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The US State of Massachusetts has extended the deadline for submitting bids in its ongoing offshore wind energy solicitation until 27 March. Connecticut and Rhode Island, Massachusetts’s partner states under an agreement signed last year that allows for the procurement of multi-state offshore wind projects, have also extended the bidding deadline in their respective solicitations.... Continue Reading →
(OW) Europe’s offshore wind industry brought online a record 4.2 GW of new capacity in 2023 and is expected to build around 5 GW of offshore wind annually over the next three years, according to WindEurope data. However, this is still not enough to meet the continent’s 2030 climate and energy security targets, WindEurope added.... Continue Reading →
(PN) New numbers point to an increase in well drilling activity in Brazil. The National Petroleum Agency (ANP) revealed new data forecasting investments in exploration in Brazil. According to the regulatory body, oil companies located in the country must spend US$1.96 billion on exploration during the year 2024. Well drilling is the activity that will... Continue Reading →
(Reuters) Massachusetts, Connecticut and Rhode Island extended on Thursday the date bids are due in the states' next offshore wind solicitations from Jan. 31 to March 27. Offshore wind is expected to play a critical role in U.S. President Joe Biden's and several states' plans to decarbonize the power grid and combat climate change. But... Continue Reading →
(Reuters) The U.S. offshore wind industry reached an important milestone on January 2 when Vineyard Wind 1, the country’s first large scale project, supplied first power to the Massachusetts grid. “As the nation’s first utility-scale offshore wind farm this is a fairly momentous event,” Ken Kimmell, Chief Development Officer for Avangrid, the Iberdrola subsidiary co-developing the... Continue Reading →
(TN) Elysian Brasil Exploração e Produção de Petróleo e Gás Natural Ltda., ("Elysian Petroleum"), announces that, on January 17, 2024, it was duly qualified by the National Agency for Petroleum, Natural Gas and Biofuels ("ANP") as Operator "C" (onshore), in accordance with the Tender Notice for the 4th Cycle of the Permanent Offer This means... Continue Reading →
The U.S. Department of Energy's (DOE) Water Power Technologies Office (WPTO) and Wind Energy Technologies Office (WETO) have released a $14.5 million funding opportunity to support foundational research at higher education institutions related to marine renewable energies. The call is aimed at domestic institutions of higher education, including minority-serving institutions, as part of an effort... Continue Reading →
(OE) Norwegian government has offered 24 companies ownership interests in 62 production licenses on the Norwegian shelf in pre-defined areas (APA) 2023, Norway's regulator of the petroleum resources informed. The awards, unveiled on January 16, 2024, mark an increase from previous year, when 47 licenses were awarded, according to Norwegian Offshore Directorate. The authorities reviewed... Continue Reading →
(Reuters) - Spanish energy giant Repsol (REP.MC) faces a class action lawsuit with 30,000 alleged victims in Peru stemming from a major oil spill in 2022, the law firm representing the class said on Monday, as a small protest marked two years since the incident. The class action lawsuit is asking for a $1 billion judgment, local... Continue Reading →
(Reuters) - Developers of renewable energy projects selling unused U.S. tax credits to other companies now account for a market worth between $7 billion and $9 billion, buoyed by legislation in 2022 that made these trades possible, a new study shows. President Joe Biden's climate law aimed to stoke trillions of dollars of investment to wean the economy off... Continue Reading →
Brazil Energy Insight 