Sept 17, 2020 Petrobras is interested in investing in renewable energies, but while other oil companies already have more defined plans for this sector, the Brazilian state-owned company is still looking for a way to enter in this market. The company's executive director of finance and investor relations, Andrea Marques de Almeida, declared that Petrobras... Continue Reading →
Oil Majors’ Renewable Push Drives Up Asset Prices – SSE CEO
Sept 17, 2020 Plans by European oil companies to increase their renewable power capacity are driving up the price tags on renewable businesses and projects, the CEO of British renewables and network company SSE, told Reuters. BP, Shell, and Total have all announced renewable expansion plans this year to reduce their reliance on fossil fuels and meet internal... Continue Reading →
BP Buys into Equinor’s U.S. Offshore Wind Business for $1.1B
Sept 10, 2020 Norwegian company Equinor and the British oil giant BP have entered into a strategic partnership to develop offshore wind projects in the US. Under the agreement, BP will buy a 50% stake in Equinor's Empire Wind and Beacon Wind assets on the US east coast for a total consideration before adjustments of... Continue Reading →
Offshore wind energy project in Rio Grande do Norte in Brazil
The proposal aims to implement an offshore wind farm in Rio Grande do Norte, with an area of 300 km², 52 wind turbines with 12 MW of installed power, in addition to two electrical substations The construction wind power project of an offshore wind farm in Rio Grande do Norte is getting closer and closer... Continue Reading →
Shell analyzes offshore wind in Brazil
Shell is already considering the possibility of developing offshore wind farm projects in Brazil, said the company's president in the country, André Araújo, during a webinar held by the British Chamber of Commerce and Industry in Brazil (Britcham) on September 1st. The executive explained that the company may apply technologies that are being studied abroad... Continue Reading →
Norwegian Offshore Drilling Firm Enters Floating Wind Game
Norwegian offshore oil and gas drilling contractor Odfjell Drilling is stepping out of the comfort zone and into the offshore renewables space. The company, which provides drilling rigs for oil and gas companies, on Thursday announced its investment in Oceanwind AS, a company working on developing harsh environment floating offshore wind turbines. Continue reading
Robotics: Autobots Transform in the Offshore Energy Sector
Robots and robotics have slowly been entering our lives, in various shapes and forms (and fictional characters), from self-driving household vacuum cleaners to highly automated manufacturing systems. Now they’re heading for the offshore world – in just as many shapes and forms. There could be a lot to gain from robotics, but platforms and offshore... Continue Reading →
Market Report: Global Heavy Lift Vessel Sector
The global heavy lift vessel market is a difficult place to be. Utilization for the fleet has remained depressingly low since the first oil and gas downturn in 2014, currently hovering around 33% for the global fleet with a lift capacity of over 800 tonnes, according to IHS Markit’s ConstructionVesselBase. Fixed platform installation work,... Continue Reading →
Equinor licenses 4 GW offshore wind farms in Rio and Espírito Santo/Neoenergia also bets on offshore wind farms
Aug 20, 2020 Equinor started licensing process with Ibama for the offshore wind farms Aracatu I and Aracatu II, with 2 GW in each and the possibility of expansion to 2.33 GW. The plan is to install the first wind farm on the coast of Rio de Janeiro and the second, between the states of... Continue Reading →
U.S. offshore energy industry releases economic impact study of offshore wind auctions
The United States has an opportunity to accelerate offshore wind energy growth, and benefit from 28 new gigawatts of clean energy and $1.7 billion in U.S. Treasury revenue by 2022, a new study released today from research group Wood Mackenzie finds. Findings from this study confirm additional lease areas are needed to meet demand, reduce... Continue Reading →