Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - A new platform for power deals in Brazil will launch next year, its backers announced on Tuesday, marking the first such energy exchange in Latin America's biggest economy and an attempt to boost trading of energy financial products in the country. Named N5X, the new exchange is a joint venture between the L4... Continue Reading →
Eric Haun, Editor (OE) An offshore wind industry is growing in the U.S. with an aim to meet the Biden Administration’s goal of 30 gigawatts (GW) of offshore wind by 2030, and eventually 110 GW by 2050. But as is the case for any new industry that is building up, there are going to be bumps... Continue Reading →
(Reuters) A perfect storm of supply chain delays, design flaws, and higher costs in the offshore wind industry has put dozens of projects at risk of not being delivered in time for countries to meet climate goals, industry executives, investors, and analysts said. The race to reduce reliance on fossil fuels is putting pressure on... Continue Reading →
(Reuters) - The European Union will put forward a package of measures to support Europe's wind power industry as renewable energy companies struggle with challenges including inflation, European Commission President Ursula von der Leyen said on Wednesday. "We will fast-track permitting even more. We will improve the auction systems across the EU. We will focus... Continue Reading →
(OE) ROV-specialist Forum Energy Technologies (FET) has launched a new tooling rental offering for remotely operated vehicles (ROVs) in response to the changing demands of the subsea sector. "With increasing ROV asset investment across hydrocarbon and offshore renewable energy, as well as defense sectors, FET’s new rental offering is designed to address the need for... Continue Reading →
(OE) Japan's Mitsui O.S.K. Lines (MOL) will invest in a floating wind technology start-up, TouchWind. TouchWind is developing the tilting angled one-piece rotor wind turbine which is expected to reduce wind interference between wind turbines that tends to occur in large wind farms and improve overall wind farm power generation efficiency. In addition, MOL said,... Continue Reading →
(OW) New and existing offshore wind farms could help generate large amounts of green hydrogen and support the UK and EU meet their net zero targets, if the necessary infrastructure can be put in place, according to a new report commissioned by Crown Estate Scotland. The “Commercial Models for Future Hydrogen Production” report, written by Xodus Group,... Continue Reading →
(RE) Brazil has the potential to produce up to 1.8 billion tonnes of hydrogen a year at some of the lowest costs in the world, officials in Brasilia have said, with nearly 20% coming from projects supplied with power from offshore wind. For the time being, however, there are no offshore wind projects in development... Continue Reading →
With corporate headquarters in Norway and operational headquarters in the U.S., TGS is actively working on scaling up the efficiency of seismic surveys. To this end, the energy data and intelligence provider is pooling resources with Apparition Geoservices GmbH, thanks to a new long-term collaboration agreement. The exclusive four-year collaboration agreement enables TGS and Apparition... Continue Reading →
(Reuters) Guyana has gained a larger share of Europe's oil market this year, vessel monitoring data showed, driven by rising output by a consortium led by ExxonMobil and strong demand for light sweet crude grades amid a reshuffling of global oil flows. Western sanctions on Russian oil due to its invasion of Ukraine since last... Continue Reading →
Brazil Energy Insight 