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(Reuters) - A record 680 gigawatts (GW) of wind energy capacity is expected to be installed by 2027 but policymakers need to ensure supply chain bottlenecks do not slow growth to avoid missing climate targets, according to an industry report released on Monday. The Global Wind Energy Council (GWEC) report said policies have set the... Continue Reading →
The French government has selected Energies du Méridien, a new offshore wind consortium comprising Corio Generation and Qair, to take part in upcoming offshore wind project tenders totaling about 2.5 GW. French Directorate General for Energy and Climate has shortlisted the consortium for two fixed-bottom offshore wind tenders that were launched in parallel in December... Continue Reading →
The government of Canada has, together with the government of Nova Scotia and the government of Newfoundland and Labrador, launched the start of the regional assessments of offshore wind development in the two provinces. The recently released Agreement and Terms of Reference outline how the assessments will be conducted, and sets out their goals, objectives,... Continue Reading →
Brazilian Ministry of Mines and Energy (MME) is setting the wheels into motion to launch a program, which would step up investments in oil and natural gas exploration to promote regional development and foster national production while making Brazil the fourth largest oil producer in the world. To this end, Brazil’s Minister of Mines and... Continue Reading →
Colombian majority state-owned energy company Ecopetrol on Friday named Alberto Consuegra as its interim CEO, taking over from Felipe Bayon who stands down at the end of the month following more than five years in the top position. Ecopetrol announced in January that Bayon would leave, with his departure representing a shake-up for Colombia's biggest company... Continue Reading →
Boosting German power transmission lines to accommodate a shift to zero-carbon generation industry will require 14,197 km (8821.61 miles) of new networks costing billions of euros, the country's high voltage grid firms (TSOs) said on Friday. A rolling development plan presented for public consultation by the four companies calls for additional investments of 128.3 billion... Continue Reading →
(Bloomberg) -- Jean Paul Prates, the head of Brazil’s state-controlled oil company, isn’t deterred by the world’s energy transition. He says Latin America’s largest producer should keep increasing fossil fuel output for decades to come. “We will get market share,” Prates, chief executive officer of Petrobras, said in an interview in Rio de Janeiro. “We... Continue Reading →
(OE) Dutch FPSO leasing company SBM Offshore said Friday that the China-built hull of the FPSO ONE Guyana had entered drydock at Keppel Shipyard in Singapore. One Guyana is one of SBM Offshore's largest-ever FPSO Units and is being built for deployment at ExxonMobil-operated Stabroek Block offshore Guyana. "The FPSO ONE GUYANA project passing... Continue Reading →
A final investment decision for the long-stalled Sea Lion development offshore the Falkland Islands could be reached in 2024, Rockhopper, a partner in the project, said Friday, after Navitas Petroleum, the project operator, presented it with an updated development plan. Navitas Petroleum last year agreed to farm into the Sea Lion oil field development project... Continue Reading →
(PN) Exploration of new oil wells in Brazil will receive around US$ 1.5 billion in investments in 2023. The forecast was revealed this week by the National Petroleum Agency (ANP), which published the data in a new panel dynamic on contracts in the exploration phase. The largest share of funds (US$ 1.1 billion) will be... Continue Reading →
