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(OE) Offshore wind installation company Havfram has signed a Senior Secured Green ECA Term Loan Facility to fund its two wind turbine installation vessels ("WTIVs"), currently under construction at CIMC Raffles in China. The Facility was entered into with a syndicate led by DNB Bank ASA (Coordinator, Bookrunner, Green Loan Advisor and Agent) with... Continue Reading →
(OE) Oslo-listed oil and gas company BW Energy said Tuesday it had completed the acquisition of the FPSO Cidade de Vitoria from Saipem. The FPSO is currently producing approximately 10,000 barrels per day of oil from the Golfinho field offshore Brazil. BW Energy will pay Saipem a total of USD 73 million in fixed consideration... Continue Reading →
(OET) U.S.-headquartered energy giant ExxonMobil is taking several steps to slash its greenhouse gas emissions. The oil major’s CEO believes that renewables are not up to the task of handling emissions on their own, thus, the use of other technologies is seen as key to curbing emissions during the transition to a low-carbon and green... Continue Reading →
(OW) New York Governor Kathy Hochul has revealed that expedited offshore wind solicitations for the state will be held early next year. The forthcoming Requests for Proposals will be released on 30 November 2023. Final proposals will be due on 25 January 2024, with award announcements expected by the end of February 2024. These solicitations... Continue Reading →
(OW) Octopus Energy’s generation arm has launched a dedicated fund with Japan’s Tokyo Gas to invest GBP 3 billion (approximately EUR 3.5 billion) in offshore wind globally by 2030. The fund, set up with a GBP 190 million (about EUR 217 million) cornerstone investment from Tokyo Gas, will invest in the development, construction, and operational... Continue Reading →
(Reuters) Karoon Energy announced deals worth $720 million on Thursday to buy stakes in certain offshore oil and gas fields in the Gulf of Mexico from U.S.-based LLOG Exploration, in a move to diversify operations beyond Brazil and Australia. The oil and gas explorer said it would raise around A$480 million ($312.43 million) to fund a 30% stake purchase... Continue Reading →
(Reuters) - BP (BP.L) is seeking partners for offshore wind projects in Japan and may invest in hydrogen technology companies to tackle inflation and equipment bottlenecks that have battered the renewables sector. The oil major plans to expand in low carbon energy in the coming decades as it seeks a long-term business model that can survive the... Continue Reading →
PRIO S.A. ("Company" or "PRIO") (B3: PRIO3), in addition to the material fact released on November 3, 2022, informs its shareholders and the market in general that, on this date, received the payment regarding the conclusion of the sale of its 10% interest in the Manati Field ("Field" or "Manati") to Gas Bridge Storage S.A.... Continue Reading →
(Reuters) - Britain will increase the guaranteed price offered for offshore wind projects in its next renewables auction by 66%, the government said on Thursday, as it seeks to spur more projects after its last auction failed to attract any offshore wind investment. Britain, which is already the world’s second largest offshore wind market after... Continue Reading →
(OW) Denmark-based Cadeler has entered into an unsecured green term loan facility with The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (HSBC). The purpose of the loan facility is, among others, to fund Cadeler’s construction of the X-class and F-class newbuild vessels and upgrade of the existing O-class vessels with new cranes, namely Wind Orca and Wind Osprey.... Continue Reading →
Brazil Energy Insight 