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(Reuters) - Wall Street analysts on Wednesday sharply increased their view of Exxon Mobil Corp's third quarter earnings after the company disclosed a $2 billion profit gain from selling natural gas. The disclosure signaled the largest U.S. oil maker quarterly profit due out later this month will land close to the second quarter's record $17.9... Continue Reading →
Fugro is performing geophysical surveys at the array sites of RWE’s two Dogger Bank South (DBS) offshore wind projects, DBS East and DBS West. The survey campaign, which started in May this year, will be underway until 31 October, subject to weather conditions, and is now being performed from the Fugro Frontier vessel after Fugro Searcher completed its scope... Continue Reading →
Crowley has completed the purchase of 42 acres in Salem, Massachusetts, the latest milestone toward the development of the state’s second major offshore wind port terminal. The Salem Harbor Wind Terminal is a public-private partnership between Crowley and the City of Salem, with AVANGRID serving as the port’s anchor tenant through its Commonwealth Wind and... Continue Reading →
REGENT, a company developing an electric seaglider for sustainable high-speed maritime travel , and TotalEnergies, a French oil and gas giant, have partnered up to explore the use of REGENT’s all-electric seaglider for maritime travel to offshore wind and oil platforms. According to REGENT, seagliders - described as a mix between a boat and a... Continue Reading →
(Reuters) - Struggling wind turbine maker Siemens Gamesa (SGREN.MC) will replace the head of its onshore unit due to recent financial losses that have piled pressure on the business, an internal memo seen by Reuters showed. Chief Executive Jochen Eickholt said in an emailed internal memo seen by Reuters that Lars Bondo Krogsgaard, chief executive of the... Continue Reading →
Atlantic Shores Offshore Wind, a 50/50 partnership between Shell New Energies US LLC and EDF Renewables North America, has appointed Joris Veldhoven as the company’s first Chief Executive Officer. The joint venture is working to develop offshore wind projects on the U.S. east coast, with the aim of providing electricity to New York and New... Continue Reading →
Subsea services provider Subsea 7 has contracted electrical integrator specialist Bakker Sliedrecht to equip its heavy construction / flex-lay vessel Seven Arctic with a new energy-saving system. The order for an energy storage system from Bakker Sliedrecht is a double first, according to the company. It is the first order for such a system on this scale... Continue Reading →
(Reuters) - African countries will use the COP27 climate talks in Egypt next month to advocate for a common energy position that sees fossil fuels as necessary to expanding economies and electricity access, the continent's top energy official said on Tuesday. The African position, criticised by environmental groups, could overshadow global climate talks in Sharm... Continue Reading →
(Reuters) - France on Tuesday started the process to fully nationalise debt-laden nuclear power group EDF (EDF.PA), seeking to secure greater control of its energy supplies just as Europe scrambles to replace Russian gas. The Paris government filed an offer with the market regulator to buy all shares in the group it does not already own... Continue Reading →
(OE) The Island Innovator semi-submersible drilling rig has arrived on Block 2B offshore South Africa, and is set to start operations on the Gazania-1 exploration well. The Gazania-1 exploration well is being drilled in approximately 150 meters of water and is located 25 kilometres offshore the Northern Cape in the Orange Basin. The Orange Basin... Continue Reading →
Brazil Energy Insight 