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(Reuters) Japan has agreed to partner with the United States to help reduce the cost of floating offshore wind projects, the White House said in a statement released during Prime Minister Fumio Kishida's visit to Washington to meet with President Joe Biden. Under the agreement, Japan and the U.S. would work to accelerate developments in... Continue Reading →
(Reuters Breakingviews) - Cable maker Prysmian (PRY.MI), opens new tab is once again in expansion mode. Six years after swooping on General Cable, opens new tab, the acquisitive $15 billion manufacturer of electric wires and fiber connections has agreed, opens new tab to buy smaller U.S. rival Encore Wire (WIRE.O), opens new tab for about $4.2 billion. The deal does not come... Continue Reading →
SBM Offshore is pleased to announce that ExxonMobil Guyana Limited (“EMGL”) has confirmed the award of contracts for the Whiptail development project located in the Stabroek Block in Guyana. Under these contracts, SBM Offshore will construct and install FPSO Jaguar. Ownership will transfer to EMGL prior to the FPSO’s installation in Guyana, and SBM Offshore... Continue Reading →
(Reuters) - The European Union will investigate subsidies received by Chinese suppliers of wind turbines destined for Europe, the bloc's anti-trust commissioner, Margrethe Vestager, has said. Tuesday's move is the latest in a growing effort in both Europe and the United States to shield domestic clean energy industries from cheap Chinese imports, which authorities say benefit... Continue Reading →
(OE) Norwegian offshore energy industry services company Axess Technologies has signed a contract for the delivery of an export cable pull-in system to Seatrium, which is in charge of the construction of offshore substation for Empire Wind 1 offshore wind project in the United States. The contract is for the design, engineering and supply of... Continue Reading →
(Reuters) - BP (BP.L), opens new tab said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months. The London-listed oil major also expects strong results in oil and gas trading, along with a $100 million-$200 million boost from improved oil refining... Continue Reading →
(Reuters) BP is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, according to three people familiar with the talks. BP is Trinidad and Tobago's largest natural gas producer with an output of just over 1.3 billion cubic feet per day (bcfd), most... Continue Reading →
(offshoreWindbiz) Brazil’s SENAI Institute for Innovation in Renewable Energies (ISI-ER) installed a LiDAR in the Paracuru municipality in the state of Ceará on 3 April, the last piece of equipment of what is said to be the largest offshore wind resource monitoring network in Brazil. Through an agreement with the Ministry of Science, Technology and... Continue Reading →
(offshoreWind.biz) Brazil’s SENAI Institute for Innovation in Renewable Energies (ISI-ER) expects to receive a licence for a pilot offshore wind project in the state of Rio Grande do Norte in the second half of this year. ISI-ER filed an application with the country’s Institute for the Environment and Natural Resources (IBAMA) at the beginning of... Continue Reading →
(Reuters) - Guyana’s efforts to use its natural gas resources to fuel a power plant that would slash the South American nation's energy costs have snagged on construction delays and threaten to curtail the rising oil hotspot's revenue this year by about $1 billion. The $1.9 billion gas-to-power project, Guyana's biggest effort to capitalize on its... Continue Reading →
