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(Loop) Fourteen oil blocks in Guyana’s lucrative offshore oil and gas fields are now up for grabs, as the government has opened a new round of auctions. In announcing the start of the auction this morning, President Dr Mohammed Irfaan Ali said his government plans to complete the bidding process by April 14, 2023 and... Continue Reading →
Montrose Port Authority says the port is set to become the first Scottish port to provide shore power infrastructure to the energy sector. To enable shore power to offshore energy industry vessels, the port has partnered with with Plug Shore Power Ltd in a 50/50 joint venture. The partnership will see an initial investment of... Continue Reading →
As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) reserves, with a total of 1.9 mmboepd (1.3 mmbpd of oil and 3.8 bcfd of gas) of FPS throughput capacity... Continue Reading →
Mainstream Renewable Power, Ocean Winds, and Statkraft have signed a memorandum of understanding (MoU) with Aker Solutions, to collaborate on offshore wind at the Utsira Nord license area in Norway. Mainstream, Ocean Winds, and Statkraft are in a consortium to pursue an application to develop floating wind power at the Utsira Nord license area in... Continue Reading →
(Reuters) The two largest U.S. oil companies - Exxon Mobil Corp and Chevron Corp - disclosed plans to increase outlays on energy projects next year amid high oil demand and prices. While spending more, it will be less than half the combined $84 billion they spent in 2013, when oil prices often traded above $100 per barrel... Continue Reading →
Philip Lewis, Contributor (OE) December was a month of major “firsts” in the U.S. offshore wind space. The first federal auction for offshore wind was held for the West Coast, and the first federal leases for commercial floating wind projects were provisionally awarded. These events are key milestones in the journey to achieve the federal vision of... Continue Reading →
(OE) Global Port Services, owned by Global Energy Group alongside the Port of Nigg, has said it has secured multiple contracts to support its client Seagreen Wind Energy Limited (SWEL), with site enabling works for the pre-assembly construction of wind turbine components (WTGs) at its Port of Nigg facility. The news comes as the final... Continue Reading →
Philip Lewis, Contributor (OE) Developers are beginning to release details of their bids for yesterday’s California floating wind auction. The successful bidders for the two north California Humboldt sites, RWE and CIP, both bid the highest prices per square kilometer of lease area. Both companies have also identified comparatively low development potential of at 1.6 GW... Continue Reading →
(OM) Kongsberg Maritime will supply technology and engineering for a second F-class wind turbine and foundation installation vessel that Cadeler has ordered. This will be one of the world’s largest installation vessels in the offshore wind sector when completed, according to the company. Kongsberg Maritime will provide a thruster package, electrical solutions and integrated controls, including the dynamic... Continue Reading →
(Reuters) - Portugal wants to speed up investments in green hydrogen projects, which are essential to decarbonize the economy, and will end mandatory environmental assessments for them in March 2023, Prime Minister Antonio Costa said. Portugal expects to become a major producer and exporter of green hydrogen with 70 private investors or groups planning to spend 10... Continue Reading →
Brazil Energy Insight 