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(OE) Danish renewable energy giant Ørsted said Wednesday that Hornsea 2, the world’s largest installed offshore wind farm, is now fully operational off the UK coast. The 1.3GW offshore wind farm comprises 165 wind turbines, located 89km off the Yorkshire Coast. I can power over 1.4 million UK households. The wind farm is located alongside... Continue Reading →
(Reuters) - Most big Wall Street firms passed a test for business as usual in Texas last week when state Comptroller Glenn Hegar kept all but BlackRock Inc.(BLK.N) off a list of companies whose stance on boycotting oil and gas stocks could trigger divestment by public agencies. But top banks like Wells Fargo (WFC.N) and JPMorgan Chase &... Continue Reading →
The energy transition progress towards a sustainable future has encountered roadblocks in the form of fossil fuel subsidies, based on an analysis by the International Energy Agency (IEA) and the Organisation for Economic Co-operation and Development (OECD), which outlines that the backing for fossil fuels almost doubled in 2021, reaching $697.2 billion. While energy transition... Continue Reading →
A geophysical site survey campaign is set to begin in September at the proposed Inis Ealga Marine Energy Park floating offshore wind project in Ireland. DP Energy Ireland plans to kick off the geophysical surveys on 2 September at the site located off counties Cork and Waterford. The works will be carried out by ILV... Continue Reading →
(Reuters) - Trafigura has been prevented from bringing fuel to Mexico months after the lifting of import restrictions on the global commodities trader, federal court documents showed, underscoring the roadblocks that foreign energy companies continue to face. The Geneva-based company in April convinced a federal court judge in Mexico City to lift the suspensions, according... Continue Reading →
Norway’s government agency responsible for the regulation of petroleum resources believes that the country’s gas can enable Europe to achieve its energy transition goals. To make this happen, investments in unlocking new oil and gas resources and improving the recovery from existing ones are important to limit the production decline and maintain the country’s role... Continue Reading →
(Reuters) Wind turbines, floating solar panels, and green hydrogen at sea are among the projects under construction off the Dutch coast, as a country famed for its water engineering prowess builds out its renewable energy infrastructure. On a tour of North Sea facilities on Aug. 25, companies and Dutch utilities showed off key projects. At... Continue Reading →
Offshore wind developer SSE Renewables said Thursday that its new offshore wind farm project in Scotland would be named after "a historic series of books that depict the epic quests of a third-century Scottish leader, following his adventures across rolling seas." Ossian (pronounced ‘os-si-un’) from The Poems of Ossian is to be the name for... Continue Reading →
The FPSO Carioca, in the Sépia field in the pre-salt layer of the Santos Basin, completed one year of operation. During this period, the platform vessel reached an accumulated production of around 39 million barrels of oil (operated production). It is currently the largest platform in Brazil in terms of complexity and production, with around... Continue Reading →
(Reuters) - Ever since Exxon Mobil (XOM.N) found vast deposits of oil off Guyana's coastline in 2015, government leaders have pledged that black gold would transform the fortunes of one of South America's poorest countries. This year alone, the economy should grow 48%, the fastest rate on the planet, according to the World Bank. But managed poorly,... Continue Reading →
