Brought to you by Quest Offshore & Southern Cone Consultants
Oct. 21 (offshoreWIND.biz) Japanese construction company Kumagai Gumi has joined Saitec Offshore Technologies and Kansai Electric Power Company (KEPCO) in the DemoSATH floating wind project in Spain, with the partners extending the prototype’s operation at the BiMEP test site through 2027. Under a cooperation agreement, the partners will use the extended operating period for research,... Continue Reading →
Oct 21 (Reuters) - Europe's largest utility, Iberdrola, on Wednesday raised its profit target for this year for the second time and said it expects profit to grow faster than previously forecast, as its focus on power networks pays off. The Spanish company now expects adjusted net profit to grow by at least 10% this... Continue Reading →
Sept. 21 (offshoreWIND.biz) Gazelle Wind Power has developed and tested a new floating offshore wind platform designed to support 18 MW turbines and beyond in extreme offshore conditions, with the company’s preliminary cost assessment indicating 44 per cent lower CAPEX and 52 per cent lower LCOE than the benchmark semi-submersible designs used in the study.... Continue Reading →
Sept. 14 (offshoreWIND.biz) X1 Wind has closed a fourth strategic funding round as the Spanish floating wind technology developer prepares to deploy its X100 platform at the PlemCat test site off Catalonia. The round was led by Grow Ventures, which will hold around 8 per cent of X1 Wind’s share capital, while Catalan investment company... Continue Reading →
Aug. 9 (oilprice.com) To accelerate the global green transition, several energy companies are developing more durable and efficient renewable energy equipment, such as wind turbines and solar panels. This has been hugely successful in recent decades, with the creation of larger, stronger wind turbines and more efficient, resilient solar panels. As companies continue to improve... Continue Reading →
July 23 (Reuters) - Spanish energy group Repsol expects refining margins to stay high next year as geopolitical tensions around the Gulf region and Russia persist, it said on Thursday, after reporting that its second-quarter profit tripled on stronger margins and oil prices. Supply constraints linked to intermittent disruptions in the Strait of Hormuz and Ukrainian... Continue Reading →
July 8 (OE) The PlemCat floating offshore wind test site in the Spanish Mediterranean has secured a favorable Environmental Impact Assessment (EIA), clearing a key regulatory hurdle for deployment of X1 Wind's 8.5 MW X100 platform under the NextFloat project. The approval was officially published in Spain's Boletín Oficial del Estado on July 8 and... Continue Reading →
April 16 (Reuters) - Spanish energy group Repsol has reached an agreement with the Venezuelan government and state energy firm PDVSA to take back operational control of its Venezuelan oil assets and boost production, the company said on Thursday. The agreement includes plans to triple production from its Venezuelan oil operations within three years and guarantee... Continue Reading →
April 9 (Reuters) China imported a record volume of oil from Brazil in March, boosting Brazilian exports of the commodity to the second highest level in the historical series, amid a reorganization of global energy flows following disruptions in the Middle East. The Asian country bought 1.6 million barrels per day (bpd) of Brazilian oil... Continue Reading →
March 24 (oilprice.com) There is a persistent belief in energy debates that refuses to die: renewables and electrification are necessary, but expensive. It is often framed as an unavoidable trade off — clean energy comes at a premium, while fossil fuels remain the cheaper, more reliable baseline. That assumption is now being tested against reality.... Continue Reading →
