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Barry Parker, Contributor (OE) The path to decarbonization is defined by partnership and fueled by government funding. This month we examine the players, partnerships, and evolution of Hydrogen Hubs in the Gulf of Mexico. The Green Shipping Challenge, organized by the United States and Norway at COP 27 held in late 2022, brought about dozens of... Continue Reading →
Philip Lewis, Contributor (OE) Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain. There has been much focus on the emerging floating wind market of late. The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of... Continue Reading →
Brazil has all the favorable conditions to lead the global development of offshore wind energy. To get an idea, the country's estimated generation potential is 700 GW in offshore locations with depths of up to 50 meters - a volume that corresponds to more than 30 times the installed generation capacity in the world today... Continue Reading →
(epbr) The Dutch government released the Climate Fund project for 2024, which foresees 28.1 billion euros for climate spending in the country until 2030. Of this total, 7.5 billion euros will be used to develop the green hydrogen industry, including 300 million euros to import this energy source – which could favor green hydrogen projects... Continue Reading →
Fugro has reported a revenue of €465.8 million for the first quarter of 2023, representing an increase of 27.5 per cent, said to be especially related to offshore wind site characterization solutions, with all regions reporting double-digit growth. Overall, revenue in marine was €335.1 million, up by 34.7 per cent, as a result of increasingly... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 04/06/2023, informs that its Board of Directors elected Mr. Maurício Tolmasquim to the Board of Energy Transition and Sustainability of the Company, which will coordinate the activities of decarbonization, climate change, new technologies and sustainability and will incorporate the commercial activities of natural... Continue Reading →
(Reuters) After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. But it's unlikely to be all plain sailing. Rising costs and supply chain bottlenecks have hit some projects and without investment in infrastructure to... Continue Reading →
(Reuters) - Wind power may generate roughly 40% of North America's electricity by 2050, and solar power another 32%, if current and projected capacity development plans proceed as expected, data from risk assessment firm DNV shows. With hydropower expected to generate an additional 11.5% and nuclear a further 7.3%, over 90% of the region's electricity... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) has won contracts worth almost 7 billion euros ($7.68 billion) as part of a consortium with Spain's Dragados Offshore (ACS.MC) to transport wind farm power to northern Germany, the German company announced on Thursday. Under the deal with Dutch electric grid company TenneT (IPO-TTH.AS), the companies will supply technology for three offshore grid connections in... Continue Reading →
(Bloomberg) – The Pentagon is sounding alarms over the Biden administration's plans to advance offshore wind projects along the central Atlantic U.S. coast, warning that almost all of the new terrain eyed for development conflicts with military operations. Maps shared with industry stakeholders and seen by Bloomberg News show vast red areas that the Navy... Continue Reading →
Brazil Energy Insight 