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(Reuters) Shares in Siemens Energy fell on Monday after the company quantified deeper than expected problems at its struggling wind turbine division that were first unveiled in June, saying the issues triggered a 2.2 billion euro ($2.42 billion) charge. The group's shares slid 7.4% to the bottom of Germany's blue-chip index, as the group disclosed... Continue Reading →
(OW) Atlantic Shores Offshore Wind, a 50:50 joint venture between Shell New Energies US and EDF-RE Offshore Development, has submitted a proposal to the New Jersey Board of Public Utilities (NJBPU) in the state’s third offshore wind solicitation. New Jersey opened the solicitation in March and is looking to award between 1.2 GW and 4... Continue Reading →
(OE) Vast arrays of solar panels floating on calm seas near the Equator could provide effectively unlimited solar energy to densely populated countries in Southeast Asia and West Africa. Our new research shows offshore solar in Indonesia alone could generate about 35,000 terawatt-hours (TWh) of solar energy a year, which is similar to current global... Continue Reading →
(OED) The campaign to install the first of 277 turbines at the world’s largest offshore wind farm - the Dogger Bank Wind Farm in the UK - is underway, SSE Renewables said Thursday. The 260-meter-tall offshore wind turbines – each almost twice the height of the London Eye – will be installed around 80 miles... Continue Reading →
(OE) Offshore engineering services company DORIS has been appointed Principal Designer on the Broadshore and Bellrock floating offshore wind farm projects in Scotland by the BlueFloat Energy | Renantis Partnership. The Broadshore and Bellrock projects are located 50 km north of Fraserburgh and 130 km east of Aberdeen, respectively. The floating wind farm projects are... Continue Reading →
Forum Energy Technologies (FET) has appointed UnderOcean Servicos Maritimos (UnderOcean) to represent its Subsea operations in Brazil. The partnership will see UnderOcean provide business development and engineering support on behalf of FET’s Subsea Technologies product line in Brazil. Headquartered in Macaé, Rio de Janeiro, UnderOcean will deliver service, repair, calibration, upgrades, and modifications for FET’s... Continue Reading →
(OW) Japanese utility Kansai Electric Power Corporation (KEPCO) and Ingka Investments, the investment arm of Ingka Group, have joined the UtsiraVIND consortium, which will be bidding in the upcoming tender in Norway for the Utsira Nord area. The UtsiraVIND consortium originated as a partnership between Odfjell Oceanwind, a Norwegian provider of floating offshore wind technologies, and Source Galileo, a... Continue Reading →
Huisman has been awarded a contract by Seaway8, part of Subsea7 Group, for the delivery of the entire monopile installation spread for the jack-up vessel Seaway Ventus, which is currently being built by China Merchants Heavy Industry (CMHI). Under the contract, Huisman will deliver a monopile gripper, an upending frame, and two sets of monopile storage... Continue Reading →
(Reuters) BP and its partner Equinor are renegotiating the terms of power supply agreements linked to their giant wind developments off the U.S. East Coast, BP CEO Bernard Looney said on Tuesday. "We are in the midst of renegotiating our PPA (power purchase agreement) contracts in the East Coast with our partner Equinor," Looney told... Continue Reading →
(Reuters) - BP's (BP.L) second-quarter profit slumped 70% from a year earlier to $2.6 billion, missing forecasts, as refining margins and oil trading income fell, but still allowing the energy giant to boost its dividend by 10%. Rivals Chevron (CVX.N), Exxon Mobil (XOM.N), Shell (SHEL.L) and TotalEnergies (TTEF.PA) have also reported sharp drops in quarterly earnings, hurt by a drop in energy prices from highs... Continue Reading →
Brazil Energy Insight 