Brought to you by Quest Offshore & Southern Cone Consultants
(U) Brazilian oil giant Petrobras is preparing a pilot project for the capture and storage of industrial carbon dioxide emissions and is looking to build partnerships for a first full-scale CCS hub for the country. While international peers such as ExxonMobil, Chevron, BP and Equinor are already working toward industrial CCS projects in the US... Continue Reading →
Brazil has all the favorable conditions to lead the global development of offshore wind energy. To get an idea, the country's estimated generation potential is 700 GW in offshore locations with depths of up to 50 meters - a volume that corresponds to more than 30 times the installed generation capacity in the world today... Continue Reading →
Fugro has reported a revenue of €465.8 million for the first quarter of 2023, representing an increase of 27.5 per cent, said to be especially related to offshore wind site characterization solutions, with all regions reporting double-digit growth. Overall, revenue in marine was €335.1 million, up by 34.7 per cent, as a result of increasingly... Continue Reading →
Three firms are vying to buy a minority stake of up to 49% in Iberdrola's "Baltic Eagle" offshore wind farm off the German coast, newspaper Expansion reported on Friday, citing unidentified market sources. The top candidates for the transaction valued at around 700 million euros ($769 million) are Abu Dhabi's Masdar, Swiss fund EIP and... 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 →
(OW) Marine Power Systems (MPS) have joined forces with Plataforma Oceánica de Canarias (PLOCAN) to deploy their floating offshore wind platform, PelaFlex, at an expected grid-connected test site on the southeast coast of Gran Canaria. PLOCAN will work with MPS regarding a pre-consented and grid-connected site for the testing of their technology and the associated... Continue Reading →
(OW) Spain-headquartered BlueFloat Energy and Greenvolt have joined forces to develop offshore wind projects in Portugal. According to the partners, Portugal holds great potential for offshore wind, which is now recognised by the national policymakers who seek to unlock the potential of this technology to deliver on the country’s decarbonisation targets. Portugal has recently identified... Continue Reading →
(OEP) A research, innovation and development centre in Brazil, focused on renewable energy and sustainability, has submitted an application for a test site for offshore wind to the country’s Institute for the Environment and Natural Resources (IBAMA). In the latest update to the map (and the list) of offshore wind projects for which environmental investigation licences have... Continue Reading →
Subsea 7 has reported a revenue of $1.2 billion for the first quarter of 2023, a 4 per cent increase compared to the same period last year, stating it is on track to achieve a higher whole-year revenue than in 2022. The revenue increase is said to reflect strong growth of 18 per cent in... Continue Reading →
Offshore wind developer RWE has entered a long-term vessel supply agreement with offshore vessel owner Acta Marine that it says paves the way for the decarbonization of offshore wind farm operations. The agreement is to build and operate two ‘green’ service operation vessels, which will be among the first in the world to be built... Continue Reading →
Brazil Energy Insight 