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Italian energy group Eni said on Friday its first-quarter net profit fell 11% year on year on lower oil and gas prices compared with the first three months of 2022, when Russia's invasion of Ukraine sent energy prices soaring. Adjusted net profit for the period came in at 2.91 billion euros ($3.2 billion), down from... Continue Reading →
Three firms are vying to buy a minority stake of up to 49% in Iberdrola's "Baltic Eagle" offshore wind farm off the German coast, newspaper Expansion reported on Friday, citing unidentified market sources. The top candidates for the transaction valued at around 700 million euros ($769 million) are Abu Dhabi's Masdar, Swiss fund EIP and... Continue Reading →
(Reuters) - Oil major Chevron Corp (CVX.N) beat market expectations on Friday as profit nudged higher in the first quarter, with earnings from refining compensating for slides in energy prices as well as oil and gas production. Net profit climbed 5% to $6.57 billion or $3.46 per share. Results beat consensus by 4%, according to Refinitiv data.... Continue Reading →
(Reuters) German chemicals group BASF on Thursday said it was working to exit energy business Wintershall Dea, with a stock market listing remaining the preferred option. CEO Martin Brudermueller also flagged a possible sale of the oil and gas producer to investors. "The exit will not take place immediately," Brudermueller said in a speech to... Continue Reading →
Offshore wind developer Ocean Winds on Thursday announced the Final Investment Decision for the Dieppe Le Tréport offshore wind farm in France. The project of around 500 MW in France represents a total investment of €2.7 billion, said the company, which is a 50-50 joint venture in 2020 by EDP Renewables and ENGIE. Earlier in April 2023,... Continue Reading →
(OE) Singapore's Sembcorp Marine has ordered from ABB the complete electrical system automation for the P-82 FPSO Sembcorp Marine is building for the Brazilian oil company Petrobras. The P-82 FPSO, ordered by Petrobras in October 2022, will be one of the largest vessels to be deployed in the Búzios field, an ultra-deepwater oil and gas field... Continue Reading →
(OW) Marine Power Systems (MPS) have joined forces with Plataforma Oceánica de Canarias (PLOCAN) to deploy their floating offshore wind platform, PelaFlex, at an expected grid-connected test site on the southeast coast of Gran Canaria. PLOCAN will work with MPS regarding a pre-consented and grid-connected site for the testing of their technology and the associated... Continue Reading →
(OW) Spain-headquartered BlueFloat Energy and Greenvolt have joined forces to develop offshore wind projects in Portugal. According to the partners, Portugal holds great potential for offshore wind, which is now recognised by the national policymakers who seek to unlock the potential of this technology to deliver on the country’s decarbonisation targets. Portugal has recently identified... Continue Reading →
(OEP) A research, innovation and development centre in Brazil, focused on renewable energy and sustainability, has submitted an application for a test site for offshore wind to the country’s Institute for the Environment and Natural Resources (IBAMA). In the latest update to the map (and the list) of offshore wind projects for which environmental investigation licences have... Continue Reading →
TotalEnergies, BW Ideol, and Qair, the developers behind the EolMed project, have started the construction of three floating wind turbines for the 30 MW wind farm offshore France. The arrival of the first steel blocks that will make up the three floating substructures marked the beginning of the construction of the wind turbines in the... Continue Reading →
