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The Quest Offshore Wind Turbine Index (QOWTI), which tracks the Total Addressable Market for offshore wind*, shows 322 global projects for December a gain of 28 projects since September, comprising 17,793 individual turbine units representing a CapEx of $505.2 billion. Although Asia Pacific continues to lead Europe in total project count, Europe leads all regions... Continue Reading →
French oil major Total has awarded a maintenance contract to energy storage equipment manufacturer and service provider Norco Group for its offshore assets in Angola. Norco Group will support Uninterruptible Power Supply (UPS) systems and standby battery equipment on Total's Angola’s assets in offshore Block 17. This includes the Dalia, Girassol, Pazflor, and CLOV FPSO... Continue Reading →
Italian oil and gas giant Eni and oilfield services provider Saipem are entering into a collaboration for decarbonization projects in Italy in a push to reduce carbon intensity and achieve CO2 reduction targets. Eni’s CEO, Claudio Descalzi, and Saipem’s CEO, Stefano Cao, on Wednesday signed a Memorandum of Understanding (MoU) to cooperate on the identification and engineering... Continue Reading →
This has certainly been an active year for offshore wind, both in the U.S. and globally. Looking at the U.S. in particular, the East Coast is certainly giving cause for real optimism with a clear pipeline of state procurement targets indicating 12 gigawatts installed by 2030 and 29.1 gigawatts total installed by 2035. That means... Continue Reading →
Petrobras President Roberto Castello Branco defended changes in the rules for oil exploration and production in Brazil, which he classifies as unattractive to business. For him, the sharing regime must be extinguished. Castello Branco participated in an online chat at Rio Oil & Gas, the largest event in the oil and gas sector in Latin... Continue Reading →
Wave energy converter developer Bombora and energy services giant TechnipFMC have teamed up to work on a floating offshore wind project, which pairs ocean wave energy with offshore wind. Bombora said Wednesday that under the cooperation in the project - called InSPIRE - the two companies will develop a floating offshore wind foundation incorporating Bombora’s... Continue Reading →
Old offshore oil wells could be turned into geothermal energy producers under a plan by a new consortium. The group, The Aquarius North Sea Geothermal Consortium, is “actively” working with North Sea operators to see if old wells could be used to generate geothermal energy for existing platforms. But a future goal is greenfield geothermal... Continue Reading →
(Reuters) - Petrobras does not expect to invest in renewables over the next five years, Chief Executive Roberto Castello Branco said on Tuesday, adding that the Brazilian state-controlled company will instead put money into technologies to reduce the carbon footprint of its oil extraction activities. Castello Branco has repeatedly said Petroleo Brasileiro SA, as the... Continue Reading →
The floating wind industry, still in its infancy, is set for a 2000-fold increase in installed capacity by 2050, DNV GL said, however, warning that more comprehensive industry standards and risk management is required for the technology to scale. According to the report by risk management and quality assurance company, the cost of floating wind... Continue Reading →
A project has been launched in the UK to explore the viability of developing an offshore charging facility for vessels as part of the industry’s efforts to decarbonize its vessel operations. Funded by the first phase of the UK Government’s Sustainable Innovation Fund, the project - led by Turbulent Simulations, alongside Aluminium Marine Consultants, the... Continue Reading →
Brazil Energy Insight 