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Norway's METCentre, a floating wind test center, has just signed a Memorandum of Understanding with the Portuguese offshore wind player WavEC. WavEC provides commercial services for wind farm developers and is a shareholder of the Aguçadoura test site, which has been a central testing area in the development of offshore renewable technologies. The MOU was... Continue Reading →
(OE) DNV said Monday it was launching the second phase of H2Pipe, a joint industry project (JIP) aiming to develop a new code for the design, re-qualification, construction, and operation of offshore pipelines to transport hydrogen—either pure or blended with natural gas. DNV’s Hydrogen Forecast to 2050 anticipates that over 50% of hydrogen pipelines globally... Continue Reading →
Galp has agreed to sell its upstream assets offshore Angola to Somoil -Sociedade Petrolífera Angolana. The transaction, estimated at about $830 million, should complete during the second half of this year. The sale comprises Block 14 (9% Galp): Tombua; Landana; BBLT – Benguela, Belize, Lobito, Tomboco; and Kuito; Block 14K (4.5% Galp): Lianzi; Block 32 (5% Galp): Kaombo... Continue Reading →
(OM) President Joe Biden’s administration is tapping the brakes on offshore wind energy development in the Gulf of Mexico to make way for a new fast-tracked effort to open more federal waters to oil and gas drilling. The move, as reported by New Orleans-based NOLA.com, will delay the first-ever auction of wind energy lease areas in the Gulf by at... Continue Reading →
(Reuters) Guyana Vice President Bharrat Jagdeo told Reuters the country plans to take back 20% of the giant Stabroek oil block that has been responsible for a series of massive discoveries from a consortium led by Exxon Mobil Corp., and remarket it by next year. More than 11 billion barrels of oil and gas found... Continue Reading →
Offshore construction will soon continue on the South Fork offshore wind project in New York with the installation of the project’s 68-nautical mile (about 126 kilometres) submarine cable to kick off in early 2023. The work installing South Fork Wind’s submarine cable involves six stages: seabed preparation, sea-to-shore interconnection preparation, nearshore cable laying, nearshore cable... Continue Reading →
(OE) Dutch offshore wind foundation maker Sif this week said it would build the world's largest monopile foundation manufacturing plant in Rotterdam, the Netherlands, with an estimated investment of around €328 million. The plant will be built at the 62 hectare Maasvlakte 2 site in Rotterdam, the Netherlands, as an extension of the existing facilities... Continue Reading →
(Bloomberg) -- Annand Jagesar, the managing director of the state-owned oil company of Suriname, is a man in a hurry. He’s racing against time, nature and Guyana, the neighboring country that enviably discovered a massive offshore oil field in 2015. Jagesar believes Suriname, the former Dutch colony on South America’s northeastern coast (population about 620,000),... Continue Reading →
(OET) While looking into the conundrum concerning the cashflow and capex of five supermajor oil companies – BP, Shell, Chevron, ExxonMobil and TotalEnergies – Westwood Global Energy, an energy market research and consultancy firm, has outlined that capital investment is lagging, even though the energy giants became efficient in generating cash from oil and gas production, enabling record... Continue Reading →
(OWB) EDF Renewables has acquired the Newcastle Offshore Wind (NOW) floating offshore wind project that is under development in New South Wales, Australia. Initial project developers Newcastle Offshore Wind Energy Pty Ltd (NOWE) have almost ten years of experience on the project, working closely with the EDF Renewables’ team in Australia for the last twelve... Continue Reading →
