of hydrogen offshore, what we can expect in the future, the good sides of... Continue Reading →
(Reuters) - The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs. The offshore wind industry is expected to play a major role in helping several states and U.S. President Joe Biden meet goals... Continue Reading →
(OE) German utility RWE on Thursday said it would acquire three offshore wind projects off the English coast from Sweden's Vattenfall in a deal that values the assets at 963 million pounds ($1.2 billion). The UK Norfolk Offshore Wind Zone portfolio consists of three 1.4 gigawatt projects, RWE said. The transaction was expected to close... Continue Reading →
(OE) Cadeler and Eneti have officially completed their merger, creating a leading offshore wind installation company. The New York- and Oslo-listed group will be named Cadeler and be headquartered in Copenhagen, Denmark, with offices across the world in Denmark, U.K., U.S., Taiwan, and Japan. Mikkel Gleerup, CEO of Cadeler, said, “This marks a historic moment... Continue Reading →
(OW) Ørsted has taken the final investment decision (FID) on what the company says is the world’s single largest offshore wind farm, the 2.9 GW Hornsea 3, which is expected to be completed around the end of 2027. In July 2022, Ørsted was awarded a contract for difference (CfD) for Hornsea 3 at an inflation-indexed strike price of GBP... Continue Reading →
(OW) Vattenfall has signed agreements with Vestas for three large-scale offshore wind projects in the Norfolk Zone, UK, where the developer plans to use the new V236-15 MW wind turbines. This marks a switch in the wind turbine model planned for the projects as the developer first named Siemens Gamesa as the preferred supplier in... Continue Reading →
Shell Offshore Inc., a subsidiary of Shell plc, today announced the Final Investment Decision (FID) for Sparta, a deep-water development in the U.S. Gulf of Mexico that represents our competitive approach to simplifying and replicating projects. Owned by Shell Offshore Inc. (51% operator) and Equinor Gulf of Mexico LLC (49%), Sparta is expected to reach a... Continue Reading →
(OET) U.S. energy major New Fortress Energy (NFE) has revealed that the construction of its Santa Catarina (TGS) terminal in Brazil is complete, and the company is looking forward to the arrival of the floating storage and regasification unit (FSRU) Energos Winter in January 2024. The first LNG terminal in the south of the country,... Continue Reading →
(OE) The WECHULL+ project, co-ordinated by RISE Research Institutes of Sweden, has received a $2.7 million grant from the European Union to develop novel floating structures based on high-performance concrete for offshore renewable energy sector. The project, funded by the EU Clean Energy Transition Partnership (CETP) program, will develop and test new floating structures in... Continue Reading →
(OE) Despite short-term obstacles driven by high inflation and interest rates coupled with supply chain issues, we maintain that the foundations supporting long-term offshore wind activity remain solid. As we prepare for the new year, let us look at 10 factors that will shape the offshore wind sector in 2024. 1. A Continuously Dynamic Energy... Continue Reading →
Brazil Energy Insight 