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(Reuters) - The Biden administration on Wednesday said it had identified 700,000 acres for possible offshore wind energy development in the Gulf of Mexico, seeking to expand a growing clean energy industry to a major U.S. oil and gas hub. It also said President Joe Biden would direct his Interior Department to move ahead with... Continue Reading →
(Reuters) - Shell (SHEL.L) is exploring a sale of its stakes in two U.S. Gulf of Mexico oil and gas developments which could raise as much as $1.5 billion for the energy major, people familiar with the matter said on Wednesday. Potential divestments of some aging assets would allow the company to focus on newer and larger... Continue Reading →
(OE) Spanish offshore engineering firm Saitec Offshore Technologies and renewables giant RWE on Wednesday marked the completion and the launching operation of their DemoSATH floating wind unit. SATH Technology is based on a concrete platform concept with a plug-and-play Single Point Mooring, the same technology used for FPSOs. The DemoSATH project uses a 2MW turbine... Continue Reading →
Green energy infrastructure developer Cerulean Winds has revealed it will bid for four seabed lease sites with a combined capacity of 6 GW of floating wind to decarbonise the UK’s oil and gas sector under Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round. This scale will remove more emissions quickly, keep... Continue Reading →
(Reuters) - The governments of Sao Paulo and Minas Gerais, the two most-populous Brazilian states, on Monday cut local taxes on ethanol, a move followed by Parana state, in a bid to make the biofuel more competitive at the pump after a similar gasoline tax cut. Sao Paulo cut the ICMS tax, similar to a... Continue Reading →
Prysmian has received the first layer of approval of the construction permits for the development of its new subsea cable plant in Brayton Point, Massachusetts, which will service the U.S. offshore wind sector. Construction is planned to start in the summer of 2023 and to take two years. With a $200 million investment, Prysmian will... Continue Reading →
(Upstream) Brazil’s vast potential for offshore wind generation and the challenges associated with implementing this new industry in a country that is still investing a lot of money in oil and natural gas projects were among the hot topics discussed in Upstream’s latest digital conference. With more than 130 gigawatts of future projects under environmental... Continue Reading →
The European Commission has chosen Technip Energies, X1 Wind, and a consortium of ten international entities, to deliver the NextFloat project, a program aimed at accelerating industrial-scale floating wind. NextFloat project's main objectives are to demonstrate a competitive, sustainable, and integrated floating offshore wind solution optimized for deep waters and to accelerate the industrial-scale deployment... Continue Reading →
(Reuters) - New legislation approved by the Brazilian Congress late on Wednesday reinstates a tax advantage to biofuels compared with fossil fuels, which should benefit companies producing ethanol in the long-term, analysts said on Thursday. Brazil's lower house approved the government-sponsored bill that among other things includes a provision saying biofuels should enjoy lower taxes... Continue Reading →
Equinor's Hywind Tampen floating wind farm in Norway will become operational this year, becoming the world's largest floating wind farm, however, it will not be as big as planned, at least not in 2022, due to steel quality issues found in four of 11 turbines. Namely, as previously reported, Equinor is developing the 11 turbine... Continue Reading →
