CIP signs 2GW of Philippines offshore contracts

(RN) CIP, through its New Markets Fund, and the Philippines Government have signed a series of Offshore Wind Service Contracts with aggregate capacity estimated at 2GW.  The fund signed the 25-year contracts with the Department of Energy, making CIP the first company to venture on a 100% foreign-owned basis into offshore wind development in the... Continue Reading →

Petrobras on the divestment processes in progress

Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed to the market on 03/17/2023, informs that it received Official Letter 257/2023/GM-MME from the Ministry of Mines and Energy (MME), on today's date, in the following terms: 1. Petrobras disclosed a material fact on March 17, 2023, informing that its Executive Board forwarded, for... Continue Reading →

Approval Granted for Floating Wind Platform that Includes Fish Farm

China Longyuan Electric Power Group Corporation has received Approval in Principle from China Classification Society (CCS) for its floating wind foundation design that incorporates a fish farm. The concept aims to achieve multi-space, multi-level sharing of ocean space, particularly as offshore wind power development gradually moves towards deeper waters. An installation is planned in the... Continue Reading →

2022 pushes CCUS to new heights: Long read

While the global energy crisis marked 2022, efforts to propel the energy transition forward in a bid to usher in a sustainable energy future continued gaining momentum. As a result, last year was also a bumper year for carbon capture, utilization, and storage (CCUS), according to the International Energy Agency (IEA), as more than 140 new... Continue Reading →

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