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(OE) Ocergy has won a the pre-FEED foundation design contract for its OCG-Wind foundation technology to be deployed at the Salamander floating offshore wind project, run by a joint venture between Simply Blue Group, Ørsted, and Subsea7. Ocergy has developed OCG-Wind, descibed as a novel and efficient floating wind turbine foundation, to support very large... Continue Reading →
(OEM) Fugro has reported a revenue of €480.2 million for the third quarter of 2022, an increase of 17.4% compared to €378 million in Q3 2021, said to be supported by high demand for offshore wind solutions. The increase in revenue was fuelled by ongoing high client demand across markets, most notably renewables, and to... Continue Reading →
(Reuters) - Chevron Corp (CVX.N) on Friday reported its second-highest ever quarterly profit, blasting past analysts' estimates, driven by soaring global demand for its oil and gas and rising production from its U.S. oilfields. The surge comes as oil companies book mounting profits with prices near record levels and supplies tight on output cuts during the COVID-19... Continue Reading →
(Reuters) - Spanish utility Iberdrola (IBE.MC) posted a 29% rise in nine-month net profit on Wednesday as growth in the United States and Brazil helped offset a fall in Spain that the company's chairman partly blamed on government overregulation. Energy prices in Europe have soared since Russia invaded Ukraine in February, which has hit markets that were... Continue Reading →
(OE) German renewable energy giant RWE said Wednedsay it had filed bids for all five offshore wind seabed permits in the Polish Baltic Sea, offered by the Polish government. Sven Utermöhlen, CEO Offshore Wind, RWE Renewables: “RWE is clearly committed to contributing to the Polish energy transition by delivering the government’s offshore wind build-out programme.... Continue Reading →
(epbr) Recently privatized, Eletrobras plans hybrid plants with floating solar generation in reservoirs “The fuel of the next decade will most likely be hydrogen. And the hydrogen that will be most valued in the world is the green one”, declared Wilson Ferreira Júnior, president of Eletrobras. During an event on green freight this morning, the... Continue Reading →
DeepOcean has signed a charter agreement with shipowner Simon Møkster Shipping for the Stril Server multi-purpose support vessel (MPSV), set to be deployed in the renewables and oil & gas markets. Under the two-year agreement, Stril Server will provide subsea inspection, maintenance, and repair (IMR), light construction and recycling services to DeepOcean’s customers in the... Continue Reading →
lenergy Co Ltd, a Korean renewable energy development firm, has hired DNV as the owner's engineer for its 1.5 GW fixed-bottom Chujin offshore wind project. The Chujin offshore wind farm will be the largest commercial-scale offshore wind farm in South Korea, when completed in 2027. As the owner’s engineer, DNV will drive the pre-Front End... Continue Reading →
(Reuters) - General Electric Co (GE.N) on Tuesday trimmed its full-year profit forecast after reporting a decline in third-quarter earnings, primarily due to higher warranty and related reserves at its renewable energy business. The company, however, reported much higher-than-expected free cash flow. Its quarterly revenue also topped Wall Street's estimates. GE's shares were down about 1.8% at... Continue Reading →
With the addition of 115 new global offshore wind projects during 3Q, Quest Floating Wind Energy (Q FWE) are actively tracking 696 projects (with statuses Possible, Planned, Pre-development and Under development) representing $1.75 trillion in CapEx, a one-half billion quarter over quarter gain. The Quest Offshore Wind Turbine Index (QOWTI), which tracks the Total Addressable... Continue Reading →
