Brought to you by Quest Offshore & Southern Cone Consultants
U.S. maritime and logistics company Crowley said it has made a deal that could see it lease and develop an offshore wind terminal in Louisiana's Port Fourchon. The Right of First Refusal agreement was reached during Wednesday’s Greater Lafourche Port Commission (GLPC) Board Meeting in Cut Off, La. The more than 40-acre site, encompassing over... Continue Reading →
(OED) Flotation Energy and Vårgrønn have submitted a marine license application for the Green Volt floating offshore wind farm in the UK. According to the companies, the consent application could allow the project to start generating power in the mid-2020s. The two firms are applying for a lease for Green Volt under the Crown Estate... Continue Reading →
In 2022, we delivered an excellent operational performance, meeting all production targets for the year, with the following marks recorded: In 2022, we achieved an annual record in operated production, with an average of 3.64 MMboed. This result was mainly due to the start-up of FPSO Guanabara (Mero field) and P-71 (Itapu field), as well... Continue Reading →
(Reuters) - EverWind Fuels, a company founded by private equity veteran Trent Vichie, told Reuters it became the first green hydrogen producer in North America to secure the necessary permits for a commercial-scale facility on Tuesday. Provincial authorities in Canada granted environmental approval for EverWind to begin converting a former oil storage facility and marine... Continue Reading →
(Reuters) The Danish Energy Agency has suspended reviewing existing and new applications to install new wind farms and other renewable energy projects in the country over a potential conflict with European Union law, it said in a statement late on Monday. "The Danish Energy Agency has suspended the processing of offshore wind projects and other... Continue Reading →
(Reuters) - Swedish utility Vattenfall on Wednesday reported an increase in underlying operating profit in the fourth quarter of 2022 as increased wind power capacity and inflow of new customers boosted earnings. Underlying operating profit rose to 13.5 billion Swedish crowns ($1.28 billion) from 9.1 billion a year earlier, the state-owned company said. "Wind power... Continue Reading →
NOV's Marine and Construction business unit has come up with a "new and flexible" Modular Service and Operations Vessel (MSOV) concept to "optimize offshore wind farm operations and maintenance." NOV says the vessel's features resemble those of a sea otter. "The Enhydra series design characteristics resemble the sea otter's (Enhydra) unique and physical behavioral features.... Continue Reading →
(Reuters) - BP (BP.L) on Tuesday reported a record profit of $28 billion for 2022 while boosting its dividend in a sign of confidence as it sharply raised overall spending plans but scaled back ambitions to reduce oil and gas output by 2030. The blockbuster profit follows similar reports from rivals Shell (SHEL.L), Exxon Mobil (XOM.N) and Chevron (CVX.N) last week after... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) said on Tuesday its net loss more than doubled in the first quarter, blaming charges related to quality issues at Siemens Gamesa (SGREN.MC) which the German firm is trying to fix via a full takeover of the wind division. Siemens Energy, which pre-released first-quarter results last month, said its net loss widened to 598 million... Continue Reading →
(OED) BW Ideol, a company building concrete foundation for floating wind industry, said Monday that its 5-year-old Floatgen demonstrator continued strong operations, showing a capacity factor of nearly 60% over the last three months and a production of 25GWh since its 2018 commissioning. Floatgen is a 2 MW demonstrator equipped with the world’s first concrete... Continue Reading →
