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(OE) Dutch marine and offshore services firm Boskalis said Tuesday it had secured a multidisciplinary role in the development of the Moray West offshore wind farm in Scotland. On behalf of its client, Ocean Winds, Boskalis said it would carry out "a large number of the activities" contributing to the development of the offshore wind... Continue Reading →
(Reuters) - Renewables investor Octopus Energy Generation plans a rapid increase in investment in offshore wind power after spending $1 billion in less than a year. The firm, part of Octopus Energy Group, said it has raised its stake in the 270 megawatt Lincs offshore wind farm off the east coast of England to 31%... Continue Reading →
Heerema Marine Contractors has installed the offshore substation topside on a four-legged steel jacket foundation at Iberdrola's Baltic Eagle offshore wind farm site in Germany, using its Thialf semi-submersible crane vessel. The offshore substation, built by Iemants-Fabricom, will collect the electricity generated by the Baltic Eagle offshore wind farm turbines and transform the supply voltage... Continue Reading →
(OE) Greencoat Renewables has completed the acquisition of a 22.5% stake in the Butendiek offshore wind farm in Germany from Marguerite Pantheon. Developed by wpd, the Butendiek offshore wind farm is located in Germany’s exclusive economic zone in the North Sea. It sits 32 kilometers west of the island of Sylt, and consists of 80... Continue Reading →
(Reuters) - Italian energy group Eni (ENI.MI) said on Thursday its adjusted net profit rose to 13.3 billion euros ($14.12 billion) in 2022, the largest in over a decade, but its shares fell as markets focused on a weaker exploration and production performance in Q4. The state-controlled group's 2022 performance was boosted by a heightened focus on... Continue Reading →
Oil and gas producer Wintershall Dea swung to a loss last year, hit by significant impairments and losses related to Russia's war in Ukraine, it said on Thursday. Wintershall reported a group net loss of 4.8 billion euros ($5.1 billion), including 7 billion euros in one-off, non-cash losses related to its Russian upstream and associated midstream... Continue Reading →
(Reuters) - European manufacturers are considering investing hundreds of millions of dollars in Vietnam to build wind turbines plants, sources familiar with the situation said, as the country gears up to exploit its large untapped potential in offshore wind. The Southeast Asian country is seen as a potential major player in the sector because of... Continue Reading →
(OED) French energy major TotalEnergies, in partnership with Simply Blue Group, has secured a marine license for the 100MW Erebus project, Wales' first planned floating wind farm. The project is owned by Blue Gem Wind, the joint venture between TotalEnergies and Simply Blue Group. Erebus is located approx 40km off the Pembrokeshire coastline and is planned to... Continue Reading →
Dutch General and Military Intelligence and Security Services (AVID and MVID) have sent a letter to the government together with an update on the latest insights into activities being covertly conducted by Russia, including those that are potentially being carried out in preparation for sabotage of the Dutch energy infrastructure in the North Sea. On... Continue Reading →
(Reuters) - Spain's biggest utility Iberdrola (IBE.MC) expects its net profit to increase by 8% to 10% this year from 2022, it said on Wednesday, discounting the country's windfall tax that would cut the growth rate to the mid-single-digit. Following Russia's invasion of Ukraine a year ago, energy markets in Europe hit record highs, adding to economic... Continue Reading →
Brazil Energy Insight 