Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) Massachusetts utility regulators denied offshore wind power company Commonwealth Wind's motion to suspend its power purchase agreement with state electric utilities, raising questions about the future of Commonwealth's proposed offshore wind project. The Massachusetts Department of Public Utilities (DPU) said in an order on Friday that Commonwealth "is a sophisticated market participant well capable... Continue Reading →
(Reuters) - Leaders from poor countries criticized wealthy governments and oil companies for driving global warming, using their speeches on Tuesday at the COP27 climate summit in Egypt to demand that they pay up for damages being inflicting on their economies. Small island states already buffeted by increasingly violent ocean storms and sea-level rise called on oil... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) opened on Tuesday a 4.05 billion euro ($4.05 billion) bid for the third of the shares it does not own in its unit Siemens Gamesa (SGREN.MC), the German company said. The acceptance period will last 36 calendar days and is expected to end on Dec. 13 2022, said the company, after the Spanish... Continue Reading →
Offshore drilling company Diamond Offshore said Monday it had received a notification of award of a new drilling program with Petrobras in Brazil. The soon to be signed four-year contract is for the semi-submersible offshore drilling Ocean Courage. Petrobras will have an option to extend the contract for an additional four years. The total estimated... Continue Reading →
(OE) Floating wind developer BlueFloat Energy has selected K2 Management as owner's engineer for the development of its first offshore floating wind project in Taiwan ahead of the upcoming round three market auction. With a planned capacity of 1 GW, the wind farm is named ‘Winds of September’ for the strong winds blowing in the... Continue Reading →
Philip Lewis, Contributor Intelatus Global Partners October saw the first offshore construction activity for a commercial scale U.S. offshore wind farm. Two cable layers have commenced the laying of Vineyard Wind’s export cable. This important milestone was also accompanied by complaints around the deployment of foreign flag workboats to support the cable layers. At the same... Continue Reading →
Brazilian oil company Enauta said Monday that production from its Atlanta offshore field in Brazil had been interrupted. "The initial assessment is that this is an operational problem on the surface. The current production of the field is 7,500 bbl/day," Enauta said. The Atlanta Field is operated by Enauta, which owns 100% of the asset.... Continue Reading →
Sandbrook Capital has acquired a majority stake in the the Norwegian offshore installation services company Havfram and has committed $250 million to fund the company's future growth. The new capital will be used to build a fleet of vessels for installation of offshore wind turbines and foundations (“WTIVs”). As part of the transaction, Havfram’s subsea... Continue Reading →
(Reuters) Norwegian oil and gas major Equinor on Monday said it was interested in developing a "gigawatt scale" floating offshore wind project off the coast of Britain in the Celtic Sea in connection with an upcoming seabed leasing round. The project is part of Crown Estate plans to offer leases to the industry next year,... Continue Reading →
(Reuters) - French energy giant TotalEnergies (TTEF.PA) has pulled ahead of rivals Shell (SHEL.L) and BP in the race to build up a renewables business, data collected by Reuters shows. But despite the growing focus on the climate, investors remain cautious for now, with shares of the three European giants trailing their oil and gas-focused U.S. rivals Exxon Mobil... Continue Reading →
