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Norwegian construction firm Veidekke said Monday it has set its sights on the offshore wind market, with the company planning to become a key part of the value chain for floating offshore wind. The company said it was already participating in a larger feasibility study to specifically look into "how the floating foundations for the wind... Continue Reading →
(Reuters) - Spanish oil company Repsol (REP.MC) said on Friday it was buying renewable energy firm Asterion Energies, which has assets in Spain, Italy and France, for 560 million euros ($596 million) plus contingent payments of up to 20 million euros. Three sources with knowledge of the matter had told Reuters in October that both Repsol and French utility... Continue Reading →
Shell and Mitsubishi's subsidiary Eneco have won the bid to build an offshore wind farm at Hollandse Kust (west) lot VI, located in the North Seaoffshore the Netherlands. Shell said Thursday that the project would have an installed capacity of approximately 760 MW. It will be located some 53 kilometers off the Dutch coast from... Continue Reading →
Mainstream Renewable Power, BP and Statkraft have signed a memorandum of understanding (MoU) with Windport in Mandal, Norway, to "position the port at the forefront of offshore wind development." Mainstream, BP, and Statkraft are partnering to pursue a bid to develop fixed-bottom offshore wind power at the Sørlige Nordsjø II (SN2) license area. Besides... Continue Reading →
Crown Estate Scotland said on Tuesday that a total of 19 applications have been made for its Innovation and Targeted Oil and Gas (INTOG) offshore wind leasing process, aimed at cutting emissions from offshore oil and gas platforms in the UK North Sea. "This level of interest from industry demonstrates significant support for this exciting... Continue Reading →
(Reuters) HSBC will no longer provide new lending or capital markets finance for new oil and gas fields, the British bank said on Wednesday, as part of a wider update to its energy policy. The bank said it will continue funding natural gas projects for now, given the global energy crisis and the pressures placed... Continue Reading →
(OE) Vuyk Engineering Rotterdam has launched a design for a new offshore wind foundation installation vessel (FIV), called VERticale, in response to ever-growing wind turbines needing larger foundations. "VERticale is developed for an optimized deck layout," says Kuno van den Berg, Department Manager Operational Engineering at Vuyk Engineering Rotterdam. ©Vuyk Engineering Rotterdam "The location of the... Continue Reading →
(OET) Vattenfall Atlantis 1 and Global Tech II Offshore Wind GmbH have issued a contract notice seeking contractors to install inter-array cables for two wind farm projects offshore Germany. The two projects, Vattenfall Atlantis 1 and Global Tech II, are located in the German North Sea, in the N-7.2 and N-6.6 zones. The contract is... Continue Reading →
Montrose Port Authority says the port is set to become the first Scottish port to provide shore power infrastructure to the energy sector. To enable shore power to offshore energy industry vessels, the port has partnered with with Plug Shore Power Ltd in a 50/50 joint venture. The partnership will see an initial investment of... Continue Reading →
As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) reserves, with a total of 1.9 mmboepd (1.3 mmbpd of oil and 3.8 bcfd of gas) of FPS throughput capacity... Continue Reading →
Brazil Energy Insight 