Joe Biden offered American voters a radically different vision of energy policy from President Donald Trump, focused on addressing the threat of climate change. He will enter the White House with a goal of setting the US on course for net zero greenhouse gas emissions by 2050 and will take the US back into the... Continue Reading →
EU Eyes Huge Hike in Offshore Wind Capacity to Meet Climate Goals
The European Union is considering a plan to increase its offshore wind energy capacity five-fold this decade and 25-fold by 2050, as it seeks to become climate neutral by mid-century, according to a draft policy. The 27-nation EU, which is already home to 42% of the world's offshore wind capacity, says the technology now produces clean power at a... Continue Reading →
Boskalis Q3 offshore energy results partly hit by COVID-19, Horizon acquisition paying off
Boskalis has reported a revenue increase at its Offshore Energy business in the third quarter of 2020, compared to the previous two quarters, but also a drop in its order book to € 1.3 billion (€ 1.47 billion at the end of June). The company noted a strong contribution from the seabed intervention unit, while... Continue Reading →
Iberdrola’s $88B Green Spending Spree Eclipses European Big Oil’s Plans
Spanish wind energy group Iberdrola's plans to spend around $88 billion on renewable power by 2025 eclipse Europe's top oil companies' combined planned investments in low-carbon over the same period. Royal Dutch Shell, BP, Total, Norway's Equinor, Spain's Repsol, and Italy's Eni aim to grow their low-carbon businesses after setting out plans to sharply reduce... Continue Reading →
In a World’s First, Spider-like Robot Deployed on Offshore Wind Turbine
In what has been described as a "world's first" a spider-like robot recently achieved its first blade walk an offshore wind turbine in the UK, opening door to significant offshore inspection cost cuts. Developed by BladeBUG, with support of the Offshore Renewable Energy (ORE) Catapult, the six-legged inspect-and-repair robot last month repeatedly scaled blades at... Continue Reading →
Ibama concludes terms of reference for offshore wind licensing
The term of reference (TR) for offshore wind farms is now available to interested companies, according to Ibama's environmental licensing coordinator, Roberta Cox. The official release of the document is scheduled for November. The TR presents reference information and guidelines for the preparation of the Environmental Impact Study and the Environmental Impact Report (EIA /... Continue Reading →
Energy group Equinor aims for net zero emissions by 2050
(Reuters) - Norwegian energy company Equinor EQNR.OL aims to become a net zero emitter of greenhouse gases by 2050, including emissions from the production and final consumption of oil and gas, its new chief executive said as he took office on Monday. Anders Opedal, the first engineer to lead state-controlled Equinor, plans to expand the acquisition... Continue Reading →
Unique Floating Offshore Wind Design Gets DNV GL Nod
A unique double rotor floating wind turbine concept has earned a statement of feasibility from classification and certification body DNV GL. This statement, based on DNV GL’s technology qualification services, confirms that the nezzy² floater is designed to state-of-the-art safety, quality and performance standards, and allows its developer, aerodyn engineering, to secure investments and enter... Continue Reading →
Rystad: Offshore Wind to Become UK’s Largest Renewable Energy Source in 2026
Installed offshore wind capacity will surpass onshore wind in the UK by 2026, and the UK will meet its goal to double its renewable energy capacity by 2030 four years early. This is according to the Norwegian energy intelligence company Rystad Energy, which says the targets will be met by a wave of mostly wind... Continue Reading →
Aker Solutions sees profit rise despite lower revenues
Norwegian oilfield services provider Aker Solutions boosted its profit in the third quarter of 2020 despite lower revenues as oil and gas operators reduced their activity levels amid lower oil prices and Covid-19 pandemic. Aker Solutions on Wednesday posted a net income of NOK 119 million ($13 million) for the third quarter of 2020, an... Continue Reading →