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(Reuters) - China's CNOOC (0883.HK), more than doubled its net profit in 2022, benefiting from a year of elevated international oil and gas prices following Russia's invasion of Ukraine. The company, one of China's three largest state-controlled oil and gas companies, posted a record consolidated net profit of 141.7 billion yuan ($20.57 billion), a dramatic increase... Continue Reading →
(OW) Following Principle Power and Ocergy, California – the US state poised to become one of the global floating wind hotspots – is now also home to the third US floating wind technology developer, Aikido Technologies, which aims to launch a demonstration project next year and plans on rolling its technology out internationally, once it is ready... Continue Reading →
U.S. offshore engineering and construction services firm McDermott has secured a front-end engineering design (FEED) contract with Shell for a gas development project offshore Trinidad and Tobago. Under the contract, McDermott will provide comprehensive FEED services for a wellhead platform, export pipeline system, shore approach, midstream pipeline and onshore control room for the Manatee gas... Continue Reading →
Enbridge Inc. said Tuesday that the French government had selected EDF Renewables and Maple Power to develop the future Normandy offshore wind farm (Centre Manche 1), with an expected installed capacity of 1 GW. EDF Renewables is a subsidiary of the French utility EDF Group, and Maple Power is Enbridge's joint venture with Canada Pension... Continue Reading →
Heavy lift and transport services firm Mammoet said Monday it had secured contracts for two large offshore wind projects for undisclosed clients in the United States, both of which begin in 2023. Together, the two contracts cover a range of port scopes, including the load-in, load-out, handling, and temporary storage of XXL monopiles, plus the... Continue Reading →
The International Renewable Energy Agency (IRENA), an intergovernmental organisation, has outlined the investment needs of $35 trillion by 2030 as the price for the green shift while pointing out that investments in renewables and technology and infrastructure required for the net-zero shift need to more than quadruple on an annual basis, so that, the energy transition... Continue Reading →
Dutch offshore crew transfer equipment specialist Ampelmann said Tuesday it had signed six new contracts in the offshore wind market in the United States for 2023, 2024, and 2025. The contracts set for 2023 have been secured for work on two new offshore wind farms being built off New England's coast. "In the coming year,... Continue Reading →
The head of the Macquarie Group company that aims to be one of the biggest offshore wind players in the world says that Victoria could easily beats its ambitious offshore wind targets, and has flagged massive turbines of up to 20MW will be installed in coastal waters. Jonathon Cole is the CEO of Corio Generation,... Continue Reading →
(WO) — Salamander, a joint venture between Ørsted, Simply Blue Group and Subsea7, has been offered an exclusivity agreement as part of Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round. The 100 MW Salamander floating offshore wind project, located 35km off Peterhead, is designed to provide Scotland and its supply chain... Continue Reading →
Helix Energy Solutions' robotics division Helix Robotics Solutions said Monday it had won a trenching services contract with "a leading renewables cable installation contractor." The contract is for the trenching of inter-array and export cables as part of a 640MW wind farm offshore Taiwan. Under the contract, Helix plans to mobilize its newly acquired T1400-1... Continue Reading →
Brazil Energy Insight 