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An inter-ministerial working group on offshore wind set up by the Portuguese government as part of the process of organising the country’s first offshore wind tender has narrowed down the initially identified areas to three that would be offered for development later this year. As reported at the beginning of this year, the working group... Continue Reading →
Following the results of the latest German offshore wind auction, which went into the so-called negative bidding stage and ended up earning the State billions from the winning developers, WindEurope warned that this would be passed on to consumers and the supply chain, and called on the German government to avoid this approach in future... Continue Reading →
The UK Secretary of State for Energy Security and Net Zero has granted development consent to Hornsea Project Four, a 2.6 GW offshore wind farm Ørsted plans to build some 69 kilometres off the Yorkshire Coast. The UK government, in a press release issued on 12 July, stated that Hornsea Four was the 126th Nationally... Continue Reading →
(Reuters) Australia's Woodside Energy Group has returned a deepwater block to the Trinidad and Tobago government after an exploration appraisal found it would be uneconomic to develop, a company spokesperson said on Wednesday. Trinidad and Tobago is pushing to speed up exploration and development of offshore areas aiming to secure natural gas supplies to feed its liquefied... Continue Reading →
(OW) Germany’s first dynamic bidding process, covering four offshore wind zones with a combined capacity of 7 GW, has generated EUR 12.6 billion in proceeds, according to the Federal Network Agency. The bidding period for the participation in the tenders for the four areas that were not centrally pre-examined ended on 1 June. The auction... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that, as a follow-up to the release disclosed on May 29, 2023, it has entered into a new natural gas contract with Companhia de Gás de São Paulo ("Comgás"), effective from January 2024 until December 2034, in the estimated amount of R$ 56 billion. The contract is the result... Continue Reading →
(Reuters) Guyana's environmental regulator on Wednesday granted an Exxon Mobil-led consortium approval to drill 35 new offshore exploration and appraisal wells as the group looks to expand its production successes in the South American country. The wells will be drilled within the group's 6.6 million acre (26,800-sq km) Stabroek offshore block, where more than 11... Continue Reading →
(Reuters)The Biden administration on Wednesday approved construction of an offshore windfarm that will generate 1,100 megawatts of power from up to 98 turbines off the coast of Atlantic City, New Jersey, becoming the third such project in the United States. Approval of Orsted's Ocean Wind by the Interior Department is the administration's latest move toward... Continue Reading →
The Crown Estate has made some modifications to the auction process for the Celtic Sea floating wind leases offshore Wales and southwest England, focusing on social value, integration ports and supply chain, as well as addressing new spatial constraints to help de-risk projects ahead of opening the leasing round to bidders later this year. In... Continue Reading →
(OW) Brazil’s Ministry of Mining and Energy and Energy Research Office (EPE) have published a new version of the country’s offshore wind roadmap following recent updates of the regulatory framework for energy generation. According to a recent report by Reuters, the country’s government also plans to establish a regulative framework for offshore wind and green hydrogen... Continue Reading →
Brazil Energy Insight 