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(Reuters) - Shell (SHEL.L) has turned to the head of its gas and renewables business to drive its transition to a greener future, picking Wael Sawan to replace Ben van Beurden as chief executive. Sawan's appointment comes at a pivotal time for the oil giant, which is aiming to reduce emissions to net zero by 2050 and... Continue Reading →
(Reuters) Spanish power company Iberdrola said on Wednesday it had agreed to sell to Swiss investment fund Energy Infrastructure Partners (EIP) a 49% stake in a German offshore wind farm for 700 million euros ($700 million). The sale of the Wikinger wind farm will have no impact on Iberdrola's financial results in 2022, said the company, Europe's... Continue Reading →
(Reuters) - Colombia's state-run oil company Ecopetrol (ECO.CN) has asked the oil regulator to suspend contracts for two fracking pilot projects for 90 days, the company and two sources told Reuters on Tuesday. The two projects - being developed in Santander province by Ecopetrol and U.S. oil major Exxon Mobil Corp (XOM.N) - have faced stiff resistance from environmental... Continue Reading →
Jan De Nul has completed the installation of 80 sets of 6 MW wind turbine generators (WTG) at Saint-Nazaire, France's first commercial offshore wind farm. The company said Tuesday it had completed the project "significantly ahead of schedule." The first turbine was installed back in April using Jan De Nul's Vole au Vent jack-up vessel. On September... Continue Reading →
(Reuters) - French independent power producer HDF Energy (HDF.PA) expects its green hydrogen power plant in Namibia, Africa's first, to start producing electricity by 2024, a senior company executive said on Monday. Once operational, the 3.1 billion Namibian dollar ($181.25 million) Swakopmund project will supply clean electricity power, 24 hours a day all-year round, boosting electricity supply... Continue Reading →
Seaway 7, part of the Subsea7 Group, plans to raise $650 million through the issuance of new equity and debt, primarily to finance its two newbuild vessels, Seaway Alfa Lift and Seaway Ventus. Both vessels are anticipated to be delivered during 2023 and to enter operations in the first half of 2024. In addition to the newbuild vessels,... Continue Reading →
(OE) Once again, the events of the last month have shown that the impetus to continue to grow the U.S. offshore wind segment has lost little steam. The foundations are firmly in place to support the deployment of 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050. Attractive federal incentives are... Continue Reading →
Floating Wind Solutions is proud to welcome SOFEC as a Gold Level Sponsor & Exhibitor!SOFEC, celebrating 50 years of service as industry leader in Moorings and Fluid Transfer systems, maintains a strong focus on health, safety, integrity, people, and performance, design and delivery of mooring solutions for the global offshore energy industry. SOFEC has more than 10... Continue Reading →
(Reuters) - Spanish energy group Repsol (REP.MC) is selling a 25% stake in its oil and gas exploration division to U.S. fund EIG for $4.8 billion, building up a warchest for renewables projects as the energy industry moves to a lower-carbon future. The deal, first reported by Reuters earlier this year, values the whole business at $19... Continue Reading →
Denmark's Maersk Supply Service and renewable energy pioneer Stiesdal Offshore have entered into a strategic partnership to offer combined solutions to this fast-growing sector within floating offshore wind. The companies say they intend to combine their respective strengths to meet the significant expansion predicted for floating wind. Specifically, they will offer comprehensive and integrated engineering,... Continue Reading →
Brazil Energy Insight 