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(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 →
(OE) Despite short-term obstacles driven by high inflation and interest rates coupled with supply chain issues, we maintain that the foundations supporting long-term offshore wind activity remain solid. As we prepare for the new year, let us look at 10 factors that will shape the offshore wind sector in 2024. 1. A Continuously Dynamic Energy... Continue Reading →
(OW) Steelhead Americas, Vestas’ North American development arm, and Mitsubishi-owned Diamond Offshore Wind (DOW Wind) have signed operating agreements to build the first offshore wind farms in Louisiana waters. The State Mineral and Energy Board has approved a 6,162-acre property agreement for DOW Wind off the coast of Terrebonne and Lafourche parishes and a 59,653-acre... Continue Reading →
(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 →
(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 →
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 →
(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 →
(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 →
(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 →
(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 →
Brazil Energy Insight 