(OW) Sweden-headquartered SeaTwirl has published a white paper that outlines the possibility of ‘dramatically’ increasing the power density on offshore wind farms by placing the company’s vertical axis wind turbines (VAWT) closer together. The white paper, which was commissioned by SeaTwirl from Dr. Pablo Ouro, a researcher at the University of Manchester, investigated different spacing configurations... Continue Reading →
Mexican leader offered cooperation on gas, says German president
(Reuters) - Mexico's President Andres Manuel Lopez Obrador offered to help with a key fuel in high demand across Europe, the German president told reporters in the Mexican capital on Tuesday, amid a supply squeeze following Russia's invasion of Ukraine. President Frank-Walter Steinmeier, Germany's head of state, made the comments following a meeting with Lopez... Continue Reading →
EXCLUSIVE Maroil takes over most of Venezuela’s petroleum coke trading
(Reuters) - Maroil Trading, owned by shipping tycoon Wilmer Ruperti, has taken over sales of almost all Venezuela's exports of petroleum coke, a move that could reduce sanctions risks for clients, according to documents and four sources close to the decision. The Geneva-based company has boosted exports and customers since signing a commercial pact with... Continue Reading →
New Floating Wind Joint Venture Launched on Iberian Peninsula
The Ireland-based floating wind developer Simply Blue Group and Spanish companies Proes Consultores and FF New Energy Ventures have formed a joint venture named IberBlue Wind with plans to develop 2 GW of floating offshore wind capacity in Spain and Portugal. According to the new project development company, IberBlue Wind has the capacity to take... Continue Reading →
World’s largest offshore wind farm first to use low-carbon copper for HVDC cables
NKT is set to produce the HVDC power cables for the Dogger Bank C offshore wind project using low-carbon copper, representing the world’s first. The initiative is expected to reduce the carbon footprint of the cables by more than 35 per cent. The low-carbon copper cathodes are sourced from the Boliden Aitik mine in Northern... Continue Reading →
Exclusive: Exxon boosts Guyana oil output, undecided on future auction bid
(Reuters) - Exxon Mobil Corp (XOM.N) is uncertain whether it will bid for new offshore areas Guyana wants to explore, a person close to the matter said, as the oil major ramps up production faster than expected and the South American country wrestles with fixing terms of new oil leases. An Exxon-led consortium discovered oil in the... Continue Reading →
Brazil to export record volume of ethanol to Europe this year -S&P Global
(Reuters) - Brazil's ethanol exports to Europe are set to reach a record high this year, as foreign markets look more appealing than domestic, according to an analysis by S&P Global Commodity Insights. This year through August, Brazil shipped about 427 million liters of ethanol to Europe, 435% above the figures from the same period... Continue Reading →
Brazil’s Petrobras to lower diesel prices from Tuesday
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) said on Monday it will lower refinery gate diesel prices by 5.8% to an average 4.89 reais ($0.93) per liter starting on Tuesday, the lowest level in roughly four months. The move marks the third consecutive diesel price reduction since early August, while gasoline prices were kept at their... Continue Reading →
Equinor Releases “Energy Perpectives 2022”
Energy Perspectives 2022: Long-term development in the world’s energy markets and how politics, technologies, companies, and consumers can influence it, is an overarching theme of the energy transition. (OE) With inflation raging, geopolitical disruption and resultant energy security concerts, and continued logistics woes, the table is set for Equinor to deliver its insights on energy courtesy... Continue Reading →
H₂ Hype or Practical Reality?
Elaine Maslin, Contributor In the last few years, there’s been a proliferation of projects targeting the production of hydrogen. Its seen as one of the levers towards net zero and, more recently, a way to help underpin energy security, especially in Europe. Many think producing the stuff offshore is a big opportunity. (OE) Many are keen... Continue Reading →