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(Reuters) - Top U.S. oilfield service firms SLB and Halliburton posted higher quarterly profits on Friday helped by strong global demand, but they warned of softer activity in North America for the second half of this year. Oilfield service providers have in recent quarters bet on growth overseas, particularly in the Middle East and Asia, as well... Continue Reading →
(Reuters) - Bolivian state oil firm YPFB will spend around $400 million to drill gas wells and build facilities at a recently discovered natural gas "mega" field, the company said on Thursday. Production at the Mayaya field, estimated to hold 1.7 trillion cubic feet (TCF) of natural gas, should kick off in three to four years, YPFB... Continue Reading →
(OE) Danish offshore wind installation firm Cadeler has signed a preferred supplier agreement to secure vessel capacity with an undisclosed client, to transport and install offshore wind turbines. The installation campaign is due to commence in 2029 for an undisclosed client and project.t The effectiveness of the agreement is contingent upon the client’s success in... Continue Reading →
(TN) The World Bank Group released today 16/07, a study on "Scenarios for Offshore Wind Development in Brazil" based on analysis by DNV, an independent global expert in energy and risk management. This report is part of a series of offshore wind roadmap studies commissioned by the World Bank Group (WBG) under the Offshore Wind... Continue Reading →
(TN) Bill (PL) No. 2,038/2023, which creates the legal framework for low-carbon hydrogen, was approved by the Chamber of Deputies. Now, the text goes to President Lula for sanction. The Bill provides for the National Low Carbon Emission Hydrogen Policy – coordinated by the Ministry of Mines and Energy (MME) – and establishes incentives to... Continue Reading →
NREL Researchers Identify Promising Locations off US Coastlines for Installation of Technology (CleanTechnica.com) Using electricity generated by offshore wind turbines as one pathway to split water to produce clean hydrogen may make economic sense, particularly along the U.S. Atlantic Coast and in the Gulf of Mexico, according to researchers at the National Renewable Energy Laboratory... Continue Reading →
(Reuters) - The Spanish government has moved to support Siemens Energy's wind turbine division, Siemens Gamesa, as part of a 1.2 billion euro ($1.31 billion) guarantee facility, Spanish export credit insurance agency Cesce said on Monday. The Spanish state's backstop will be up to 600 million euros, or 50% of the package to support wind projects,... Continue Reading →
(Splash) The California Energy Commission has approved a strategic plan to develop a massive floating offshore wind industry with the aim of achieving 25 GW of capacity by 2045. California’s electricity grid is served by nearly 35,000 MW of renewable resources today, but to meet the 2045 goal, the state will need an additional 148,000... Continue Reading →
(OE) Ørsted has completed the acquisition of Eversource’s 50 % share of Sunrise Wind, a 924 MW offshore wind farm located off the coast of New York. The purchase price at closing to acquire Eversource’s share of Sunrise Wind is $152 million. At signing in January 2024, the transaction was valued at $230 million, and... Continue Reading →
(Reuters) Britain's renewables industry has called on the new Labour government to increase the country’s renewable auction budget by hundreds of millions of pounds to help meet its offshore wind target and wider goal to decarbonize the power grid. Labour swept to victory in Britain’s election last week and the party has pledged to expand... Continue Reading →
Brazil Energy Insight 