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(OE) Japanese FPSO leasing firm MODEC said Thursday that the first steel-cutting ceremony for the Guyana-bound FPSO Errea Wittu had been held in China. MODEC secured its first order to supply an FPSO to Guyana in May 2023. The order came from an ExxonMobil-led consortium and is for the deployment of the FPSO to the... Continue Reading →
(OW) Japan’s Marubeni has signed a memorandum of understanding (MoU) with the Department for Business and Trade of the UK Government on comprehensive cooperation in clean energy projects, including offshore wind and green hydrogen businesses in the UK. According to Marubeni, the MoU affirms the partnership between the UK Government and the company, indicating the... Continue Reading →
(OM) RenewableUK says the total number of floating offshore wind projects has increased over the past year from 230 to 285. The association’s latest EnergyPulse Insights report also found that 227 MW of floating offshore wind are fully operational across 14 projects in seven countries. Norway leads with 94 MW across three projects, followed by... Continue Reading →
Japanese shipping giant Mitsui O.S.K. Lines, Ltd. (MOL) has, following a recent private placement, become a shareholder in Odfjell Oceanwind, a Norwegian floating wind technology developer. "The transaction generates significant capital which will be used to further strengthening Odfjell Oceanwind’s position as a global leader and frontrunner in floating offshore wind technologies. Odfjell Technology Ltd.... Continue Reading →
(OW) Japan-based Mitsui O.S.K. Lines (MOL) and EDF Renewables have signed a memorandum of understanding (MoU) to cooperate on offshore wind and green hydrogen business development. With this MoU, both partners agree to collaborate and bring together their respective and complementary knowledge and experience in offshore wind energy as well as in green hydrogen solutions.... Continue Reading →
(OE) Japan's Mitsui O.S.K. Lines (MOL) will invest in a floating wind technology start-up, TouchWind. TouchWind is developing the tilting angled one-piece rotor wind turbine which is expected to reduce wind interference between wind turbines that tends to occur in large wind farms and improve overall wind farm power generation efficiency. In addition, MOL said,... Continue Reading →
(OW) Hitachi Energy and the Danish renewable energy developer, Ørsted, have extended their long-standing collaboration for offshore wind farms for three more years. Under the extended framework agreement, Hitachi Energy will continue to support Ørsted’s global offshore wind farms. At a visit to Hitachi Energy’s factory in Ludvika in Sweden, Ørsted’s country head of Sweden,... Continue Reading →
(NA) Japanese chemicals company Kureha will partner with Brazilian state energy group Petrobras to develop a new way to capture carbon dioxide from offshore oil fields. Kureha will start developing a new catalyst to be used in a carbon capturing device this fiscal year at its research facility in northeastern Japan, in a joint effort... Continue Reading →
(Reuters) On Wednesday, Japanese oil and gas explorer Inpex raised its full-year net profit forecast by 7% and announced measures to boost the company's value and shareholder returns, including a dividend increase and share buyback. To address the country's number of undervalued stocks, the Tokyo Stock Exchange at the end of March called on companies... Continue Reading →
(OW) Japanese utility Kansai Electric Power Corporation (KEPCO) and Ingka Investments, the investment arm of Ingka Group, have joined the UtsiraVIND consortium, which will be bidding in the upcoming tender in Norway for the Utsira Nord area. The UtsiraVIND consortium originated as a partnership between Odfjell Oceanwind, a Norwegian provider of floating offshore wind technologies, and Source Galileo, a... Continue Reading →
Brazil Energy Insight 