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(oilprice.com) Latin America has long been a dominant force in the global energy market, built on vast oil and gas reserves. While the world increasingly eyes renewable sources of energy for the future, hydrocarbons remain the bedrock of economic stability for the region. As energy demand evolves, national oil companies (NOCs) must not forsake oil,... Continue Reading →
(offshoreWIND.biz) Freja Offshore, a joint venture between Hexicon and Mainstream Renewable Power, has been granted a Natura 2000 permit for the Mareld floating offshore wind farm in Sweden by the County Administrative Board of Västra Götaland. The project is planned to be built approximately 40 kilometres west of Lysekil, off the coast of Bohuslän, in... Continue Reading →
(offshoreWIND.biz) ABS has approved the Front-End Engineering Design (FEED) documents for a deepwater floating offshore wind platform design developed by ECO TLP and Mocean Offshore. According to ABS, with FEED documents approved, the platform design now moves into commercialisation for site-specific projects. “ABS approval for non-site-specific FEED for a wide range of water depths and... Continue Reading →
(Reuters) - Colombia's majority state-owned oil producer Ecopetrol is planning to raise up to $2 billion in additional debt this year to fund investments, and would consider seeking funds from banks and capital markets, a top official said on Wednesday. The debt would be used to fund inorganic investments, such as the acquisition of new assets... Continue Reading →
Saipem and Divento, a partnership between Copenhagen Infrastructure Partners (CIP, through the “flagship” fund Copenhagen Infrastructure V), GreenIT, a joint venture between Plenitude (a Company controlled by Eni) and CDP Equity (CDP Group), 7 Seas Wind Power and NiceTechnology, have signed a collaboration agreement involving the application of STAR 1, Saipem's proprietary technology for floating wind, in favour... Continue Reading →
(gfmag.com) With US investment in Latin America shrinking, China and India are seizing the opportunity to expand their economic reach in the region. The US remains the largest foreign investor, but its stake dropped nearly 10% in 2023 alone, to 38% of the $224.6 billion total, according to the UN Economic Commission for Latin America... Continue Reading →
(offshoreWIND.biz) According to research from Norway-headquartered Rystad Energy, the global offshore wind industry is set for a rebound in 2025, with capacity additions expected to reach 19 GW and sector-wide expenditure projected to hit USD 80 billion (approximately EUR 76 billion). A record wave of lease auctions is driving the resurgence, said Rystad Energy, with... Continue Reading →
Feritech Global, an advanced engineering company based in Falmouth UK, has appointed a new Managing Director to lead the company in its next stage ofdevelopment. The new Managing Director has been named as Mark Smith, who takes over the role having worked at Feritech since 2021, initially as Purchasing Manager and subsequently as General Manager.... Continue Reading →
Yunneng Wind Power joint venture partners have inaugurated the Yunlin offshore wind farm in Taiwan, which is now fully operational and generating renewable electricity at its planned capacity of 640 MW. Yunneng Wind Power joint venture consists of TotalEnergies with 29.46% stake, Skyborn Renewables with 31.98%, EGCO Group with 26.56%, and Sojitz with 12%. The... Continue Reading →
(evwind.es) Colombia announced that it managed to obtain 69 areas for the first round of wind energy in the Colombian sea, an initiative led by the Ministry of Mines and Energy, the General Maritime Directorate (DIMAR) and the National Hydrocarbons Agency (ANH). According to the Ministry of Mines and Energy, the deadline established for the... Continue Reading →
Brazil Energy Insight 