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(Reuters) Seven groups of energy companies have sought pre-qualification for Norway's first commercial offshore wind farm tender, the government said on Wednesday, while several others dropped out of the race as soaring costs dampened interest. The tender offers the opportunity to build bottom-fixed wind turbines in the North Sea with a capacity of 1.5 gigawatts,... Continue Reading →
(OW) Denmark-based Cadeler has entered into an unsecured green term loan facility with The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (HSBC). The purpose of the loan facility is, among others, to fund Cadeler’s construction of the X-class and F-class newbuild vessels and upgrade of the existing O-class vessels with new cranes, namely Wind Orca and Wind Osprey.... Continue Reading →
(OW) The Ventyr Energy consortium has submitted the application to prequalify for the development of the Sørlige Nordsjø II (Southern North Sea II) area in the Norwegian North Sea. In addition, Ventyr unveiled that Ingka Investments is to join the consortium. The Ventyr Energy consortium was first established as a partnership between Belgian offshore wind... Continue Reading →
(Reuters) - Argentina has a $12 billion energy conundrum: what to do about state subsidies that keep prices at a minimum for two-thirds of consumers, a popular measure that is straining state coffers and a deal with the International Monetary Fund (IMF). Those subsidies, that keep energy bills at under 15% of normal, will play... Continue Reading →
(OE) Norway-based Aker Solutions said Tuesday it had won a sizeable contract from Vattenfall for the Norfolk Vanguard East Offshore Wind Farm off the coast of Norfolk, UK. Aker Solutions defines a sizeable contract as being between NOK 0.5 billion and NOK 1.5 billion The scope of work for Aker Solutions includes the engineering, procurement,... Continue Reading →
(OE) Vattenfall has supplied the first power from its offshore wind farm, Vesterhav Syd, to the Danish power grid. "It was a culmination of almost seven years’ work on the wind farm, when the blades of the first wind turbine were turned up against the wind and started generating fossil-free electricity," Vattenfall said. The first... Continue Reading →
(OW) Ørsted’s Chief Financial Officer (CFO) and Chief Operating Officer (COO) are leaving the company, and with immediate effect, as a result of “a challenging and volatile business environment” in the industry, according to the offshore wind major. Ørsted is already head-hunting for the new CFO and COO. Daniel Lerup and Richard Hunter, Ørsted’s now-former CFO and... Continue Reading →
(OET) France’s energy giant TotalEnergies has published its new annual energy outlook, presenting scenarios for the evolution of demand and the global energy system to contribute to the energy transition’s debate in the run-up to COP28. While the decarbonization engine is not running smoothly and needs to be tweaked to reach full speed, the oil... Continue Reading →
(OE) Denmark-based offshore wind developer Orsted has decided to pull out of the Norwegian offshore wind partnership due to prioritization of investment in its portfolio. Ørsted joined Bonheur ASA's subsidiary Fred. Olsen Renewables AS, now Fred. Olsen Seawind ASA, and Hafslund in the Blaavin consortium in June 2021, in partnership for offshore wind developments in Norway.... Continue Reading →
(PN) Petrobras guarantees that the construction schedule for the Rota 3 gas pipeline is on track. The long-awaited project, which will significantly increase the quantity of natural gas in the market, should begin operations in the second half of 2024. The information was presented by the executive director of Engineering, Technology and Innovation at Petrobrás,... Continue Reading →
Brazil Energy Insight 