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As the Colombian Government launched the country’s Offshore Wind Roadmap on 3 May, BlueFloat Energy revealed it has seven offshore wind projects under development in the country. This is just half of what the company plans in South America since there are also seven projects the Spanish developer is planning offshore Brazil. In Colombia, BlueFloat... Continue Reading →
Colombia’s President Iván Duque and Minister of Mining and Energy, Diego Mesa, launched the country’s Offshore Wind Energy Roadmap on 3 May at an event in the city of Barranquilla, whose waters will become the home of the first offshore wind farm in Colombia. The objective of the roadmap is to build a transparent and... Continue Reading →
(Reuters) - Wind turbine makers racked up hefty losses last quarter, swelled by rocketing costs and cut-throat competition despite being more in demand than ever. The industry started seeing a steep decline in prices and increased competition back in 2017 as some governments moved away from generous, fixed, subsidised tariffs for power toward an auction-based... Continue Reading →
Germany-based renewable energy company RWE Renewables has appointed Katie Theoharides as Head of Offshore Development (East) in its offshore wind team in the U.S. Theoharides comes to RWE from her position as Secretary of Energy and Environmental Affairs for the Commonwealth of Massachusetts "A cabinet secretary to Governor Charlie Baker, she was responsible for more... Continue Reading →
(WO) Greenfield investments in Angola and other leading and emerging hydrocarbon producing countries in Africa will help increase cumulative capital expenditure across the continent’s oil and gas sector in 2022 and beyond. According to the African Energy Chamber’s (AEC) Q1 2022 Outlook, The State of African Energy, which takes a deep dive into Angola’s current... Continue Reading →
(Reuters) - Shell (SHEL.L) on Thursday reported a record first-quarter profit of $9.13 billion, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading division. The last of the energy majors to report results, Shell joins sector rivals, including BP (BP.L) and TotalEnergies (TTEF.PA) in making big profits from the commodity price volatility stoked... Continue Reading →
In March, Brazil produced 2.981 MMbbl/d (millions of barrels per day) of oil, an increase of 2.2% compared to the previous month and 4.8% compared to March 2021. A further 134 MMm3/d (millions of cubic meters daily) of natural gas, an increase of 0.9% compared to February and 6.6% compared to the same month of... Continue Reading →
Oil and gas major BP intends to invest up to £18 billion (about $22.5 billion) in the UK’s energy system by the end of 2030 in a push to help the country deliver on its bold ambitions to boost energy security and reach net zero. One of the largest oil and gas producers in the... Continue Reading →
Petrobras will invest US$ 16 billion in the Campos Basin renovation plan, with plans to install three new platforms and connect more than 100 wells in the area over the next five years. With more than 40 years of history and two awards received by the Offshore Technology Conferece (OTC) for technological advances in the... Continue Reading →
(OE) U.S.-based international energy services and technology firm Baker Hughes has launched a new subsea wellhead technology, the MS-2 Annulus Seal. According to Baker Hughes, the seal can save substantial operational rig costs by helping lower overall wellhead installation costs due to reduced rig trips. "The new integrated sealing solution, globally launched and exhibited at... Continue Reading →
