Petróleo Brasileiro S.A. – Petrobras informs that it has signed a memorandum of understanding with the Government of the State of Rio Grande do Norte (RN), which provides for studies on the feasibility of implementing an offshore wind pilot project in the state. The value of the investment and the generation capacity will be assessed... Continue Reading →
Petrobras has signed contracts for the assignment of mothballed fields in the Campos Basin
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 17/04/2024, informs that it has signed today contracts for the assignment of its entire stake in the Cherne and Bagre fields, located in shallow waters in the Campos Basin, to Perenco Petróleo e Gás do Brasil Ltda (Perenco). Production from the two fields... Continue Reading →
Equinor upbeat about investor interest in US offshore wind farm
(Reuters) - Norway's Equinor (EQNR.OL), opens new tab is confident of finding an investor for its planned Empire Wind 1 offshore wind farm in New York after a new power off-take agreement improved the project's economics, the company said on Thursday. New York State authorities in February awarded the project a new conditional power purchase contract, replacing a previous... Continue Reading →
US Finalizes Rule to Streamline Offshore Renewable Energy Development
(offshoreWIND.biz) The US Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE) have finalized updated regulations for renewable energy development on the US Outer Continental Shelf (OCS). The final rule is said to increase certainty and reduce the costs related to the deployment of offshore wind projects by modernising... Continue Reading →
US Plans 12 Offshore Wind Auctions Over Five Years
(Reuters) President Joe Biden's administration unveiled plans on Wednesday to hold up to a dozen auctions of offshore wind development rights through 2028, including four before the end of this year. The schedule will help companies, states and others plan for projects that require massive amounts of investment and infrastructure, the Interior Department said in... Continue Reading →
Navigation and Wind Farms: Competing Ocean Uses Raise Existential Questions – Long read
Tom Ewing, Contributor “Wind Turbines: The Bigger, the Better” -USDOE Office of Energy Efficiency & Renewable Energy, August 24, 2023 (OE) Last December the Bureau of Ocean Energy Management (BOEM) published a proposed sale notice regarding new development areas for utility scale wind projects in the central Atlantic Ocean. The notice includes an upfront issue: the... Continue Reading →
Uruguay – from totally open to totally licensed in just a few years
History is repeating itself in Uruguay. And Chevron plays an important role (Geo Expro) When the Kudu gas field was discovered offshore Namibia in the early 1970s, Chevron jumped to the other side of the Atlantic to take acreage in Uruguay in a similar setting. It led to the drilling of Uruguay’s first couple of... Continue Reading →
New York Cancels Three Offshore Wind Projects
(offshoreWIND.biz) The New York State Energy Research and Development Authority (NYSERDA) has cancelled three offshore wind projects with a combined capacity of over 4 GW due to ”technical and commercial complexities between provisional awardees and their partners,”. In October 2023, NYSERDA provisionally awarded three offshore wind projects, subject to successful conclusion of contract negotiations. These provisionally... Continue Reading →
Europe’s First Commercial-Scale Floating Offshore Wind Farm Secures All Planning Approvals
(offshoreWIND.biz) Flotation Energy and Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have obtained the offshore planning approval for the Green Volt floating wind farm offshore Scotland. With onshore consent announced earlier this month, Green Volt has now received all its planning approvals and remains on track to be the first commercial-scale floating offshore... Continue Reading →
Denmark Launches Massive Offshore Wind Auction
(offshoreWIND.biz) Denmark has opened a new offshore wind tender, the country’s largest ever, offering a minimum of 6 GW of new capacity spread over six wind farms, with the overplanting option allowing for 10 GW or more of new capacity to be added. The Danish Energy Agency published the tender for the wind farms located in... Continue Reading →