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 →
Danish Green Energy Investor CIP Secures $6B for New Fund
(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 →
Trinidad and Tobago, Suriname Sign Preliminary Energy Agreement
(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 →
The World Needs 200,000 More Offshore Wind Turbines – Where Will They All go?
(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 →
Tackle Demand, Not Supply, to Cut Emissions, Oil Bosses Say
(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 →
French Companies to Form Floating Offshore Wind Joint Venture
France’s BW Ideol and its compatriot ADEME Investissement have entered into a final agreement for a funding injection to set up a new floating offshore wind company. Under the contract, BW Ideol will transfer its co-development project portfolio to BW Ideol Projects Company with ADEME investing an initial EUR 17.85 million at the first financial... Continue Reading →
Iberdrola’s First French Offshore Wind Farm Begins Supplying Electricity to the Grid
(OE) Spanish renewable energy company said Thursday that its first French offshore wind farm has officially started supplying electricity to the grid. Electricity from the Saint-Brieuc offshore wind farm has started feeding into the grid in Brittany for the first time, as the wind farm is connected to the national electricity grid managed by RTE.... Continue Reading →
Exxon signals sharp profit drop, cites low natgas prices, refining margins
(Reuters) - Exxon Mobil Corp (XOM.N) on Wednesday signaled second-quarter operating profits fell sharply on lower natural gas prices and weaker oil refining margins, according to a regulatory filing. Operating earnings dropped to about $7.8 billion from $17.85 billion a year earlier, when surging oil and gas prices after Russia's invasion of Ukraine boosted global energy results... Continue Reading →
Baker Hughes Awarded Significant Gas Technology Contract to Support Equinor’s BM-C-33 Project in Brazil
(GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Wednesday it has been awarded a significant order, to be booked in the second quarter of 2023, by MODEC to supply gas technology equipment for the BM-C-33 project in the Brazilian pre-salt Campos area. The project is developed by Equinor with partners Repsol Sinopec Brasil... Continue Reading →
US Approves Construction for Orsted’s Ocean Wind Project off New Jersey
(Reuters)The Biden administration on Wednesday approved construction of an offshore windfarm that will generate 1,100 megawatts of power from up to 98 turbines off the coast of Atlantic City, New Jersey, becoming the third such project in the United States. Approval of Orsted's Ocean Wind by the Interior Department is the administration's latest move toward... Continue Reading →