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Offshore hydrogen production is paramount to meet the substantial increase expected in European hydrogen demand, as hydrogen is due to play a significant role as a low-carbon energy carrier – not only to decarbonize hard-to-abate sectors, but also to boost security of energy supply in Europe, a study has shown. The "Specification of a European... Continue Reading →
Cathie has been awarded a contract to provide geophysical and geotechnical consultancy services for the up to 1.7 GW Bluepoint Wind offshore wind project in the United States. Located 38 nautical miles off the coast of New York and 53 nautical miles off the coast of New Jersey, Bluepoint Wind offshore wind project is being... Continue Reading →
(OED) Floating offshore wind developer BlueFloat Energy said Thursday that its 1GW ‘Winds of September’ floating wind project had taken a step further by deploying a floating LiDAR in the waters off Hsinchu, Taiwan. The project was named after the strong winds blowing in the Hsinchu region every September, and is BlueFloat Energy’s first project... Continue Reading →
UK-headquartered energy giant Shell has published in its Energy Transition Progress Report 2022, which shows it has met its climate targets as part of its energy transition strategy and reached a 30% reduction in carbon emissions from its operations by the end of 2022 compared with 2016 on a net basis. According to Shell, the report shows... Continue Reading →
DNV said Thursday it was assisting Korea Electric Power Corporation (KEPCO) Research Institute in the development of a long-term offshore power grid plan to deliver renewable offshore wind power to South Korea. The project is scheduled for completion by mid-2025. As technical advisor, DNV will develop a conceptual design and routing plan to enable the... Continue Reading →
(Bloomberg) – BP Plc’s Chief U.S. Economist Michael Cohen said the oil industry focused too much on cutting greenhouse gases last year, eroding its ability to keep pace with demand. “2022 taught us that too much focus on the decarbonization agenda led to a mismatch between supply and demand,” said Cohen in a Monday interview... Continue Reading →
While proposals to expedite infrastructure projects are making the rounds in Congress, Wood Mackenzie, an energy intelligence group, believes permitting reform could be part of the solution to the strains created by rapid growth in renewables, as this could help ease U.S. grid bottlenecks. In these turbulent times, marked by a global energy crisis, which... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) announced on Wednesday a capital increase via a private share placement to help refinance its 4 billion euro ($4.22 billion) takeover of wind power subsidiary Siemens Gamesa. The offer and sale of new shares will be made exclusively to institutional investors in the placement initiated immediately, it said. Siemens Energy's share capital... Continue Reading →
BW Offshore said Wednesday it had closed the transaction for the sale of the FPSO BW Opportunity for $125 million to an undisclosed third party. The Oslo-listed FPSO provider last Friday said it had agreed to sell the laid-up FPSO to an unnamed buyer. The company said last Friday it was also exploring the commercial principles... Continue Reading →
(OE) Operations and Maintenance Base for what will be the world's largest offshore wind farm - the Dogger Bank - was officially opened on Tuesday in Port of Tyne. Equinor, a partner in the North Sea wind farm, said that the O&M base would serve as the hub for operations for Dogger Bank Wind Farm,... Continue Reading →
