Category: Energy

Principle Power signs MoU with shipyard HSG Sungdong to advance serial manufacturing of WindFloat® floating wind foundations in Korea

Principle Power has signed a non-exclusive Memorandum of Understanding (MoU) with HSG Sungdong to cooperate on engineering developments for mass production and assembly of WindFloat® technologies. The agreement furthers the development of a sustainable domestic supply chain in South Korea and supports the country's ambition to achieve 14.3 GW of offshore wind capacity by 2030.... Continue Reading →

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BOEM Seeks Input on Offshore Wind Studies in US Territories

(offshoreWind.biz) The US Bureau of Ocean Energy Management (BOEM) is seeking ideas for baseline environmental and socioeconomic studies to inform its decisions on potential offshore wind energy activities in the US territories. To formally request ideas for baseline environmental and socioeconomic studies, the bureau has issued a request for Letters of Interest (LOI). In addition,... Continue Reading →

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Strohm Secures Over $21M Investment to Expand CCUS and Hydrogen Market Presence

(OE) Dutch thermoplastic composite pipe (TCP) technology company Strohm has secured $21.4 million ($20 million) investment from SENCO Hydrogen Capital, aimed at boosting its growth trajectory focused on hydrogen and carbon capture utilization and storage (CCUS) applications. The partnership between the two companies also seeks to reduce carbon footprint in the pipeline infrastructure for conventional... Continue Reading →

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Mexican Billionaire Carlos Slim Wants to Join Pemex in Deepwater Natural Gas Project

(Reuters) Mexico's President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country's first deepwater natural gas project, working alongside state energy company Pemex. In March, Reuters reported that Pemex officials and the billionaire tycoon's team were discussing ways to revive development of the Lakach field in... Continue Reading →

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ABL Group Wraps Up Ross Offshore Acquisition

(OE) Global consultancy ABL Group has completed the transaction to acquire 100% of the shares of specialist energy consultancy Ross Offshore, which now will merge with ABL Group company AGR. The combination of AGR and Ross Offshore will further strengthen the group’s center of technical excellence in wells, reservoirs and marine and survey management. Integration... Continue Reading →

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Peru eyes measures to bring state oil firm from financial brink

 (Reuters) - Peru officials are looking at ways to help cash-strapped state oil firm Petroperu avoid bankruptcy or liquidation, Economy Minister Jose Arista told Congress on Friday, including cost cutting, asset sales and possible private management. The company described its financial condition last month as "extremely grave." "Petroperu is currently facing a difficult financial situation that... Continue Reading →

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