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(Reuters) Shell Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it announced plans to sharply boost its dividend by year end when its CEO departs. Shell also extended its share repurchasing program, announcing plans to buy $4 billion of stock... Continue Reading →
(Reuters) - Spanish utility Iberdrola (IBE.MC) posted a 29% rise in nine-month net profit on Wednesday as growth in the United States and Brazil helped offset a fall in Spain that the company's chairman partly blamed on government overregulation. Energy prices in Europe have soared since Russia invaded Ukraine in February, which has hit markets that were... Continue Reading →
(Reuters) Oil and gas producer Wintershall Dea said on Tuesday that its most closely watched measure of earnings more than doubled in the third quarter of 2022 and that it would seek to strengthen business in locations outside Russia. Wintershall Dea was looking into whether the international business it is pursuing could be legally separated... Continue Reading →
DeepOcean has signed a charter agreement with shipowner Simon Møkster Shipping for the Stril Server multi-purpose support vessel (MPSV), set to be deployed in the renewables and oil & gas markets. Under the two-year agreement, Stril Server will provide subsea inspection, maintenance, and repair (IMR), light construction and recycling services to DeepOcean’s customers in the... Continue Reading →
Offshore wind service provider SeaRenergy said Wednesday it had secured a contract for offshore infrastructure services from Siemens Energy. The scope of work comprises integrated onshore and offshore logistics services executed during the commissioning of DolWin6 converter platform in the German Bight. DolWin6 is TenneT's 13th offshore grid connection system in the German North Sea... Continue Reading →
Renewable energy technology company Marine Power Systems has partnered up with floating wind farm developer Simply Blue Group to develop a project proposal for the Innovation and Targeted Oil and Gas (INTOG) leasing round run by Crown Estate Scotland. Innovation and Targeted Oil and Gas Decarbonisation (INTOG) seabed leasing round will allow developers to apply for... Continue Reading →
(Reuters) Denmark's Ørsted and Copenhagen Infrastructure Partners (CIP) have teamed up to develop 5.2 gigawatts (GW) of offshore wind in Denmark, corresponding to more than double the country's current installed capacity, the two companies said on Tuesday. The total of four projects will be developed through the so-called open-door procedure where the developers takes initiative... Continue Reading →
With the addition of 115 new global offshore wind projects during 3Q, Quest Floating Wind Energy (Q FWE) are actively tracking 696 projects (with statuses Possible, Planned, Pre-development and Under development) representing $1.75 trillion in CapEx, a one-half billion quarter over quarter gain. The Quest Offshore Wind Turbine Index (QOWTI), which tracks the Total Addressable... Continue Reading →
(EV) Shell is harnessing talent from its offshore oil and gas division to progress two major Scottish floating wind farms. The supermajor’s UK business manager for offshore wind, Melissa Read says they are “transitioning across” a lot of upstream skill to propel the Marram and Campion projects. Both floating wind schemes were secured alongside partner ScottishPower Renewables, a subsidiary of... Continue Reading →
Denmark-based offshore wind installation services firm Cadeler said Friday it had signed a letter of intent with a "blue chip" client. The client is looking into the possibility of using one of Cadeler's two O-class wind turbine installation vessels "over a long period of time," according to Cadeler. Cadeler has two O-class jack-up units -... Continue Reading →
Brazil Energy Insight 