Brought to you by Quest Offshore & Southern Cone Consultants
(Source: The Conversation) Offshore winds have the potential to supply coastlines with massive, consistent flows of clean electricity. One study estimates wind farms just offshore could meet 11 times the projected global electricity demand in 2040. In the U.S., the East Coast is an ideal location to capture this power, but there’s a problem: getting electricity... Continue Reading →
(Reuters) - Shell reported second-quarter profit of $6.3 billion, a drop of 19% from the previous three months as refining margins and oil and gas trading weakened, though still beating analysts' forecasts. The results were lifted by strong performances in the oil and gas production and retail marketing businesses and the profit was nearly 25% higher... Continue Reading →
(offshoreWIND.biz) Japan’s Sumimoto Corporation and JGC Japan Corporation have signed an agreement to investigate the possibility of collaboration in the detailed design, manufacture, and delivery of structural components for floating offshore wind turbines. According to the companies, they aim to cut costs, improve efficiency, and mass-produce structures for floating wind farms, while also setting up... Continue Reading →
(Reuters) BP increased its dividend and extended its share repurchasing programme on Tuesday as it reported a forecast beating second-quarter profit of $2.76 billion, with weak refining offset by stronger oil prices and retail. The result will ease pressure on CEO Murray Auchincloss after BP fell short of profit expectations in the previous two quarters.... Continue Reading →
(offshoreWind.biz) The global energy landscape is undergoing a transformation with an increasing demand for clean and renewable energy sources. Wind energy is a crucial player in this transition. The technology that can increasingly contribute to this development is floating offshore wind. This promising technology is key to unlocking the potential of wind energy in deeper... Continue Reading →
(Reuters) The U.S. Bureau of Ocean Energy Management said on Friday it is seeking competitive bids for offshore wind leases off the coast of Texas after renewable energy developer Hecate Energy Gulf Wind LLC made an unsolicited bid. The administration of President Joe Biden sees offshore wind power as a vital part of a broader... Continue Reading →
The U.S. Department of Energy’s (DOE's) Wind Energy Technologies Office (WETO) has issued the Offshore Wind National and Regional Research and Development Funding Opportunity, which will award $48.6 million for projects that address several major areas of need for offshore wind. The areas include accelerating research and development of floating offshore wind platforms, exploring innovations... Continue Reading →
( Offshore-energy.biz) The Norwegian state-owned energy giant Equinor has managed to maintain a stable net profit in the second quarter of 2024, registering a drop quarter on quarter but a slight increase compared to the same period last year, while the firm continued working on field developments and supplied hydrocarbons to Europe to increase the... Continue Reading →
(offshoreWIND.biz) Rovco has been selected to conduct site characterization operations on the Green Volt floating offshore wind farm project in Scotland. UK-based company will focus on geophysical surveys in the offshore wind farm array area, offshore and nearshore export cable corridors, shallow Piezocone Penetration Test (PCPT), and vibrocoring. Rovco’s DP2 survey vessel Glomar Supporter will begin its... Continue Reading →
(Reuters) - Turbine and engine maker Siemens Energy (ENR1n.DE), opens new tab will build a 280-megawatt (MW) green hydrogen electrolysis system for Northern German utility EWE (LANDWE.UL) which is expected to begin operating in 2027, the two companies said on Thursday. The awarding of the contract is one of a flurry of deals after Germany last week... Continue Reading →
Brazil Energy Insight 