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(Reuters) The Big three oilfield services (OFS) companies will likely report higher profits for the second quarter as resurgent demand in international markets and strong offshore drilling helped counter tepid activity in North America. Baker Hughes, Halliburton, and SLB are set to post a combined second-quarter adjusted profit of $2.04 billion, according to Refinitiv data,... Continue Reading →
(OE) The board of the Swedish floating wind technology developer Hexicon has rejected a bid on the company from an unnamed "European actor." The bid, which was conditional of the board's recommendation, was set at SEK 1.5 per share, corresponding to a value of SEK 545 million (currently around $53 million) for the entire company. ... Continue Reading →
Chevron’s newest mini ROVs for subsea inspections are the result of a partnership with tech company BeyonC to use ROVs that combine a vehicle made by JM Robotics with FiGS sensor technology made by FORCE Technology. Chevron says the mini ROV-based inspections allow the company to get a thorough and accurate assessment of its assets... Continue Reading →
(Reuters) Japan's Toshiba plans to establish a domestic supply chain for offshore wind power equipment together with U.S. manufacturer General Electric, Nikkei reported on Saturday, as Japan is expanding in renewable energy in a zero-carbon push. Japan's offshore wind power market is set to grow as the government aims to install up to 10 gigawatts... Continue Reading →
(OE) Plans for floating wind farm development off the coast of Wales and South West England are progressing as the first specialist survey vessel embarks on a 100-day mission from Swansea. With a crew of 30, the vessel will use towed and hull-mounted sensors to gather geophysical data on the properties of the seabed and... Continue Reading →
(OE) Dutch offshore wind farm developer CrossWind has awarded Italy-based Rosetti Marino a new engineering, procurement, construction, installation and commissioning (EPCIC) contract for an offshore green hydrogen production and storage pilot plant - called the 'Baseload Power Hub.' The Baseload Power Hub will be located within CrossWind’s Hollandse Kust Noord offshore wind farm, 18.5 kilometers off... Continue Reading →
(OW) UK-based Jee Limited (Jee) and the Dutch consultancy IX Renewables have agreed to join forces on the development of a series of offshore wind projects, including floating wind farms. IX Renewables will set up and manage the developments while Jee will provide engineering services throughout the lifespan of the projects, including conceptual, FEED, and... Continue Reading →
(Reuters) Danish green investment company Copenhagen Infrastructure Partners (CIP) has raised 5.6 billion euros ($6.13 billion) for its latest fund and expects to meet its full 12 bln euro target amid undiminished global investor appetite, it said on Monday. The investors necessary to meet the overall target for its fifth flagship fund - Copenhagen Infrastructure... Continue Reading →
(OE) To reach net zero, the world may need as many 200,000 offshore wind turbines generating 2,000 gigawatts (GW) of energy. To put this in context, by the end of 2022, 63 GW of offshore wind capacity had been installed worldwide. Within the next 28 years, the offshore wind energy sector needs to expand so that it is capable of producing... Continue Reading →
A new report from Offshore Renewable Energy (ORE) Catapult outlines how the latest technology advancements can enable faster and more accurate data collection which could reduce consenting times for offshore wind farms by as much as 40 per cent. The report, Accelerating Offshore Wind: The Role of Innovation in Decision-Making and Faster Consenting, details how... Continue Reading →
Brazil Energy Insight 