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(OE) Welligence expects global offshore exploration drilling activity in 2023 to remain relatively steady year-on-year. The majors will drive much of the activity in their core regions, along with Petrobras, the world’s leading deepwater operator. And while there are far fewer independents active in the offshore today compared to 10 years ago, Welligence still anticipates... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) and Spain's Dragados Offshore have been awarded a contract worth more than 4 billion euros ($4.29 billion) to build two converter systems for offshore wind energy grid connections in Germany, the German company said in a statement on Tuesday. Siemens Energy said the contract, which was awarded to the consortium of both... Continue Reading →
Norwegian floating wind technology developer Odfjell Oceanwind said Monday it would, together with its partner Source Galileo, participate in the competition for seabed lease for floating offshore wind on Utsira Nord west of Haugesund in Norway, with their UtsiraVIND project. The three 500 MW seabed leases are intended to stimulate technology and innovation with the... Continue Reading →
(OET) Hellenic Cables has signed a contract with Asso.subsea for the transportation, installation, and protection of the 220 kV submarine export cable that will connect 50Hertz’s own transformer platform at the Windanker wind farm in the Baltic Sea to the national grid as part of the Ostwind 3 grid connection system. The overall system will... Continue Reading →
(UPI) -- Two companies are now tasked with mapping the shallow waters off Norway to advance the nation's offshore wind energy footprint, the government said Friday. The Norwegian Petroleum Directorate, the nation's energy regulator, awarded contracts to Dutch geological data firm Fugro and geoscience consultant Enviros to map the shallowest areas under the seabed for potential wind energy... Continue Reading →
Philip Lewis, Contributor (OE) The drivers for global offshore wind growth look good for 2023. Global offshore wind is forecast to grow from over 60 GW at the end of 2022 to 240 GW by 2030 and over 410 GW by 2035. But the sunny outlook must be balanced with some building dark clouds. As we... Continue Reading →
(Reuters) Britain’s wind farms contributed a record 26.8% of the country’s electricity in 2022 although gas-fired power plants remained the biggest source of power, National Grid data showed on Friday. Britain has a target to reach net zero emissions by 2050 which will require a huge scale-up of renewable power generation such as wind and... Continue Reading →
(Reuters) - Earnings from Shell's (SHEL.L) liquefied natural gas (LNG) trading operations are likely to have been significantly higher in the fourth quarter of last year despite a sharp output drop owing to plant outages, it said on Friday. Europe's largest oil and gas company's update ahead of its full-year results on Feb. 2 also said it... Continue Reading →
Figure 1: Courtesy Rystad Energy About the Author: Matt Hale is a Lead Analyst at Rystad Energy, based in Houston, Texas. He covers oilfield services including seismic, drilling, intervention, and abandonment markets. Offshore exploration and production (E&P) capital expenditures (capex) will shake off the pandemic-induced declines of the past two years and rebound by 20%... Continue Reading →
Norwegian industrial giant Hydro and compatriot next-generation offshore wind technology developer World Wide Wind (WWW) plan to explore using recycled aluminium to build a potentially revolutionary new floating design, under a letter of intent (LoI) signed today (Thursday). The pair – which expects to expand its collabloration to investigate employing the lightweight metal alloy in... Continue Reading →
Brazil Energy Insight 