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(Reuters) - Norway's Equinor (EQNR.OL) and German energy group EnBW (EBKG.DE) plan to jointly develop offshore wind farms in Germany, the two companies announced on Friday. Germany, which seeks to cut its reliance on fossil fuel, in November raised its national renewable energy target to 80% of power generation by 2030, and aims to accelerate onshore wind installations to over 12 gigawatt (GW) per year... Continue Reading →
EEW Special Pipe Constructions (EEW SPC) said on Friday that it has set a new record for its heaviest monopile built. The German offshore wind monopile manufacturer broke its own record, which was only set in July 2022, when the company delivered a 1,421-tonne monopile for the Baltic Eagle offshore wind farm. Now. at 1,895... Continue Reading →
(Reuters) Companies working on a $300 million logistics facility in Guyana that will support offshore oil operations said on Wednesday the shore base will help reduce shipping costs for supplies by as much as 12% by allowing larger supply vessels to dock. A consortium consisting of U.S. companies Exxon Mobil Corp and Hess Corp and... Continue Reading →
(Reuters) - Guyana's government is forecasting the nascent oil producer's economy, which has recently been among the world's fastest-growing, will expand by at least 25% per year in the next three to four years, Finance Minister Ashni Singh said on Thursday. Since oil production was inaugurated in 2019 by a consortium led by U.S. major... Continue Reading →
(Reuters) - At least three proposed U.S. liquefied natural gas (LNG) export plants have likely found enough customers to receive financial approvals this year, according to Reuters calculations, developments that would make the country the world's largest LNG exporter for years to come. After a dearth of plant approvals last decade, developers have secured dozens... Continue Reading →
A new giant of the seas will soon come into operation. The FPSO Almirante Barroso left this week from the BrasFELS shipyard heading for the Buzios field, in the Santos Basin pre-salt. The FPSO has been at the shipyard since October last year for commissioning activities and final acceptance tests. The vessel was converted in... Continue Reading →
(Reuters) BP is set to hire over 100 employees to its offshore wind division as the energy company rapidly expands its operations in the fast-growing sector around the world. The hiring process will begin in the coming weeks, as part of BP's ambition to double the size of the offshore team to 800 employees over... Continue Reading →
The National Petroleum Agency (ANP) recently approved the sale of Petrobras' stake in the Capixaba Norte Cluster to Seacrest Petróleo. As a reminder, the transaction was announced in February 2022, for a total of US$ 544 million. The Capixaba Norte Cluster comprises four onshore fields: Cancã, Fazenda Alegre, Fazenda São Rafael and Fazenda Santa Luzia.... Continue Reading →
(OED) Siemens Gamesa and the Japanese shipping and logistics company NYK have signed a time charter contract for a crew transfer vessel (CTV) that will be used at an offshore wind farm in Japan. The CTV will be owned by NYK and managed by Hokkaido-based Hokuyo Kaiun Co., Ltd., an NYK Group company. The vessel... Continue Reading →
(TXF) Delays and project cost overruns from the pandemic have meant lenders and sponsors of the Yunlin offshore wind farm in Taiwan are scrambling to remedy the project’s financial woes. ECAs may push out the tenor envelope to ease the pressure - but concrete solutions are yet to be realized. The fledgling Taiwanese offshore wind... Continue Reading →
Brazil Energy Insight 