Brought to you by Quest Offshore & Southern Cone Consultants
(OET) Prysmian Group has completed the pre-termination phase for the dynamic cables destined for a floating offshore wind farm off the coast of France – said to be the company’s first turnkey project of a dynamic cables system for a floating wind farm. Prysmian announced the completion of the dynamic cables’ pre-termination phase for the Provence Grand Large floating wind farm,... Continue Reading →
(Reuters) Denmark's Orsted said on Wednesday it had recorded a 28.4 billion Danish crowns ($4.03 billion) impairment charge for the first nine months of 2023, and that it will cease work on its U.S. offshore wind projects Ocean Wind 1 and 2. The world's largest offshore wind farm developer has made a final investment decision on Revolution... Continue Reading →
The US Department of Interior (DOI) has approved the construction and operations plan (COP) for Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. Dominion Energy submitted COP to the US Bureau of Ocean Energy Management (BOEM) for the offshore wind farm in December 2020. The Record of Decision (ROD) documents the decision to approve the... Continue Reading →
(Reuters) European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840 million in impairments in recent days. Orsted, the world's largest offshore wind developer, said in August it may see impairments of 16 billion Danish crowns ($2.3 billion) on its... Continue Reading →
Fugro’s revenue for the third quarter of 2023 is €608.9 million, an increase from €480.2 million reported in the same quarter of 2022 – a result said to be due to better contracting conditions, high activity levels and good project execution. Fugro reported that its revenue was up by 32.6% on a currency-comparable basis, by... Continue Reading →
(OW) The US Bureau of Ocean Energy Management (BOEM) has finalized four new wind energy areas (WEAS) in the Gulf of Mexico that could support offshore wind projects with the potential to produce enough renewable energy to power more than three million homes. The four WEAs include Option J, 495,567 acres located approximately 47.2 miles off... Continue Reading →
(Reuters) Norwegian energy firm Equinor will submit a proposal to pre-qualify for Norway's first offshore wind auction, the company's CEO Anders Opedal told Reuters last Friday. Equinor has formed a consortium with Germany's RWE for Soerlige Nordsjoe II, an area in shallower waters close to the maritime border with Denmark, where Norway is offering 1.5 gigawatts (GW)... Continue Reading →
(Reuters) Portuguese oil company Galp Energia said on Monday that its adjusted third-quarter profit rose 12% on year as refining margins almost doubled, offsetting a decline in crude output following the sale of its Angolan fields and lower oil prices. It reported a net profit of 210 million euros ($221.84 million), less than the 241... Continue Reading →
(Reuters) Colombia will receive offers for offshore wind blocks in August 2024, according to a timeline published by the government on Friday, following a presentation it gave to private companies and European government representatives. The government of President Gustavo Petro, Colombia's first leftist leader, has said he intends to wean the Andean country off its... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 02/08/2023 and 09/04/2023, informs of the start of the binding phase for the sale of its 18.8% stake in UEG Araucária S.A. (UEGA), together with its partners, Companhia Paranaense de Energia - COPEL and COPEL Geração e Transmissão S.A., which hold 20.3% and... Continue Reading →
