(PN) The Brazilian Environmental Institute (Ibama) issued the operating license for FSO Pargo, which will be operated by Perenco at the Pargo Complex, in the Campos Basin. The license will last for eight years. FSO type ships are only used for storage and transport – and therefore do not have modules on their topside. The... Continue Reading →
Ørsted Secures 1.6 GW Offshore Wind Capacity in South Korea
(OW) Ørsted has secured an Electricity Business License (EBL) from the Ministry of Trade, Industry and Energy of the Republic of Korea for the 1.6 GW Incheon offshore wind project. The license grants Ørsted exclusive development rights for its gigawatt-scale Incheon offshore wind project which is set to become the largest in Korea on completion... Continue Reading →
Offshore oil & gas exploration heats up in Namibia as Galp spuds prospect while Chevron seeks green light for multi-well drilling program
Portuguese oil and gas company Galp has kicked off drilling operations at a well in license PEL 83 offshore Namibia, located close to Shell’s Graff and TotalEnergies’ Venus discoveries. On the other hand, the U.S. oil major Chevron is looking to drill up to ten new wells in PEL 90. These licenses are located in... Continue Reading →
Vale and Petrobras can anchor demand for green hydrogen in Brazil
(epbr) Vale's president, Eduardo Bartolomeo, highlighted that the company, the largest individual consumer of energy in Brazil, could guarantee the demand for national green hydrogen with the production of green steel and consumption of biofuels in its fleet. Jean Paul Prates, president of Petrobras, reiterated the possibility of the company using green hydrogen, produced by... Continue Reading →
Colombia to Take Offshore Wind Farm Bids in August 2024
(Reuters) Colombia will receive offers for offshore wind blocks in August 2024, according to a timeline published by the government on Friday, following a presentation it gave to private companies and European government representatives. The government of President Gustavo Petro, Colombia's first leftist leader, has said he intends to wean the Andean country off its... Continue Reading →
Brazilian oil industry gets support from new congressional caucus
(Reuters) - Brazilian lawmakers have set up a congressional caucus to represent Brazil's oil and gas industry, led by state-run producer Petrobras (PETR4.SA), and to back the company's plans to explore offshore fields near the mouth of the Amazon River. "Petrobras has to do that. We have to explore for oil off-shore from Para to Amapa... Continue Reading →
Netherlands Overshoots 2023 Offshore Wind Target
(OW) The Netherlands will reach, and exceed, the target set in its Offshore Wind Energy Roadmap 2023 by the end of this year. The country’s first offshore wind roadmap, created following the Dutch Energy Agreement signed ten years ago, sets a goal of 4.5 GW of installed capacity by the end of 2023 – and... Continue Reading →
Scottish Floating Wind Farm Project Seeks to Reduce Number of Turbines while Keeping Capacity
(OE) The Copenhagen Infrastructure Partners-led Pentland Floating Offshore Wind Farm project in Scotland has submitted an application to vary its Section 36 consent and associated marine licenses as a result of further survey work and advancements in project design. The S36 Consent and associated marine licenses were granted by the Scottish Government Marine Directorate for... Continue Reading →
Bill Expediting California’s Offshore Wind Development Signed into Law, New Legislation Said to Cut Permitting Timeline by Five Years
(OW) California’s Governor Gavin Newsom signed two new offshore wind bills into law on 7 October. Coming into effect on 1 January 2024, the Offshore Wind Expediting Act (bill SB 286) is set to shave five years off of the offshore wind permitting timeline, while under the California Offshore Wind Advancement Act (bill AB 3),... Continue Reading →
US Committed to Tackling Offshore Wind Challenges -Intelatus
(OE) Despite the negative headlines around the longer-term prospects for the U.S. offshore wind segment, business intelligence company Intelatus Global Partners sees continued efforts by the federal government and, in particular, the East Coast states to find solutions to the challenges faced by the industry as whole, which can be grouped under three headings: high... Continue Reading →