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(QC) Offshore drilling company Valaris Limited (NYSE: VAL) has announced strong first quarter results for 2023, with new contracts and extensions announced worth approximately $820 million. Among the new contracts is a three-year offshore drilling project in Brazil, which will involve reactivating the VALARIS DS-8 drillship. CEO Anton Dibowitz expressed optimism for the company’s outlook. “We continue to be... Continue Reading →
Offshore wind developer Ocean Winds on Thursday announced the Final Investment Decision for the Dieppe Le Tréport offshore wind farm in France. The project of around 500 MW in France represents a total investment of €2.7 billion, said the company, which is a 50-50 joint venture in 2020 by EDP Renewables and ENGIE. Earlier in April 2023,... Continue Reading →
Transocean, best known for its deepwater drilling services in the oil and gas space, is looking to expand into the offshore wind sector and is planning to convert some of its offshore drilling vessels into wind foundation installation vessels. The company said Wednesday it had executed a non-binding memorandum of understanding with offshore wind installation... Continue Reading →
Engineering and design service provider Kent has been awarded a contract by EnBW and BP to carry out pre-Front End Engineering Design (FEED) studies for the 2.9 GW Morven offshore wind project in Scotland. The pre-FEED studies, which are expected to last six months, will involve engineering design work that supports key decisions, foundation type, corrosion... Continue Reading →
(OE) UK-based offshore wind developer SSE Renewables and Asia Pacific-focused renewable energy developer Equis have formed a joint venture to bid for a feasibility license to develop, construct, own, and operate an offshore wind farm project in Australia. The wind farm site is in Australia’s first Federal Government-declared offshore wind zone of Gippsland, near the... Continue Reading →
(Reuters) - Spanish engineering firm Acciona (ANA.MC) and Germany's Nordex (NDXG.DE) said on Friday they teamed up to develop green hydrogen projects within the next 10 years in the United States, Latin America and Africa. The 50-50 joint venture aims to reach the ready-to-build stage for its first projects by 2027 and expects to reach a production capacity of... Continue Reading →
Enbridge Inc. said Tuesday that the French government had selected EDF Renewables and Maple Power to develop the future Normandy offshore wind farm (Centre Manche 1), with an expected installed capacity of 1 GW. EDF Renewables is a subsidiary of the French utility EDF Group, and Maple Power is Enbridge's joint venture with Canada Pension... Continue Reading →
(OE) GreenIT, a joint venture between Plenitude (Eni) and CDP Equity (CDP Group), and Copenhagen Infrastructure Partners (CIP) through its Flagship Funds have signed an agreement to develop three floating offshore wind projects in Latium and Sardinia, Italy. The floating wind farms will be located roughly 30 km off the coast and have an overall... Continue Reading →
(Reuters) Hess Corp indicated the consortium that controls Guyana's oil production, of which it is a member, is prepared to relinquish 20% of the Stabroek oil block, but not any areas where it now produces or intends to produce oil in the future. An Exxon Mobil-led consortium controls the 6.6 million acres (26,800 sq km)... Continue Reading →
(OM) The growth in investment in renewable energy projects continues in 2023, according to a recent Rystad Energy report. There has been significant growth in offshore wind, with over 45 GW of capacity launched globally in 2022. As many countries ramp up efforts to meet self-imposed 2030 targets for installations, 2023 is expected to be... Continue Reading →
Brazil Energy Insight 