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Iberdrola has commissioned a solar-powered green hydrogen plant in Puertollano, central Spain, which it says is the largest plant currently operating in the world. The plant was opened on Friday by a delegation including King Felipe VI of Spain, the President of the Regional Government of Castilla-La Mancha, Emiliano García-Page, and Iberdrola chairman Ignacio Galán,... Continue Reading →
Danish offshore vessel company Maersk Supply Service has installed six mooring lines and six anchors for the DemoSATH floating wind project at the BIMEP open sea test site in the Biscay Bay off the coast of Armintza, Spain. SATH Technology is based on a concrete platform concept with a plug-and-play Single Point Mooring, the same... Continue Reading →
French offshore vessel operator Bourbon has won a contract to support the construction of the Eolmed project, a recently sanctioned pilot floating wind farm in the Mediterranean Sea, offshore France. The wind farm, owned by Qair, TotalEnergies, and BW Ideol, will consist of three floaters, each fitted with 10 MW turbines. This 30 MW project is located... Continue Reading →
Australian oil and gas company Karoon Energy has started its intervention campaign on the Baúna field, located offshore Brazil, using a Maersk Drilling-owned semi-submersible rig. After this campaign, the rig is scheduled for work on two more fields for Karoon. Karoon reported on Monday that its contract with Maersk Drilling for the Baúna intervention campaign... Continue Reading →
(Reuters) - Russian energy giant Gazprom (GAZP.MM) will not publish its first-quarter financial results, Interfax reported on Tuesday, citing an unnamed source. Several Russian companies have decided not to reveal their financial and operational results, while the government has classified some data amid Western sanctions over what Moscow calls a "special military operation" in Ukraine.
(Bloomberg) -- Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a profit center. In the past three years, Shell has drilled three exploration wells without finding any commercial volumes, said Marcelo de Assis, the head of Latin... Continue Reading →
BW Ideol and Tohoku Electric Power have initiated feasibility studies for a joint development of a commercial-scale floating offshore wind farm offshore Kuji City in Japan’s Iwate prefecture. The development will feature BW Ideol’s Damping Pool technology. The two companies will pursue early commercialization of cost-competitive floating offshore wind power in Japan through this venture,... Continue Reading →
(Reuters) - Big Oil has enjoyed an easier ride at shareholder meetings so far this year compared with last year's punishing run of hostile investor votes tied to climate concerns, as those issues have been eclipsed by tight oil supplies. Major oil companies have handily defeated several high-profile climate resolutions brought by shareholder activists in... Continue Reading →
(Reuters) - State-owned oil producer Saudi Aramco (2222.SE) on Sunday reported an almost 82% rise in first-quarter net profit, broadly in line with analyst forecasts, helped by strong oil prices. Aramco, which is at par with Apple Inc (AAPL.O) as the world's most valuable company, reported a net income of $39.5 billion for the quarter to March 31 from... Continue Reading →
French oil major TotalEnergies said Monday it had launched a worldwide drone-based emissions detection and quantification campaign across all its upstream oil & gas operated sites, to identify, quantify, and reduce methane emissions linked to its operations. The campaign uses AUSEA technology developed by TotalEnergies, the French National Research Center for Scientific Research (CNRS) and University of... Continue Reading →
Brazil Energy Insight 