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Norway's Equinor has submitted a bid for ‘shovel-ready’ Empire Wind 1 offshore wind project to New York’s expedited fourth wind solicitation. If awarded, Empire Wind 1 is expected to provide first power in 2026, and will be able to deliver renewable power to more than half a million New York home, according to Equinor. Already several years into development,... Continue Reading →
(OE) The U.S. government has awarded a major grant to the Humboldt Bay Harbor, Recreation, and Conservation District for the construction of a new marine terminal to be primarily used for floating offshore wind-related activities. The grant for the Humboldt Bay Offshore Wind MVP (Minimum Viable Port) project comes through the U.S. Department of Transportation’s... Continue Reading →
(Reuters) - Suriname should boost incentives for energy companies looking to develop oil and gas discoveries, said Zamri Baseri, head of Malaysia's Petronas (PETRA.UL) in the South American country. Baseri did not specify the incentives his company is looking for, but lower royalties and taxes, or commercial incentives often hasten investment decisions by energy companies.... Continue Reading →
(OW) Europe’s offshore wind industry brought online a record 4.2 GW of new capacity in 2023 and is expected to build around 5 GW of offshore wind annually over the next three years, according to WindEurope data. However, this is still not enough to meet the continent’s 2030 climate and energy security targets, WindEurope added.... Continue Reading →
(Reuters) The U.S. offshore wind industry reached an important milestone on January 2 when Vineyard Wind 1, the country’s first large scale project, supplied first power to the Massachusetts grid. “As the nation’s first utility-scale offshore wind farm this is a fairly momentous event,” Ken Kimmell, Chief Development Officer for Avangrid, the Iberdrola subsidiary co-developing the... Continue Reading →
(EV) BlackRock will pay $3bn in cash, with around $9.48bn in 12 million BlackRock shares. GIP is an investor in a number of infrastructure assets, including a wide array of energy projects around the world. BlackRock said GIP had more than $100bn in assets under management (AUM). After closing, the investor would have around $150bn... Continue Reading →
(OE) The European Union has built 17 GW of new wind energy in 2023, with 3 GW of new capacity coming from offshore wind farms. The WindEurope data shows that Germany built the most new wind capacity followed by the Netherlands and Sweden. The Netherlands built the most new offshore wind, including the 1.5 GW Hollandse... Continue Reading →
Porto do Açu, operated by Prumo Logística, celebrates a decade of operations in 2024. Located on the north coast of Rio de Janeiro, close to Petrobras' rich pre-salt oil reserves, Porto do Açu stands out as the largest port-industry complex private sector in Brazil. Recently the complex has been venturing into new territories, with substantial... Continue Reading →
(OE) Ports in the UK such as Aberdeen serve as vital gateways to the offshore energy supply chain, providing services from surveying and construction to operational support, maintenance and decommissioning for oil and gas platforms and renewable energy installations all around the UK coastline. Vessels, moving 84.5 million tons of energy related cargo in 2022,... Continue Reading →
(OET) U.S. energy company New Fortress Energy (NFE) has signed a definitive agreement to acquire a 1.6 GW capacity reserve contract (PortoCem PPA) from Ceiba Energy that will be transferred to new power assets connected to NFE’s existing LNG terminals in Brazil, enabling NFE to become “leading LNG-to-power company” in the country. According to NFE, the... Continue Reading →
Brazil Energy Insight 