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(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 →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in addition to the Material Fact of May 19, 2023, informs its investors and the market in general that, on June 7, 2023, the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) approved the transfer of the entire stake (100%) of Petróleo Brasileiro S.A.... Continue Reading →
(OE) Norwegian company TGS which provides oil and gas firms with seismic data for offshore exploration, on Wednesday announced the Amazonia Azul 2D-cubed project, "the first of its kind offshore Brazil." The project, according to TGS, expanded its multi-client data coverage in the area and aimed to improve knowledge of the Brazil Equatorial Margin region.... Continue Reading →
Mexico’s hydrocarbon regulator, the Comisión Nacional de Hidrocarburos (CNH), has greenlighted a unit development plan (UDP), which Pemex submitted on behalf of its partners – Wintershall Dea, Talos Energy, and Harbour Energy – for a giant oil field located in the Sureste Basin offshore Mexico. The Zama unit development plan (UDP) was submitted in March 2023 to Mexico’s... Continue Reading →
On 2 June, BlueFloat Energy announced that the company had secured contracts for four (floating) offshore wind project sites in the Philippines and thus entry into the country’s offshore wind market. These are Wind Energy Service Contracts (WESCs), or Offshore Wind (OSW) Service Contracts (SCs), that are being awarded by the Philippines’ Department of Energy, which reported in April... Continue Reading →
(OW) SouthCoast Wind, the developer of an offshore wind lease area off the coast of Massachusetts, has started discussions with this US state’s representatives and utilities to terminate its existing Power Purchase Agreements (PPAs) citing ”material and unforeseen supply chain and financing cost increases affecting the whole offshore wind industry.” The SouthCoast Wind, a 2.4 GW... Continue Reading →
(OET) The energy woes that befall the world in 2022 brought about the double whammy of rapidly working on diversifying the energy mix with more renewables while ramping up the crude oil and natural gas production to appease the increasingly intertwined concepts of energy security and transition to a green and low-carbon future. In this... Continue Reading →
(OET) Challenger Energy Group (CEG), the Isle of Man-headquartered oil and gas company focused on the Caribbean and Americas, has bid for and expects to be awarded a shallow water exploration block located off Uruguay. This is the sole remaining available block offshore Uruguay, as all other offshore exploration licences are held by energy majors: Shell and Apache... Continue Reading →
Brazil Energy Insight 