Brought to you by Quest Offshore & Southern Cone Consultants
The U.S. Department of Energy (DOE) has warned New Fortress Energy if any portion of its Altamira floating liquefied natural gas (LNG) project is located onshore Mexico, the company will have to resubmit its application for an export permit. New Fortress's $1.3 billion Altamira LNG project was expected to start shipping the superchilled gas this... Continue Reading →
(OW) Vindkraft Värmland and Njordr, the Nordic developer, have sold 100 per cent of the shares in the joint company, Njordr Offshore Wind (NOW), to Statkraft. NOW holds a pre-permit portfolio of nine offshore wind projects in the Swedish economic zone with a total potential for up to 21 GW of installed capacity. The portfolio... Continue Reading →
(OET) PGE Polska Grupa Energetyczna and GE have signed an agreement for the development of a project aimed at testing the production of green hydrogen using a GE offshore wind turbine. In the planned project, hydrogen would be produced in an electrolyzer using electricity generated from the latest GE wind turbine model intended for the offshore... Continue Reading →
(Reuters) - Exxon Mobil Corp. (XOM.N) expects to make a final investment decision on its sixth oil project in Guyana by the first quarter of 2024, the company's country chief Alistair Routledge said on Tuesday. In August, Exxon and partners proposed a plan to spend $12.93 billion to develop the Whiptail offshore oil project. The floating production... Continue Reading →
(OW) California’s Governor Gavin Newsom signed two new offshore wind bills into law on 7 October. Coming into effect on 1 January 2024, the Offshore Wind Expediting Act (bill SB 286) is set to shave five years off of the offshore wind permitting timeline, while under the California Offshore Wind Advancement Act (bill AB 3),... Continue Reading →
(OE) Despite the negative headlines around the longer-term prospects for the U.S. offshore wind segment, business intelligence company Intelatus Global Partners sees continued efforts by the federal government and, in particular, the East Coast states to find solutions to the challenges faced by the industry as whole, which can be grouped under three headings: high... Continue Reading →
(Reuters) - French energy company EDF Renewables on Thursday said it will withdraw from a solar energy project in central Colombia due to delays in permits, as well as regulatory and tax changes. The announcement represents the latest setback for Colombia's energy transition, where many renewable projects have stalled despite President Gustavo Petro's goal of... Continue Reading →
(OW) Rhode Island Energy, the largest utility in Rhode Island, will be issuing a new Request for Proposals (RFP) to solicit approximately 1,200 MW of offshore wind, Governor Dan McKee unveiled on 28 September. Rhode Island Energy is expected to issue its RFP this month, with proposals being due in early 2024 and a potential selection being made... Continue Reading →
(Reuters) - The European Union will put forward a package of measures to support Europe's wind power industry as renewable energy companies struggle with challenges including inflation, European Commission President Ursula von der Leyen said on Wednesday. "We will fast-track permitting even more. We will improve the auction systems across the EU. We will focus... Continue Reading →
(Reuters) The value of Danish energy company Orsted, the world's largest offshore wind farm developer and a big player in the U.S., has plunged about 31% since it declared $2.3 billion in U.S. impairments in late August due to supply delays, high interest rates and a lack of new tax credits. The company is just one... Continue Reading →
Brazil Energy Insight 