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Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced today that it made a proposal to the Board of Directors of DOF Group ASA (“DOF”) on Thursday 15 June 2023 to acquire the entire issued share capital of DOF. Subsea7 has offered holders of DOF equity NOK 35 per share, comprised of NOK 7 in... Continue Reading →
SSE Renewables is calling on European governments and regulators and internationally to make greater use of non-price criteria (NPC) in offshore wind energy auctions, whether for seabed or for contracts for difference (CfD). The renewable energy company said that the use of non-price criteria in auctions for new offshore wind can help support a sustainable... Continue Reading →
(OE) Danish renewable energy firm Copenhagen Energy has received support from the Western Australia Government as it progresses plans for its Leeuwin Offshore Wind Farm project.The project has been awarded Lead Agency status by the Department of Jobs, Tourism, Science and Innovation. The Lead Agency Framework is reserved for significant projects with the capacity to... Continue Reading →
The UK’s pipeline of offshore wind projects has reached 97,944 MW, up from 91,287MW a year ago, while the global pipeline topped 1.23TW, an increase of nearly 400GW in the last year. This is according to RenewableUK’s latest EnergyPulse market intelligence data report. The pipeline includes projects at every stage of development: operational, under construction,... Continue Reading →
(PH) Angelica Ruiz took charge of bp in Brazil just three months ago, but she already has a lot of work ahead of her. The executive, who accumulates the position of VP of Latin America, has the challenge of leading the operation of a company that, present in the country since 1957, operates in the... Continue Reading →
(OP) For nearly two decades, South America’s largest economy Brazil has been reaping a tremendous economic windfall from a massive oil boom that kicked off with the first offshore ultra deep-water pre-salt discovery in 2006. The boom nearly collapsed as corruption, mismanagement and malfeasance saw national oil company Petrobras laden with so much debt it was almost... Continue Reading →
(Reuters) - U.S.-based oil major Chevron (CVX.N) will invest more than $500 million to develop the Trapial block in western Neuquen province, home to the massive Vaca Muerta shale basin, Argentina's economy ministry announced on Friday. The announcement followed a meeting between Economy Minister Sergio Massa and company officials, according to a ministry statement. The new spending... Continue Reading →
(OE) The installation of the first monopiles and transition pieces has kicked off for the first commercial-scale offshore wind farm in the United States - the Vineyard Wind 1. “We can finally say it – as of today, there is ‘steel in the water,’” said Klaus S. Moeller, CEO of Vineyard Wind, the company developing the Vineyard Wind... Continue Reading →
(Reuters) - Renewable energy group Orsted (ORSTED.CO) will invest 475 billion Danish crowns ($68 billion) to achieve a 2030 goal to install 50 gigawatts (GW) of power capacity, it said in an investor update on Thursday. The Danish company said the plans were fully self-funded and it expected to exceed goals set in 2021 for earnings before... Continue Reading →
Denmark has approved a new Marine Plan which will abolish the open door offshore wind auction scheme and terminate 24 out of the 33 offshore wind projects proposed under the scheme. Under the new Marine Plan, Denmark plans to increase the sea area reserved for the development of renewable energy projects and energy islands from... Continue Reading →
Brazil Energy Insight 