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(OP) Spain’s Iberdrola and the UAE’s Masdar agreed on Tuesday to form a strategic partnership looking to invest $16.2 billion (15 billion euros) in offshore wind and hydrogen in major markets including the U.S., the UK, and Germany. Iberdrola, a utility giant with 41 gigawatts (GW) of renewables in operation, and the UAE’s clean energy developer Masdar... Continue Reading →
Vattenfall and BASF are in exclusive discussions to partner on the Nordlicht 1 and 2 offshore wind farms in Germany through a sale of 49 per cent of the project shares to BASF. To formally express their joint ambition, the two companies have signed a Memorandum of Understanding (MoU). The signing of the transaction is... Continue Reading →
(Reuters) - Governments have decided to pay up to revive offshore wind farm developments after rising costs put at risk multiple projects that are needed to help them cut emissions and reach climate targets. Many countries are relying on a huge and rapid build-out of offshore wind farms which have high upfront costs but over... Continue Reading →
(OET) Norway-headquartered seismic company PGS has made progress in its merger with TGS after shareholders of both companies threw their support behind the merger in a bid to establish a stronger and more diversified geophysical company and data provider to the energy value chain. Back in September 2023, TGS and PGS announced their agreement on principal terms... Continue Reading →
The MOU was signed this Saturday morning that will allow joint investments by the National Bank for Economic and Social Development (BNDES) and the World Bank in the low-carbon hydrogen value chain. According to the document, the focus will be on carbon capture projects; electrolysers and associated equipment; shared logistics and infrastructure in hubs focused... Continue Reading →
(OE) DNV secured partners to launch a new project to enhance technology development and prepare for scale/industrialization of concrete substructures for floating offshore wind. The new Joint Industry Project (JIP) called Concrete FLOW will optimize requirements for concrete floaters (floating or semisubmersible structures, generally moored to the seabed, used as foundations upon which equipment can be mounted),... Continue Reading →
(OE) Fincantieri has set the main terms and conditions for the acquisition of 100% of the shares of Remazel Engineering S.p.A. from Advanced Technology Industrial Group S.A. Remazel is a leader specialized in the design and supply of highly customized and complex topside equipment. The transaction enables Fincantieri to acquire highly specialized capabilities in the... Continue Reading →
Petrobras installed a LiDAR (Light Detection and Ranging) sensor on the PPE-1A platform, in the Pescada field (RN). This is the state’s second platform to have sensors installed to measure speed and wind direction, among other weather variables. Studies that have been conducted are essential for the implementation of offshore wind projects, as the company... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed new natural gas contracts with Companhia Distribuidora de Gás do Rio de Janeiro (CEG) and CEG RIO S.A. (CEG RIO) and that their effectiveness will begin on 12/01/2023, as a result of compliance with the conditions agreed between the parties, following the signing of an... Continue Reading →
(OET) Dutch designer and manufacturer of heavy construction equipment Huisman has unveiled a cable-lay system that ensures fast mobilization and demobilization. This development has been spurred by the growing market need for diverse deployment scenarios of multi-purpose vessels (MPVs). The Dutch player dedicated to providing sustainable solutions for the installation of future offshore wind farms... Continue Reading →
