Italian energy services company Saipem, Norwegian subsea services firm Havfram, and HVAS Invest Kappa AS (a company controlled by HitecVision) have signed a non-binding agreement to evaluate a potential collaboration in the development and construction of offshore wind farms. "The parties share the common objective to create a wider value proposition by integrating a range... Continue Reading →
US Proposes Offshore Wind Sale Off California Coast
(Reuters) The Biden administration on Thursday proposed auctioning five areas off the coast of California for offshore wind development, a critical milestone in expanding the nascent U.S. industry to Pacific waters. It is the latest in a government effort to put wind turbines along every U.S. coastline, with a goal of generating 30 gigawatts of... Continue Reading →
Chile signs agreements for green hydrogen production
(Reuters) Chile state development office Corfo signed agreements with three companies on Thursday to fund industrial green hydrogen production, which it says could double current production worldwide. The move would boost economic development and help with energy transition and meeting the challenge of decarbonization, Corfo's executive vice president Jose Miguel Benavente said in a statement.... Continue Reading →
Energy transition acceleration did not derail oil & gas exploration in 2021, Westwood says
Amid ever-increasing calls to phase out fossil fuels and pivot toward clean energy sources, oil and gas exploration activities remained resilient in 2021 undeterred by the accelerating energy transition, reveals Westwood Global Energy, an energy market research and consultancy firm, in its latest report. Westwood informed on Thursday within its latest analysis that high-impact oil... Continue Reading →
Six major LNG projects to watch in West Africa
African investment platform for the energy sector Energy Capital & Power has listed six key capital expenditure LNG project developments to watch in West Africa. The theme for this year’s MSGBC Oil, Gas & Power Conference & Exhibition is ‘The Future of Natural Gas: Growth Using Strategic Investment and Policymaking.’ This is a response to growing investor interest in... Continue Reading →
Tekmar to Deliver Cable Protection Systems for U.S. Wind Farm
Tekmar Group said Wednesday it had won a significant new contract to provide an integrated engineering solution, including Cable Protection Systems ("CPS"), for an offshore wind farm project in the U.S. The contract is expected to be delivered in 2023, Tekmar said, without sharing info on the identity of the client. Alasdair MacDonald, CEO of... Continue Reading →
TotalEnergies agrees to buy 50% of U.S. renewables company Clearway
(Reuters) - TotalEnergies (TTEF.PA) said on Wednesday it has agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, marking the French group's largest U.S renewables energy acquisition. TotalEnergies has been branching out into the fast-growing renewables energy sector and diversifying away from hydrocarbon-centred activities in recent years. The company said... Continue Reading →
Petrobras on the YPFB Natural Gas agreement
Petróleo Brasileiro S.A. - Petrobras clarifies the pieces of news in the media about the natural gas purchase agreement signed between Petrobras and Yacimientos Petrolíferos Fiscales Bolivianos (YPFB). In 1996, Petrobras entered into a long-term natural gas purchase and sale contract with YPFB, with a contracted volume of 30 MM m³/day. In 2019, the National... Continue Reading →
Petrobras Warns Diesel Shortage Is Looming Over Brazil
(OP) Brazil's state oil major Petrobras has warned the government that the country could slip into a diesel shortage this year unless the company is allowed to sell the fuel at market prices. According to a Reuters report, Petrobras had told the Brazilian government that it will be difficult for it and for other fuel importers... Continue Reading →
BW Offshore: One-year Charter Extension for FPSO in Ivory Coast
FPSO leasing firm BW Offshore has secured a one-year contract extension for the lease and operation of the FPSO Espoir Ivoirien. The firm period has been extended until the end of Q1 2023. The FPSO is operating on the Espoir field offshore the Ivory Coast for CNR International (Cote D'Ivoire) SARL. Financial terms of the... Continue Reading →
