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(Reuters) - Norwegian oil services firm Aker Solutions (AKSOA.OL) on Thursday raised its full-year sales guidance on the back of high tender activity and increased spending from oil companies. It said it now expected revenues to increase by around 30%, up from guidance given in May for "more than 15%". It reiterated guidance for an improved operating... Continue Reading →
(OW) Germany’s first dynamic bidding process, covering four offshore wind zones with a combined capacity of 7 GW, has generated EUR 12.6 billion in proceeds, according to the Federal Network Agency. The bidding period for the participation in the tenders for the four areas that were not centrally pre-examined ended on 1 June. The auction... Continue Reading →
(OW) UK-based Jee Limited (Jee) and the Dutch consultancy IX Renewables have agreed to join forces on the development of a series of offshore wind projects, including floating wind farms. IX Renewables will set up and manage the developments while Jee will provide engineering services throughout the lifespan of the projects, including conceptual, FEED, and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that, as a follow-up to the release disclosed on May 29, 2023, it has entered into a new natural gas contract with Companhia de Gás de São Paulo ("Comgás"), effective from January 2024 until December 2034, in the estimated amount of R$ 56 billion. The contract is the result... Continue Reading →
Norwegian state-owned oil and gas giant Equinor has disclosed video footage, showing a floating production storage and offloading (FPSO) vessel, which will work on its field offshore Brazil, leaving a Chinese shipyard, following 32 months of work. Equinor’s video shows the FPSO Bacalhau hull leaving the Dalian Shipbuilding (DSIC) shipyard in China. This comes over a month after... Continue Reading →
Seaway7 has completed the full engineering, procurement, construction, and installation (EPCI) cables scope on the Seagreen wind farm offshore Scotland, a joint venture project between SSE Renewables and TotalEnergies. The inter-array cable team completed the termination and testing last weekend and the trenching was completed yesterday, said Seaway7. This follows less than six weeks after the final... Continue Reading →
(Reuters) Danish green investment company Copenhagen Infrastructure Partners (CIP) has raised 5.6 billion euros ($6.13 billion) for its latest fund and expects to meet its full 12 bln euro target amid undiminished global investor appetite, it said on Monday. The investors necessary to meet the overall target for its fifth flagship fund - Copenhagen Infrastructure... Continue Reading →
(Reuters) Suriname said on Thursday it signed a memorandum of understanding with Trinidad and Tobago that aims to increase energy cooperation, and people familiar with the matter said it could lead to natural gas from Suriname being piped to Trinidad and Tobago. Trinidad and Tobago has been searching for ways to expand its supplies of... Continue Reading →
(OE) To reach net zero, the world may need as many 200,000 offshore wind turbines generating 2,000 gigawatts (GW) of energy. To put this in context, by the end of 2022, 63 GW of offshore wind capacity had been installed worldwide. Within the next 28 years, the offshore wind energy sector needs to expand so that it is capable of producing... Continue Reading →
(Reuters) The bosses of global energy companies this week urged governments to shift the focus to limiting oil demand to reduce emissions, rather than pressuring producers to curb supply, which they say serves only to increase prices. Some western governments have announced plans to scale back or halt oil developments and last year, they increased... Continue Reading →
