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(Reuters) - Denmark's failure to attract any bids in an offshore wind power tender last week stems from a rigid auction model, a failure to adapt to a changed economic reality for renewable energy projects and rising competition, analysts said on Friday. The outcome was a blow to Denmark, home to turbine maker Vestas and offshore wind... Continue Reading →
(offshoreWIND.biz) With projects in pre-construction, under construction and undergoing permitting, the US offshore wind industry is getting busier by the day. Over the past week, updates on project milestones, contracts and permitting made the news on offshoreWIND.biz. Catch up with these stories in our recap 👇 Sif Produces First Empire Wind 1 Monopile in Netherlands... Continue Reading →
(OE) ABL Group has entered into an agreement to acquire Brazil-based naval architecture and engineering consultancy Proper Marine, increasing its expertise in floating production storage and offloading (FPSO) sector. Proper Marine will be merged with ABL’s design and engineering arm Longitude. The company will expand ABL’s design and engineering capabilities with a team of over... Continue Reading →
Shell is stepping back from new offshore wind investments and is splitting its power division following an extensive review of the business that was once seen as a key driver of the company's energy transition strategy. (Reuters) The changes are part of a company-wide review launched in 2023 aimed at reducing costs as CEO Wael Sawan focuses... Continue Reading →
(Reuters) French oil major TotalEnergies is close to acquiring vertically-integrated renewable developer VSB Group from private equity firm Partners Group for about 2 billion euros ($2.10 billion), Bloomberg News reported on Tuesday. TotalEnergies and Partners Group declined to comment. VSB Group did not immediately reply to a request for comment. Germany-based VSB has a renewables... Continue Reading →
(OE) Equinor has appointed Jens Økland as acting Executive Vice President (EVP) for Renewables, as Pål Eitrheim steps down from the position. Økland will assume his new role from December 6, 2024. He has more than 30 years of experience in Equinor, most recently as Vice President for Strategy and Commercial Solutions in Renewables. From... Continue Reading →
JDR Cable Systems (JDR), the global subsea cable and umbilical supplier and service provider, part of the TFKable Group, has been awarded a significant contract by DEME Offshore to support Dominion Energy's Coastal Virginia Offshore Wind (CVOW) project. JDR's comprehensive scope of work covers 176 wind turbines and three offshore substations. It includes pull—in, termination,... Continue Reading →
(Reuters) - U.S. President Joe Biden's administration has awarded over $100 billion in grants created by its signature climate law, the Inflation Reduction Act, Biden senior advisor for international climate policy John Podesta said. The administration hopes the spending milestone will help to continue the deployment of clean energy even after President-elect Donald Trump, a climate change skeptic who has... Continue Reading →
Inyanga Marine Energy Group has announced that it has set up a new office in Canada to help drive the development of offshore renewable energy in the country. The new company is called Inyanga Maritime Services Nova Scotia Limited, based in Halifax Nova Scotia. Kiley Sampson has been appointed as Vice President of the Canadian... Continue Reading →
(offshore technology) Ecopetrol’s board of directors has approved the 2025 investment budget ranging from 24trn to 28trn pesos, with more than half allocated to crude and gas exploration and production. Approximately 20.3trn pesos, 76% of the 2025 budget, are expected to be allotted for profitable production levels between 740,000 and 745,000 barrels of oil equivalent... Continue Reading →
Brazil Energy Insight 