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(Reuters) The Brazilian administrative authority has suspended Italy's Saipem and its subsidiary Saipem do Brasil from contracting with the country's public administration for two years, the engineering and construction group said on Friday. The decision stems from the final ruling in the administrative proceedings initiated against the companies in relation to alleged irregularities in the... Continue Reading →
(OW) Rhode Island Senator Sheldon Whitehouse has released a draft version of a bill that would streamline the offshore wind development process and get new sources of affordable clean energy on the grid. Senator Whitehouse requests feedback on his bill from all stakeholders, including federal, state, and local agencies, industries, developers, and communities. The Senator... Continue Reading →
(OE) The European Union has built 17 GW of new wind energy in 2023, with 3 GW of new capacity coming from offshore wind farms. The WindEurope data shows that Germany built the most new wind capacity followed by the Netherlands and Sweden. The Netherlands built the most new offshore wind, including the 1.5 GW Hollandse... Continue Reading →
(OE) ExxonMobil Guyana has unveiled that the Prosperity floating production storage and offloading (FPSO) unit, used in the Payara project, achieved background flare in 39 days, ahead of the 60-day target. Achieved ahead of schedule outlined in the project’s environmental permit, the accomplishment marks a significant milestone in the company’s commitment to efficient and environmentally... Continue Reading →
(Reuters) The winners of an auction for oil exploration blocks off Guyana's coast were given until the end of the month to submit additional information requested by the government before awarding the contracts, the country's vice president said on Thursday. Following delays, the Guyanese government in September received bids for eight of 14 offshore blocks... Continue Reading →
Philip Lewis, Contributor (OE) As we enter a New Year, the memories of the shocks to the foundations to the U.S. offshore wind segment remain fresh. In short, supply chain inflation and capacity/availability, interest rate increases, and tax credit monetization have been the key themes highlighted by developers to explain why many projects became commercially unviable.... Continue Reading →
(OW) RWE has released the official name of its floating wind project in California and revealed that the company will open an office in the city of Eureka in early 2024. The project, named Canopy Offshore Wind Farm (Canopy), is being developed at a site located 45 kilometres (28 miles) off the coast of Humboldt... Continue Reading →
(OW) The US Bureau of Ocean Energy Management (BOEM) has launched a public consultation on the potential development of six wind lease areas offshore New York and New Jersey, in an area known as the New York Bight. In February 2022, BOEM held an auction that brought in over USD 4.3 billion for the rights... Continue Reading →
(Reuters) - Exxon Mobil's write-down of about $2.5 billion of troubled California properties aims to end five decades of offshore oil production in the state, but a full exit from those assets could take some time. Sable Offshore, a company created in 2020, agreed more than a year ago to pay $643 million for Exxon's... Continue Reading →
The Brazilian Environmental Institute (Ibama) gave the green light for the installation of the new platform ship (FPSO) in the Mero field, in the Santos Basin. The environmental agency issued the license for the FPSO Alexandre de Gusmão, which is being built by SBM Offshore and is expected to come into operation in 2025. The... Continue Reading →
Brazil Energy Insight 