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German offshore wind developer RWE said Thursday that its offshore wind farm Kaskasi, located around 35 kilometers north of the island of Heligoland, Germany, had officially started regular operation. With an installed capacity of 342 megawatts (MW), Kaskasi can supply the equivalent of over 400,000 households with electricity. The 38 wind turbines of Kaskasi were... Continue Reading →
(Reuters) - Colombia's Ecopetrol must focus on growing its oil and gas production to fund the transition towards renewables, said Saul Kattan, the chairman of the majority state-run energy company. Colombia could be a world leader in production of renewables like wind and green hydrogen, Kattan told Reuters late on Wednesday, but the company, the... Continue Reading →
Semco Maritime, ISC Consulting Engineers, Aalborg University, Energy Cluster Denmark and Norway, and Sweden-based Inocean have all obtained funding to forward the development of a floating offshore substation (FOSS) concept. The parties announced their collaboration in 2022 and are now set to accelerate further the floating offshore substation development through funding from the Energy Technology... Continue Reading →
U.S. oil and gas company Hess Corporation has opted to implement digital wells using a well construction suite from a compatriot oilfield services giant, Halliburton. Halliburton reported on Wednesday, 22 March 2023, that Hess had selected Halliburton’s DecisionSpace 365 Well Construction applications powered by iEnergy Hybrid Cloud to “plan, design, and construct safe, cost effective, and productive wells.” Nagaraj Srinivasan, senior... Continue Reading →
Australia’s oil and gas company Karoon Energy has kicked off production from a well located on a field offshore Brazil, with first production rates surpassing expectations. In addition, the second well at this field is expected to come online by the end of the month. Back in April 2021, Karoon hired a rig to perform well... Continue Reading →
German energy group EnBW has reached a final investment decision for He Dreiht offshore wind farm in Germany, clearing the way for the start of construction of EnBW’s largest offshore wind farm to date, with an installed capacity of 960 megawatts (MW). EnBW CFO Thomas Kusterer said: “In He Dreiht, we are building one of Germany’s largest... Continue Reading →
(Reuters) - Energy trader Gunvor made strong profits last year and is looking to expand its oil trading and develop a significant power trading arm in the United States, its CEO told Reuters. Swiss energy traders have posted record returns over the last few years as they thrived in extremely volatile markets brought on by... Continue Reading →
(OE) Floating wind farm and technology developer BW Ideol has entered into exclusive negotiations with ADEME Investissement, a state-owned French financier of innovative infrastructure projects, for ADEME Investissement to invest €40 million in BW Ideol’s project development activities. Under the agreed terms, BW Ideol will transfer its co-development project portfolio to a newly created subsidiary... Continue Reading →
(Reuters) Ecuador will need to revise down its daily crude oil production target by some 40,000 barrels, equivalent to about 8%, its oil minister said, after state-run company, Petroecuador declared force majeure on three more oil blocks on Tuesday because of protests. Petroecuador had already declared force majeure on another block over the weekend, also... Continue Reading →
(OE) GreenIT, a joint venture between Plenitude (Eni) and CDP Equity (CDP Group), and Copenhagen Infrastructure Partners (CIP) through its Flagship Funds have signed an agreement to develop three floating offshore wind projects in Latium and Sardinia, Italy. The floating wind farms will be located roughly 30 km off the coast and have an overall... Continue Reading →
