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(Reuters) Portugal's Galp Energia reported a 29% drop in adjusted first-quarter core profit on Monday, hit by falling oil output and a decline in refining margins to less than half the levels booked a year ago. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) fell to 669 million euros, slightly above the average of... Continue Reading →
(offshoreWIND.biz) The Portuguese government has outlined the framework for the country’s first auction of commercial-scale offshore wind farms, which is expected to take place later this year. Published on 21 April in the Diário da República, the order sets out a centralised sequential model for allocating offshore wind development areas, in alignment with the National Energy... Continue Reading →
(OE) Gazelle Wind Power, a Dublin-based floating wind developer, has secured a 10-year TUPEM (Titulo de Utilizacao Privativa do Espaco Marítimo) authorization, clearing the way for the deployment of its 2 MW Nau Azul floating wind demonstrator project off Portugal. Issued by Portugal’s Directorate-General for Natural Resources, Safety and Maritime Services (DGRM), the TUPEM authorization... Continue Reading →
(Reuters) - Portugal's EDP Renovaveis will offer 90 new wind turbines at auction after pulling out of major Colombia wind energy projects, the website of industrial equipment auctioneer Escrapalia showed on Tuesday. The Vestas V162-5.6 MW turbines will be sold in an online auction, Escrapalia said. EDPR, the world's fourth-largest wind power producer, posted an unexpected net... Continue Reading →
(offshore-energy.biz) A geophysical and geotechnical survey conducted offshore Viana do Castelo by Portugal’s WavEC Offshore Renewables has provided data on the seabed’s characteristics, supporting the development of floating offshore renewable energy projects. The study, carried out within the Technological Free Zone (ZLT), is part of the EU-SCORES initiative and was commissioned by WavEC to Instituto Hidrográfico –... Continue Reading →
(Reuters) - Portugal's government said on Friday it was keen to create a cluster of wind farms off its Atlantic Ocean coast that could eventually reach a total capacity of around 10 gigawatts (GW). Lisbon last week approved four areas in the ocean where offshore wind farms can be installed, moving a step closer to... Continue Reading →
(Reuters) Portugal's government has approved four areas in the Atlantic Ocean where offshore wind farms can be installed, moving a step closer to launching the first licensing auction of offshore capacity, which it plans this year. Two of the areas are off the coast of Viana do Castelo in northern Portugal, one near the port... Continue Reading →
(OE) Portuguese oil company Galp has informed its Chief Executive Officer (CEO) Filipe Silva resigned from the position, following alleged relationship probe. The CEO, who also held the position of Vice-President of the Board of Directors at Gulp, cited ‘family reasons’ as the grounds for his resignation. The news follows reports of an anonymous complaint... Continue Reading →
(OE) Portugal is beckoning a new era for offshore wind after officially signing ‘rules of procedure’ for a new Technological Free Zone located off the coast of Viana do Castelo. The news was announced during an international conference in Lisbon promoting offshore wind supply chain development between Portugal and Norway. Addressing the delegation, Portugal’s Secretary... Continue Reading →
(OE) Galp and its partners have spudded another well in the Orange Basin, off Namibia, following the discovery of light oil and gas condensate in an appraisal well announced earlier in December. After the discovery at the Mopane-1A well, Galp and its PEL83 offshore block partners, NAMCOR and Custos, have decided to retain Saipem’s Santorini... Continue Reading →
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