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(Reuters) HSBC will no longer provide new lending or capital markets finance for new oil and gas fields, the British bank said on Wednesday, as part of a wider update to its energy policy. The bank said it will continue funding natural gas projects for now, given the global energy crisis and the pressures placed... Continue Reading →
(OE) Vuyk Engineering Rotterdam has launched a design for a new offshore wind foundation installation vessel (FIV), called VERticale, in response to ever-growing wind turbines needing larger foundations. "VERticale is developed for an optimized deck layout," says Kuno van den Berg, Department Manager Operational Engineering at Vuyk Engineering Rotterdam. ©Vuyk Engineering Rotterdam "The location of the... Continue Reading →
(Reuters) - Italian renewable developer Renexia has selected France's Technip Energies (TE.PA) to study and design key elements of one of the world's biggest floating offshore wind farms, the French engineering group said on Thursday. The French group, which this year launched a division dedicated to energy transition projects, will conduct the front-end engineering and design for... Continue Reading →
(Reuters) Brazilian power company Eletrobras and Shell have signed a cooperation agreement to exchange information as they mull a potential co-investment in offshore wind power in the South American country, Eletrobras said on Thursday. The move marks another step for Shell in the sector in Brazil, where it already has several offshore wind projects pending... Continue Reading →
(Reuters) - China is making fast inroads in the market for newbuild liquefied natural gas (LNG) tankers as local and foreign shipowners turn to its shipbuilders for the specialty vessels because long dominant yards in South Korea are fully booked. Three Chinese shipyards - only one of them having experience building large LNG tankers -... Continue Reading →
(WO) — Houston American Energy Corp. announced the acquisition of an additional interest in Hupecol Meta, LLC., on December 9th. “We are excited about the increase of our interest in the CPO-11 block, the progress made by Hupecol Meta to date, and the outlook for the development of the block,” John Terwilliger, CEO of Houston... Continue Reading →
(OET) Vattenfall Atlantis 1 and Global Tech II Offshore Wind GmbH have issued a contract notice seeking contractors to install inter-array cables for two wind farm projects offshore Germany. The two projects, Vattenfall Atlantis 1 and Global Tech II, are located in the German North Sea, in the N-7.2 and N-6.6 zones. The contract is... Continue Reading →
(OE) Northern Ocean Ltd's semi-submersible drilling rig, Deepsea Bollsta, has arrived in Namibia and started its contract with Shell. The contract for the 2019-built offshore drilling rig has a firm duration of twelve months. Shell will have the option to extend it for another six months. The drilling rig is managed by the Norwegian drilling... Continue Reading →
(OE) Norwegian offshore wind services firm Havfram said Monday that construction had started in China for its first offshore wind turbine installation vessel. Havfram could order four WTIVs in total. Havfram said it had secured an additional USD 250 million in equity funding through a partnership between its primary sponsor, Sandbrook Capital, and Canada's PSP... Continue Reading →
(TN) The Brazilian Institute of the Environment (Ibama) has granted two important licenses to Petrobras. The first authorizes the start of operations of FPSO P-71 in the Itapu field, in the Santos Basin pre-salt. The document will be valid for eight years. Petrobras expects to start operating the platform in December. As a reminder, the... Continue Reading →
Brazil Energy Insight 