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July 29 (Reuters) - EDP Renewables, the world's fourth-largest wind energy producer, said on Wednesday recurring first-half net profit rose 33% from a year earlier and beat analysts' expectations, driven by solid growth in U.S. operations. The renewables arm of Portugal's EDP said recurring net profit, which excludes one-offs, reached €183 million ($209 million), exceeding the... Continue Reading →
July 22 (OE) Italian energy contractor Saipem's merger with Norwegian peer Subsea 7 may lead to price hikes and less innovation, EU antitrust regulators warned on Wednesday as they opened a full-scale investigation. The deal announced in February last year would create a leading global player in offshore energy services, from drilling and engineering to laying... Continue Reading →
July 16 (Reuters) - Portugal and Brazil are seeking to attract Brazilian investors to build one or two advanced biofuel and sustainable aviation fuel plants in Portugal, the country's energy minister said on Thursday. Maria da Graca Carvalho said she would discuss the project — which targets both the domestic and European markets — when... Continue Reading →
July 14 (offshoreWIND.biz) The offshore wind sector is now standardizing around 15 MW+ mega-turbines, requiring monopile foundations with diameters stretching up to 15 meters (approx. 49 feet) and steel plate thicknesses exceeding 150 mm to 170 mm (approx. 6″ to 6.7″). For fabricators, the core challenge is clear: how to roll plates of this scale... Continue Reading →
July 10 (Reuters) - Italian energy contractor Saipem's merger with Norwegian peer Subsea 7 is set to face a full-scale EU antitrust investigation because of competition concerns about the deal, people with direct knowledge of the matter said. The companies announced the deal in February last year to create a leading global player in offshore energy services,... Continue Reading →
July 10 (offshoreWIND.biz) The 30 MW Éoliennes Flottantes du Golfe du Lion (EFGL) floating offshore wind farm, located off France’s Mediterranean coast, has reached full power, Ocean Winds (OW), the owner and developer of the project, said. With three 10 MW turbines located 16 kilometers off the Occitanie coast and installed on semi-submersible floaters, this... Continue Reading →
June 16 (OE) Scottish floating wind technology developer Encomara has received Product Design Assessment (PDA) approval from the American Bureau of Shipping (ABS) for its Squid floating offshore wind installation system, marking a key certification milestone as the company advances the technology toward commercial deployment. The PDA follows Approval in Principle (AiP) granted by ABS... Continue Reading →
June 16 (OE) Europe will require a dedicated fleet of around 65 CO2 carriers and a network of 33 ports by 2050 to support the large-scale deployment of carbon capture, utilization and storage (CCUS), according to a new study led by energy consultancy Xodus. The CCUS Enabling Infrastructure Study, prepared by Xodus on behalf of the... Continue Reading →
June 11 (Reuters) - France's energy ministry said it would open on Friday a long-awaited call for tenders to develop 10 gigawatts of offshore wind projects, mostly located on the country's west coast. Offshore wind projects have faced challenges globally as rising costs and mounting political opposition in some countries, such as from the Trump... Continue Reading →
June 10 (OE) PXGEO has signed a one-year framework agreement with Equinor to conduct autonomous subsea inspection trials using Saab's Sabertooth Underwater Intervention Drone (UID) technology. The agreement will see the companies test and verify autonomous inspection capabilities, including validation of autonomous behaviors for offshore inspection operations. The first call-off under the agreement is already... Continue Reading →
Brazil Energy Insight 