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(OE) SLB has agreed to combine its carbon capture business with Aker Carbon Capture (ACC). The combination will leverage ACC’s commercial carbon capture product offering and SLB’s new technology developments and industrialization capability. SLB says it will create a vehicle for accelerating the introduction of disruptive early-stage technology into the global market on a commercial,... Continue Reading →
(Reuters) - Several offshore wind developers are on track to bid in the combined Connecticut-Massachusetts-Rhode Island offshore wind solicitation on Wednesday, including units of European energy firms Iberdrola (IBE.MC), opens new tab, Engie (ENGIE.PA), opens new tab and Orsted (ORSTED.CO), opens new tab. The U.S. offshore wind industry is booming so far in 2024, with several projects in various... Continue Reading →
(Reuters) The global market for offshore wind projects is improving with governments and companies now offering high enough prices to make projects economically viable, the CEO of Portugal's largest utility Energias de Portugal (EDP) said on Tuesday. Many countries are relying on a huge and rapid build-out of offshore wind farms to meet climate targets... Continue Reading →
(Reuters) - Mexican state energy company Pemex hopes to access financing at more favorable rates with a sustainability plan laying out its commitments to bring down emissions, the company's chief financial officer said Monday. Bond investors, which hold the vast majority of Pemex's financial debt, totaling more than $100 billion, have long considered the company... Continue Reading →
(Reuters) - PetroChina's (601857.SS), opens new tab, net profit rose 8.3% last year off record levels in 2022, as strong growth in natural gas sales and its marketing segment offset lower realised oil prices. PetroChina's net profit amounted to 161.1 billion yuan($22.34 billion) in 2023, versus 148.7 billion in 2022, while revenue fell 7.0% to 3,239... Continue Reading →
(JPT) Brazilian independent Enauta has agreed to sell a 20% participating interest in the BS-4 concession, which includes the Atlanta and Oliva fields, to Westlawn Americas Offshore (WAO) for $301.7 million. WAO is a portfolio company of Westlawn Group LLC and owns various interests in the Gulf of Mexico offshore basins. Enauta said the sale... Continue Reading →
(Reuters) The Biden administration on Friday released new rules that will make it easier for offshore wind developers to claim a subsidy for facilities planned in areas that have historically relied on fossil fuel industries for employment. The revision follows nearly a year of warnings by offshore wind companies that their projects might not move... Continue Reading →
(TN) In February, Constellation and Sapura concluded an unprecedented operation to change the thruster at sea on the Laguna Star drillship, under contract with Petrobras, around 200km off the coast of Rio de Janeiro. The operation, in a water depth of more than 2,000 meters, was carried out without the need for the drilling unit... Continue Reading →
( offshoreWind.biz)Last year was a record year for offshore wind projects reaching a final investment decision (FID) with nearly 9 GW of capacity hitting this milestone in 2023, according to WindEurope’s annual report, issued on 28 February. Ahead of its annual event, opening today in Bilbao, the European wind energy industry organisation also released a new... Continue Reading →
(Reuters) Energy firm Shell said on Wednesday it had sold its 50% stake in SouthCoast Wind Energy, established to develop wind projects off the coast of Massachusetts, to its joint venture partner Ocean Winds North America for an undisclosed sum. Offshore wind developments faced a slowdown in 2023 as rising inflation, higher borrowing costs and... Continue Reading →
Brazil Energy Insight 