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(Reuters) The U.S. has no large-scale commercial wind farms in operation today, but President Joe Biden's administration aims to have 30 gigawatt (GW) installed by 2030 to help decarbonize the power sector and revitalize domestic manufacturing. The federal government has already approved several large-scale projects so far, with the first two - Vineyard Wind 1 and South Fork -... Continue Reading →
(PN) Ramboll, a multinational consultancy specializing in engineering and multidisciplinary projects, is one of the world leaders in offshore wind energy and is in charge of several projects being studied in Brazil. The company is involved in more than 55% of all operating offshore wind projects around the world. Operating in all the main offshore... Continue Reading →
(Reuters) Colombia's government is considering revising rules to make majority state-run energy company Ecopetrol an obligatory partner in every offshore wind project, three people familiar with the matter told Reuters. The Ministry of Mines and Energy will consult businesses interested in taking part in Colombia's first-ever offshore wind auction about the proposal, one of the sources said in recent days, adding... Continue Reading →
Petrobras signed a contract with Porto do Açu to support the decommissioning of oil and gas production platforms. The agreement provides for the provision of dock space for the temporary docking of production units undergoing decommissioning, until the final destination of the unit is defined, in accordance with the best international practices in green recycling... Continue Reading →
Eversource Energy has completed its sale of an uncommitted lease area off the south coast of Massachusetts to its joint venture (JV) partner Ørsted for USD 625 million. The all-cash transaction, which was announced in May, closed today following approval from the Committee on Foreign Investment in the United States. The deal with Eversource provides... Continue Reading →
(Reuters) Britain's latest subsidy auction for new renewable energy projects awarded no contracts for offshore wind projects, the results published on Friday showed, drawing criticism from opposition politicians and environmental campaigners. In a 2022 auction, offshore wind projects were the main recipient of funding, with 7 gigawatts (GW) awarded. Offshore wind power is a key... Continue Reading →
(PN) The National Petroleum Agency (ANP) decided to interdict the FPSO Cidade de Santos, located in the Uruguá and Tambaú field, in the Santos Basin. The decision comes after agency inspectors found “critical deviations” in the vessel's facilities. The unit went into operation in July 2010 and is about to enter its decommissioning phase. In... 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 →
(Reuters) - Brazilian state-run oil firm Petrobras (PETR4.SA) remains eager to repurchase a refinery from Abu Dhabi state investor Mubadala despite antitrust barriers, and a new biofuels partnership could open the door to future talks, two sources told Reuters. Petrobras on Monday announced a memorandum of understanding with Mubadala for potential investment in a biofuel refinery under development in... Continue Reading →
Philip Lewis, Contributor (OE) Much has been written recently about the challenges facing U.S. offshore wind projects, resulting in requests to terminate or renegotiate contracts to sell power to states. Examples of these challenges can be found from Massachusetts to Virginia. Coming on top of last week’s somewhat disappointing events of the Gulf of Mexico lease... Continue Reading →
Brazil Energy Insight 