Brazil’s Raizen mulls asset sales and partnerships to boost growth

(Reuters) - Brazilian energy company Raizen Energia SA (RAIZ4.SA) is mulling divestment opportunities and strategic partnerships to drive growth across its business units, company executives said on Wednesday. Raizen, a joint-venture between Shell PLC (SHEL.L) and Cosan (CSAN3.SA), has many assets that could be monetized through sales or partnerships, its CEO Ricardo Mussa said during a meeting with investors and... Continue Reading →

May 24, 2023 0

UK’s SSE to Spend Up to $50.5B This Decade on Clean Energy Projects

(Reuters) British power generator and network operator SSE Plc on Wednesday set out plans to invest up to 40 billion pounds ($50.48 billion) this decade on clean energy projects and called on the government to ensure the country remains competitive. Britain is aiming to ramp up its renewable power capacity as it seeks to meet... Continue Reading →

May 24, 2023 0

Siemens Gamesa Executive Says Wind Turbine Makers Need Cash Support

(OE) Big Western wind turbine makers need direct financial support to make the investments needed to aid decarbonisation, Siemens Gamesa's operating chief said on Tuesday. The challenge for a turbine maker like Siemens Gamesa, a unit of Germany's Siemens Energy ENR1n.DE, to grow is that it needs to invest billions of euros but does have... Continue Reading →

May 23, 2023 0

Provence Grand Large Floating Wind Farm: First Foundation Floated Out

(OE) The first of three SBM Offshore designed foundations of the Provence Grand Large floating wind farm was floated out this week at the fabrication yard in Fos-sur-Mer, France. Eiffage Metals, the Fos-sur-Mer fabrication yard owner, said Monday:”The three [floating foundations] of this [offshore wind farm] were assembled in our plant in Fos-sur-Mer. These tripod-shaped... Continue Reading →

May 23, 2023 0

How to Stop Skyscraper-sized Floating Wind Turbines from Drifting Away

(OE) Growing demand for cleaner energy sources means offshore wind farms are being built all over the world. More than 5,000 turbines must be installed each year until 2050 to limit global warming to 1.5℃. But in certain regions, like California, it is difficult to build wind turbines directly on the seafloor due to the... Continue Reading →

May 23, 2023 0

Scottish INTOG Innovation Projects Clear First Stage with Crown Estate Scotland

(OW) All five innovation projects selected in Scotland’s INTOG (Innovation and Targeted Oil & Gas) leasing round have now signed exclusivity agreements with Crown Estate Scotland, which allows the developers to start offshore wind development work while Marine Scotland’s planning process for the INTOG Sectoral Marine Plan (INTOG SMP) is completed. The INTOG leasing round has three... Continue Reading →

May 23, 2023 0

Modec’s FPSO Guanabara completes one year of operation

The FPSO Guanabara (Mero 1) completed one year of operation on April 30th. This FPSO is the first of a series of four definitive platforms scheduled for the unitized Mero field, in the Libra block (Strategic Plan 2023-2027).In that first year, several milestones were achieved: the TOP of the unit in January/2023, the production record... Continue Reading →

May 22, 2023 0

CNOOC’s Floating Wind Turbine Starts Powering Offshore Oil Fields

(OE) China's CNOOC Limited said Monday that the Wenchang deep-sea floating wind demonstration project has been connected to the grid for power generation. The demonstration project is located near the Wenchang oilfields in the western part of the South China Sea, 136 kilometers away from the shore in a water depth of 120 meters. "The... Continue Reading →

May 22, 2023 0

BOEM Completes Environmental Analysis of New Jersey Offshore Wind Project

The U.S. Bureau of Ocean Energy Management (BOEM) said Monday it had completed its environmental analysis of the proposed Ocean Wind 1 wind project offshore New Jersey, which could power up to a half million households. As part of the Ocean Wind 1 project, Orsted's Ocean Wind LLC proposes to build up to 98 wind turbine generators... Continue Reading →

May 22, 2023 0

Equinor puts Norwegian Trollvind offshore wind farm on hold

(Reuters) - Equinor (EQNR.OL) will postpone indefinitely its planned Trollvind floating offshore wind farm project in Norway, the Norwegian energy company said on Monday. "This decision is based on several challenges facing the project, including technology availability, rising cost and a strained timetable to deliver on the original concept," Equinor said in a statement. Equinor initially mooted... Continue Reading →

May 22, 2023 0