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(Offshore Energy) War in Ukraine is transforming the outlook for the supply, demand, and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict, a rewriting of energy trade flows is now underway, energy intelligence group... Continue Reading →
A collaboration between Equinor and Technip Energies on Floating Wind Substructures was announced during the Seanergy conference in Normandie, France. The collaboration is intent on building on the two companies’ joint ambition of driving the industrialization of floating offshore wind. “We see longer-term collaboration from an early phase as the next step within floating offshore... Continue Reading →
(Reuters) - BP (BP.L) is beefing up its hydrogen management team as the energy company prepares to accelerate investments in the low-carbon fuel which it believes will play a key role in the world's shift away from fossil fuels. The revamp of the hydrogen team is the first clear sign of changes Anja-Isabel Dotzenrath, a former head... Continue Reading →
(TN) Corio Generation, a global offshore wind energy company, announced plans to build offshore wind farms in Brazil, in a total of five projects of more than 5 GW in the initial phase of development. Corio Generation is a portfolio company of Macquarie's Green Investment Group, operating independently. Created in April 2022, Corio already has... Continue Reading →
By: Philip Lewis (OE) Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion... Continue Reading →
Aker Solutions and NOV have signed a long-term technology cooperation agreement to optimize subsea system solutions, expected to enable sustainable oil and gas, low carbon, and renewable solutions. According to the parties, the joint effort will combine the technology strengths of NOV and Aker Solutions to optimize system solutions, allowing for greater flexibility and value... Continue Reading →
By: Elaine Maslin (OE) Wind power pioneer Henrik Stiesdal built his first wind turbine in 1978. It was one of Denmark’s first step towards becoming a wind energy powerhouse, with Stiesdal regularly at the helm. He’s now got wider climate initiatives in his sights, including industrializing floating offshore wind. He reflected with OE’s Elaine Maslin.... Continue Reading →
Seaway 7, a fixed-bottom offshore wind installation affiliate of Subsea 7, on Monday revised its adjusted EBITDA guidance for the full year 2022, citing issues with offshore wind projects in the Netherlands and Taiwan. The company said its revenue is expected to be in line with previous guidance towards $1 billion, with an Adjusted EBITDA... Continue Reading →
(Reuters) - Energy security concerns raised by Russia's invasion of Ukraine have provided even more impetus for adopting a range of low-carbon technologies to meet the Paris climate accord goals, industry executives told the Reuters Global Markets Forum (GMF). "Renewables in and of themselves aren't enough to solve this problem," Standard Chartered (STAN.L) Chief Executive Bill Winters... Continue Reading →
(PEN) In a year with a record number of new contracts and solid results, the Brazilian CBO Group advanced in ESG (Environmental, Social and Corporate Governance) practices and published its first Sustainability Report, 2021 version. , investment in energy efficiency actions and the waste reduction results promoted by the Visão Verde Program. The maritime support... Continue Reading →
Brazil Energy Insight 