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(Reuters) French oil major TotalEnergies is close to acquiring vertically-integrated renewable developer VSB Group from private equity firm Partners Group for about 2 billion euros ($2.10 billion), Bloomberg News reported on Tuesday. TotalEnergies and Partners Group declined to comment. VSB Group did not immediately reply to a request for comment. Germany-based VSB has a renewables... Continue Reading →
(OE) McDermott has been awarded a front-end engineering design (FEED) contract by Repsol Exploración México for the Polok and Chinwol field development project in the Gulf of Mexico. Under the contract scope, McDermott will provide comprehensive FEED services for the project's engineering, procurement, construction, and installation (EPCI) of subsea, umbilicals, risers, and flowlines (SURF). "Our... Continue Reading →
(Reuters) - U.S. President Joe Biden's administration has awarded over $100 billion in grants created by its signature climate law, the Inflation Reduction Act, Biden senior advisor for international climate policy John Podesta said. The administration hopes the spending milestone will help to continue the deployment of clean energy even after President-elect Donald Trump, a climate change skeptic who has... Continue Reading →
(Reuters) - Colombia's majority state-owned energy company Ecopetrol plans to build a new green hydrogen plant at its refinery in the Caribbean city of Cartagena for some $28.5 million, it said in a statement on Monday. The plant will produce 800 tonnes of green hydrogen a year, making it Latin America's biggest, Ecopetrol said in the... Continue Reading →
ELIRE Infra, a revolutionary innovation company, operating at the intersection of infrastructure, mobility and clean energy, has announced today, its pioneering ‘Smart Hubs’ - modular, multi-purpose and scalable infrastructure solutions, designed to accelerate decarbonisation across ports, harbours, waterways, and the industries they support. ELIRE Infra’s Smart Hubs address critical infrastructure challenges by offering a sustainable,... Continue Reading →
Norwegian energy giant Equinor has tucked a new steel pipe production milestone under its belt for its upcoming natural gas project off the coast of Brazil. Equinor marked the occasion by hosting a celebration at Confab, Tenaris’ welded mill in Brazil’s Pindamonhangaba to commemorate the completion of steel pipe production for the Raia project. With over 99%... Continue Reading →
(offshore-energt.biz) Argentina’s oil and gas firm YPF has joined a floating liquefied natural gas (FLNG) project being co-developed by Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure Golar LNG and Latin American integrated energy company Pan American Energy (PAE) in Argentinean waters. The $3 billion project will see the FLNG Hilli, set to... Continue Reading →
State leadership is going to be pivotal to the future of US offshore wind. Posted by Toussaint Williams - Plugged Into US Offshore Wind The U.S. offshore wind industry stands at a pivotal moment, with over 4,000 MW of capacity under construction (U.S. Offshore Wind Quarterly Market Report 2024 Q3, Oceantic Network) and ambitious growth... Continue Reading →
(offshoreWIND.biz) Sweden’s Hexicon has obtained the necessary regulatory clearance to acquire a controlling stake in the 1,125 MW MunmuBaram floating offshore wind farm in South Korea. The South Korean Electricity Regulatory Commission (KOREC) has approved the transfer of two out of three Electricity Business Licenses (EBLs) for the MunmuBaram floating offshore wind project. With this... Continue Reading →
(Reuters) - Argentina's massive Vaca Muerta shale formation produced a record 400,000 barrels per day (bpd) of oil in the third quarter, consultancy Rystad said on Friday. The figure is a 35% year-on-year surge in production thanks to improved productivity and evacuation capacity, putting the formation on track to hit its target of 1 million... Continue Reading →
Brazil Energy Insight 