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(OE) Technip Energies is leading a 13-partner consortium that is working to roll out the next generation of floating wind technology "for a competitive, more scalable and industrial deployment." The initiative, called NextFloat, launched in Paris earlier this month, and includes Technip Energies as project coordinator, X1 Wind, Naturgy, 2B Energy, Hellenic Cables, Technical University... Continue Reading →
UK-based centrifugal pumps and associated equipment manufacturer, Amarinth, has won an order from VWS Westgarth for two titanium pumps, which will be used aboard SBM Offshore’s FPSO One Guyana, destined to work for ExxonMobil off Guyana. Amarinth disclosed on Monday that it was tasked by VWS Westgarth to provide the two titanium API 610 OH2 chemically enhanced... Continue Reading →
(OET) In the aftermath of COP27, which took place against the backdrop of the first true global energy crisis, many argued that little progress was made on the phasing out of fossil fuels. This was justified by the need to strengthen energy security, protect consumers at the pump, and avoid a global recession. In light... Continue Reading →
(Reuters) - Construction is set to begin on one of Australia's biggest wind farms after its developers secured funding in a unique deal for the A$2 billion ($1.3 billion) first stage of the project after years of delays. The first stage of the Golden Plains project, being developed by privately owned TagEnergy, involves a 756-megawatt... Continue Reading →
(epbr) The development of the 18 production sharing contracts currently contracted may require the contracting of 21 production platforms (FPSOs) of up to 225 thousand barrels/per day of capacity by 2029, estimates Pré-Sal Petróleo (PPSA). — Investments in production development are estimated at US$ 72.4 billion between 2023 and 2032, which include everything from the... Continue Reading →
(OE) Australian oil and gas company Woodside on Tuesday announced the completion of the construction phase for the floating production storage and offloading (FPSO) facility which will be deployed at the Sangomar field offshore Senegal. This will be Senegal's first offshore oil production unit. MODEC, Inc. was awarded the contract to supply the FPSO by... Continue Reading →
(OE) MunmuBaram, a joint venture between Shell and Swedish floating wind technology developer Hexicon Hexicon, has named the wind turbine maker Vestas as the preferred turbine supplier for the 1.3 GW MunmuBaram floating offshore wind project in South Korea. If the project materializes, Vestas will supply and install 84 units of the V236-15.0 MW turbine... Continue Reading →
Mainstream Renewable Power ("Mainstream"), a renewable energy company majority-owned by Aker Horizons, and offshore wind developer Maple Power are jointly exploring the upcoming Celtic Sea Floating Offshore Wind Tender in the UK, which will be launched in 2023. Maple Power Ltd is a 50:50 joint venture between Enbridge Inc. and Canada Pension Plan Investment Board... Continue Reading →
(Reuters) Exxon Mobil Corp will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources close to the matter told Reuters. The departure reflects a wider move by major oil producers to reduce crude production in West Africa and shift investments to lower-carbon natural... Continue Reading →
(Reuters) - Mexican state power utility CFE has signed an agreement with French energy company Engie to develop terms and requirements to expand the Mayakan gas pipeline in the Yucatan Peninsula, CFE said in a statement Monday. Representatives for the two parties met on Nov. 23, CFE said. The Mayakan pipeline spans some 800 km... Continue Reading →
Brazil Energy Insight 