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In the first volume of the World Energy Transitions Outlook (WETO) 2023, the International Renewable Energy Agency (IRENA) calls for raised global ambition in renewables deployment. The WETO 2023: 1.5°C Pathway positions electrification and efficiency as key transition drivers, enabled by renewable energy, clean hydrogen, and sustainable biomass and tracks implementation across all energy sectors.... Continue Reading →
(OW) Freja Offshore, a joint venture between Hexicon and Mainstream Renewable Power, has submitted an application for an offshore wind farm in Sweden that could have an installed capacity of between 2 GW and 2.5 GW and, according to the project’s consultation document, could feature wind turbines of up to 30 MW per unit. The... Continue Reading →
Italy’s oilfield services provider Saipem has strengthened its financial structure and liquidity, after its two new credit facilities, totalling €860 million (nearly $945 million), came into effect. Saipem entered into two new credit facilities in February 2023 with a pool of leading national and international banks. The effectiveness of these credit facilities was subject to the enactment... Continue Reading →
(OE) After a slowdown in activity during 2020/2021 due to soft commodity prices, demand for FPSOs is picking up. With exploration hotspots like Namibia’s Orange Basin and the East Mediterranean delivering new finds, the FPSO market outlook is healthy. But shipyard capacity constraints are beginning to weigh on delivery, leading to cost concerns. Furthermore, FPSO... Continue Reading →
(TN) In the coming years, Rio Grande do Norte should become one of the main locations for the study and development of technologies aimed at installing offshore wind farms in the country. The statement was made by the president of Petrobras, Jean Paul Prates, during a press conference held to detail how the company will... Continue Reading →
(OW) Equinor has entered into a long-term partnership agreement with Wergeland Group as the preferred supplier for the fabrication of foundations and the assembly of turbines for floating offshore wind. At the same time, Equinor and partner Vårgrønn confirm which floater concept will be developed for the Utsira North (Utsira Nord) project. The facilities at... Continue Reading →
Philip Lewis, Contributor (OE) The energy transition is moving ahead amid recovery in offshore oil & gas and growth in offshore wind, leaving vessel owners that serve these markets with big questions about energy carrier and energy converter selection for their newbuilds.What is driving the change? The foundations of energy transition in the offshore and marine... Continue Reading →
(OET) Baker Hughes has secured a subsea contract with Italian energy giant Eni and its partner Petroci to deploy its deepwater technology for an oil and gas field offshore the Ivory Coast. Under the contract, which includes eight deepwater trees, Baker Hughes will deliver three Aptara manifolds, the relevant subsea production control system, and flexible risers... Continue Reading →
(OE) BladeBUG, a UK-based robotics company which designs and develops spider-like repair robots for the wind industry, has has announced collaboration with non-destructive testing (NDT) specialist, FORCE Technology. The joint project will see FORCE Technology produce custom NDT solutions for integration within BladeBUG's innovative crawler robot, which is specifically designed to maintain and inspect wind... Continue Reading →
The Offshore Renewable Energy (ORE) Catapult has joined forces with leading offshore wind developers and seabed mobility experts to provide clear guidance on seabed change and how it affects offshore wind and marine energy projects. ORE Catapult is leading a consortium of offshore renewables giants – SSE, ESB, Scottish Power Renewables, and RWE – with... Continue Reading →
Brazil Energy Insight 