Offshore installation firm Subsea 7, Australian company Spark Renewables, and international floating wind farm developer Simply Blue Group have created a consortium to pursue floating offshore wind development offshore New South Wales (NSW), Australia, in the Hunter and Illawarra regions. According to the consortium, the recently declared Hunter-Central Coast and Illawarra Renewable Energy Zones offer good opportunities to... Continue Reading →
Japan’s JERA to buy Belgium’s top offshore wind company for $1.7 bln
(Reuters) - Japan's top utility JERA has agreed to buy Parkwind, Belgium's largest offshore wind platform, for 1.55 billion euros ($1.7 billion), as it expands in renewable power to meet decarbonisation goals. JERA, a joint venture between Tokyo Electric Power Company Holdings (9501.T) and Chubu Electric Power Co Inc (9502.T), will add Parkwind's four offshore wind farms in... Continue Reading →
Exclusive: Middlemen have left Venezuela’s PDVSA with $21.2 billion in unpaid bills
(Reuters) - Venezuela's state-run oil company PDVSA has accumulated $21.2 billion in accounts receivable, according to documents viewed by Reuters, after turning to dozens of little known intermediaries three years ago to export its oil under U.S. sanctions. The internal disclosure of the enormous amount of unpaid sales - about 84% of PDVSA's total value... Continue Reading →
EGS Survey to start work at ScotWind Floating Wind site
The UK-headquartered company EGS Survey will carry out a survey campaign at the Muir Mhòr floating wind project site in Scotland, being developed by Fred. Olsen Seawind and Vattenfall. Starting next month, EGS Survey will be performing preliminary geophysical and environmental surveys using the vessel EGS Ventus, with the work to be conducted from Peterhead Port... Continue Reading →
What are key areas the U.S. needs to jump-start on the road to net-zero by 2050? Wood Mac
(OEM) While energy and climate crises take their toll on countries worldwide, occasionally pulling them in different directions, the energy transition takes root, steadily gaining ground in pursuit of the low-carbon and green shift. As it is estimated that investments amounting to a whopping $10 trillion are needed for the U.S. to reach its net-zero by... Continue Reading →
Ørsted Taps Havfram Wind for Hornsea 3 Offshore Wind Farm Turbine Installation
Denmark-based offshore wind farm developer Ørsted has hired Havfram Wind to install wind turbines at its Hornsea 3 offshore wind farm in the UK. The installation of the turbines is expected to start in the autumn of 2026, with Havfram Wind set to use one of its newly built NG20000X Jack-Up Wind Turbine Installation vessels... Continue Reading →
Brigg Vind: New Offshore Wind Company Launched in Norway
Norwegian renewable energy developers Vårgrønn and Å Energi and global offshore wind specialist Corio Generation, on Tuesday launched a new Norwegian offshore wind company called the Brigg Vind, dedicated to developing sustainable offshore wind in Norway. The companies said that the Brigg Vind name paid homage to the strong maritime tradition and expertise of Norway,... Continue Reading →
Lhyfe, Centrica unveil joint offshore wind-to-hydrogen plan in UK
French green hydrogen production specialist, Lhyfe, and Centrica, the UK-headquartered multinational energy company, have signed an agreement to jointly develop offshore renewable hydrogen in the UK, starting with a pilot project in the Southern North Sea. Beyond the pilot, Lhyfe and Centrica will also examine an additional partnership to deploy the technology at commercial scale... Continue Reading →
Brazil environment agency frustrates Petrobras plan to drill at the Foz do Amazonas
(Reuters) - Brazil's environmental regulator Ibama has asked oil company Petrobras (PETR4.SA) for additional information on its plan to drill at the mouth of the Amazon river before authorizing Petrobras to test its emergency oil spill response, the agency's president Rodrigo Agostinho told Reuters. The request frustrated the hopes of Petrobras to start the drilling test as... Continue Reading →
GEOxyz Opens US Office for Offshore Wind
Belgium-based offshore survey services provider GEOxyz announced it has opened its first office in the United States, located in New Brunswick, N.J., as it expands to serve the offshore wind energy industry on the U.S. East Coast "The renewable energy industry in the U.S. is an important market in full expansion and we are thrilled... Continue Reading →