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(OM) IberBlue Wind plans to develop its first offshore wind project off the Iberian Peninsula offshore Andalusia, southern Spain. The Nao Victoria floating wind farm was named after the ship of the Magellan-Elcano expedition that completed the first circumnavigation of the Earth in the 16th century. The wind farm will stretch across a 310-sq-km area in the Alboran... Continue Reading →
(OP) LNG exports are already outpacing U.S. exports to Mexico—compared to lower-than-Mexico exports five years ago. Next year, U.S. LNG exports are set to further increase from the current around 11 billion cubic feet per day (Bcf/d), and to continue growing all the way through 2033, nearly tripling to reach 29 Bcf/d, according to WoodMac.... Continue Reading →
A geophysical survey has commenced at the Oriel Wind Park project off County Louth in the Irish Sea. The ultra-high-resolution geophysical survey started in November and is expected to be completed by mid-December, subject to weather and operational constraints. The goal of the survey, which will be carried out by the shallow draft vessel Fastnet Pelican,... Continue Reading →
(OET) Crown Estate Scotland has closed the window for applications under its Innovation and Targeted Oil and Gas (INTOG) leasing round, dedicated to offshore wind projects that will directly reduce emissions from oil and gas production and to small scale innovation projects, including alternative outputs such as hydrogen. A two-week registration window for INTOG opened... Continue Reading →
(Reuters) - Germany is examining introducing state guarantees for investments in renewable energies, Economy Minister Robert Habeck said on Monday, as Berlin attempts to become more independent in scaling up renewables capacity. The state support could include purchase and credit guarantees for renewable energies production, Habeck said, adding that these guarantees could somewhat overcome uncertainties... Continue Reading →
(OED) Offshore wind developer Vattenfall said Thursday it had hit the halfway mark with the installation of wind turbines at the Hollandse Kust Zuid (HKZ) wind farm offshore the Netherlands. “We're halfway towards having constructed the world’s first offshore wind farm built without subsidies, a major milestone we can all be very proud of,” says Søren... Continue Reading →
Subsea 7 has reported a revenue of $1.4 billion for the third quarter of 2022, a decrease of $47 million or 3% compared to Q3 2021, mainly due to a drop in revenue in the Subsea and Conventional business unit. Revenue for the third quarter of the Subsea and Conventional unit was $990 million, a... Continue Reading →
(OE) Over the last few years, many statements have been made concerning growth in offshore wind turbine and foundation installation demand. These statements have been followed, in some cases, by firm orders for high-specification vessels, mainly from established players. However, many of the announcements remain unconverted into shipyard orders. According to a new report released... Continue Reading →
(Reuters) - Oil major Shell (SHEL.L) and state-owned Chinese energy company CGN on Tuesday said that they would drop their plan for a floating wind power project on France's Brittany coast, citing inflation and supply chain problems among other reasons. "The project faced several technical, commercial and financial challenges, all in a context of constantly increasing costs... Continue Reading →
(Reuters) Siemens Energy on Wednesday reported a record order backlog of nearly 100 billion euros ($104 billion), boosting its shares and overshadowing a widening net loss blamed on its struggling wind turbine division, Siemens Gamesa. Siemens Energy - which provides services and equipment to the power sector, such as gas and wind turbines - said... Continue Reading →
Brazil Energy Insight 