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Sept. 22 (Reuters) Dutch geological data specialist Fugro scrapped its annual outlook on Monday and announced further job cuts, citing an impact from project delays, sending its shares lower. Shares in Fugro were down around 11% to their lowest since March 2022 at 0705 GMT. The company said that projects in the offshore wind and... Continue Reading →
Sept. 21 (OE) Sean Fraser, Canada’s Minister responsible for the Atlantic Canada Opportunities Agency, has announced that strategic direction has been given to the Canada–Nova Scotia Offshore Energy Regulator as a next step toward realizing Canada’s first-ever offshore wind project. Fraser made the announcement on behalf of Tim Hodgson, Canada’s Minister of Energy and Natural... Continue Reading →
This year marked the return to boosting oil and gas production, and with it—increased exploration efforts in key basins and promising new frontiers. Guyana, Suriname, Namibia, and Brazil have seen major oil discoveries in recent years. Big oil scaled back on renewable energy investment and has returned to oil and gas exploration. Sept. 19 (oilprice.com)... Continue Reading →
Sept. 17 (offshoreWIND.biz) Japan’s Floating Offshore Wind Power Technology Research Association (FLOWRA) and the European Marine Energy Centre (EMEC) signed a memorandum of understanding (MoU) to explore technology development cooperation in the field of floating offshore wind. Under the agreement, FLOWRA and EMEC will explore the possibilities of establishing and managing an offshore test and... Continue Reading →
Sept. 15 (OE) Norway’s Ministry of Energy has received two applications to develop floating wind projects in the Utsira Nord area, marking the next step in the country’s effort to expand renewable energy capacity. The first application is from the consortium between Equinor Utsira Nord and Vårgrønn Utsira Nord, while the second is from Harald... Continue Reading →
Sept. 15 (OE) Intermoor, Acteon’s Moorings and Anchors business line, and Jumbo Offshore, an offshore transportation and installation specialist, have entered into strategic alliance aimed at jointly delivering fully integrated project management, engineering, transport and installation services to the offshore oil and gas as well as floating wind sectors. This partnership brings together Intermoor’s expertise... Continue Reading →
Sept. 12 (offshoreWIND.biz) The Irish government has published the National Designated Maritime Area Plan (DMAP) for Offshore Renewable Energy (ORE) proposal and accompanying Public Participation Statement (PPS), outlining plans to develop and manage offshore renewable resources along Ireland’s coast. According to the government, the proposed National DMAP and PPS accelerate the country’s offshore renewable energy... Continue Reading →
Sept. 12 (offshoreWIND.biz) US Interior Secretary Doug Burgum said at a press conference on 10 September that offshore wind has no future in the US under the Trump administration and that the government was reviewing five offshore wind projects that are now under construction. Speaking to the press at the Gastech event in Milan, Italy, Burgum said... Continue Reading →
Sept 11 (Reuters) - Britain’s largest electricity supplier Octopus Energy has signed a deal with Chinese wind turbine manufacturer Ming Yang Smart Energy, which could see the first Chinese made turbines installed in Britain. Britain is seeking to scale up renewable power to help meet its climate targets but is also grappling with rising project... Continue Reading →
Sept 10 (Reuters) - Brazil's state-controlled electric utility Cemig plans to use its experience in hydropower to invest in clean energy technologies that could boost the country's electricity grid, CEO Reynaldo Passanezi Filho told Reuters. Cemig is executing a nearly 40 billion reais ($7.4 billion) investment plan from 2025 through 2029, prioritizing power distribution while... Continue Reading →
Brazil Energy Insight 