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(Reuters) The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday. Saudi Arabia, the group's biggest producer, will make a deep cut to its output in July on top of a broader... Continue Reading →
(OET) The energy woes that befall the world in 2022 brought about the double whammy of rapidly working on diversifying the energy mix with more renewables while ramping up the crude oil and natural gas production to appease the increasingly intertwined concepts of energy security and transition to a green and low-carbon future. In this... Continue Reading →
ABB said Monday it had secured a large order from Yantai CIMC Raffles Offshore Ltd., to deliver an integrated bridge-to-propeller technology for Havfram Wind’s two new NG20000X-HF Wind Turbine Installation Vessels (WTIVs). The vessels will be able to install offshore wind turbines with a rotor diameter of more than 300 meters, as well as XXL... Continue Reading →
Danish transmission system operator Energinet has awarded the Dutch offshore services firm Fugro a new contract to provide floating wind lidar measurements for five offshore wind projects in Denmark. Fugro will install and operate ten SEAWATCH Wind Lidar Buoys across three main locations, namely the Kattegat Sea, Baltic Sea, and North Sea. These buoys will... Continue Reading →
(OET) Challenger Energy Group (CEG), the Isle of Man-headquartered oil and gas company focused on the Caribbean and Americas, has bid for and expects to be awarded a shallow water exploration block located off Uruguay. This is the sole remaining available block offshore Uruguay, as all other offshore exploration licences are held by energy majors: Shell and Apache... Continue Reading →
(Reuters) - A group of U.S. congressmen have formally complained about what they call unfair ethanol trade practices by Brazil that includes a blockade of U.S. companies seeking to take part in the Brazilian low-carbon biofuel program RenovaBio. The bipartisan group of 21 members of the U.S. Congress are asking Trade Representative (USTR) Katherine Tai... Continue Reading →
Canada’s Minister of Natural Resources, Jonathan Wilkinson, has introduced a new bill in the House of Commons which will put in place regulations that will enable offshore wind development in the provinces of Nova Scotia and Newfoundland and Labrador. On 30 May, the minister, in partnership with the governments of the two provinces, introduced amendments... Continue Reading →
(OW) Public Service Enterprise Group Inc. (PSEG) has completed the sale of its 25 per cent equity interest in 1.1 GW Ocean Wind 1 offshore wind project to Ørsted North America. With this executed agreement, Ørsted North America has reimbursed PSEG for all of its cumulative outlays in the Ocean Wind 1 project and Ørsted... Continue Reading →
(OW) ESB and Ørsted have signed an agreement to jointly develop a portfolio of up to 5 GW of offshore wind and complementary green hydrogen projects in Ireland, with the first of these offshore wind projects expected to compete in the next Irish auction, ORESS 2.1. The agreement also marks Ørsted’s entry into the Irish... Continue Reading →
(OW) Subsea 7, in collaboration with OneSea Energy, has secured GBP 150,000 (around USD 187,000) in funding from the Scottish government to investigate pairing a large-scale floating hydrogen production system with a floating wind farm offshore Scotland. The funding was awarded as part of the Hydrogen Innovation Scheme under which a total of 32 projects... Continue Reading →
