Hitachi Energy investing $4.5B to accelerate energy transition, new jobs on the horizon

(Offshore-energy.biz) Hitachi Energy is planning to invest an additional $4.5 billion in manufacturing, engineering, digital, R&D and partnerships by 2027, doubling the investments done in the last three years, to accelerate the energy transition. The investment, complementing the recently announced $1.5 billion investment to ramp up global transformer production, is expected to enable Hitachi Energy to meet... Continue Reading →

June 12, 2024 0

Vard Launches Prysmian’s Monna Lisa Cable Layer

Norwegian shipbuilder Vard has launched a 171-meter-long cable laying vessel (CLV) Monna Lisa, being built for Prysmian, marking another major milestone towards the delivery of the vessel, scheduled for 2025. Prysmian executives gathered at the VARD shipyard in Tulcea, Romania to celebrate the launching of the new CLV Monna Lisa, the sister ship to the... Continue Reading →

June 11, 2024 0

Six Innovators Selected to Advance New York’s Offshore Wind Potential

(OE) The Offshore Wind Innovation Hub, led by Equinor, has selected six companies that will receive support to further develop their ideas and advance offshore wind’s potential in New York. Six companies were selected from a pool of 78 applicants based on the novelty of their solutions that will help propel the United States to... Continue Reading →

June 7, 2024 0

Germany to Build More Offshore Wind than Originally Planned

(Reuters) Germany plans to build more wind turbines in the North and Baltic seas than originally planned, a draft plan by the maritime authority showed on Friday, as Berlin aims to have 70 gigawatts of offshore wind energy by 2045. Germany's Maritime and Hydrographic Agency (BSH) on Friday published a draft containing specifications for offshore... Continue Reading →

June 7, 2024 0

Eletrobras signs agreement with Prumo to produce green hydrogen at Brazilian port

(Reuters) - Brazil's Eletrobras, Latin America's largest utility, signed a memorandum of understanding with infrastructure company Prumo to produce green hydrogen in a port in Rio de Janeiro, which could lead to development of a pilot plant, the two firms said. The memorandum, signed on Wednesday at an event in Rio, also opens the door... Continue Reading →

June 6, 2024 0

Bankrolling fossil fuels: 60 giant banks pick up the $7 trillion tab for coal, oil & gas

(Offshore-energy.biz) While global efforts to break away from emission-intensive fossil fuels and pivot to low-carbon and renewable energy alternatives have grown by leaps and bounds since the Paris Agreement came onto the scene, concerns over energy security, rising demand, and population growth have enabled coal, oil, and gas to spread their wings further, with over... Continue Reading →

May 30, 2024 0

US faces ‘learning curve’ with offshore wind, says Atlantic Shores exec

(OffshoreMagazine)Rain Byars, technical and delivery director with Atlantic Shores Offshore Wind, provided a developer's perspective on US offshore wind during her keynote session on May 7 at the Offshore Technology Conference (OTC). The dedicated offshore wind thread was a first at OTC this year. Byars has 14 years of experience in offshore wind, and prior to... Continue Reading →

May 10, 2024 0

Petrobras cheers 41% cut in operational GHG emissions since 2015

(Offshore-energy.biz) Brazilian state-owned oil and gas giant Petrobras has tucked a new greenhouse gas (GHG) emission reduction milestone under its belt with a 41% drop in operational absolute GHG emissions between 2015 and 2023 on the decarbonization journey towards a just energy transition and net zero operations. Thanks to this, one of the highlights of the new... Continue Reading →

May 8, 2024 0

OTC 2024: Petrobras CEO stresses importance of partnerships during energy transition

(OM In a jam-packed, standing-room-only session at the Offshore Technology Conference (OTC), Petrobras President and CEO Jean Paul Prates emphasized that synergy is the lifeblood of the industry and that collaboration with suppliers and investors will leverage the sector and pave the way for an energy transition without leaving behind workers, service providers, contractors or... Continue Reading →

May 7, 2024 0

Second HVDC Platform Installed at World’s Largest Offshore Wind Farm

(OE) Saipem has installed the second unmanned High Voltage Direct Current (HVDC) platform at Dogger Bank, being built in UK waters and set to become the world’s largest offshore wind farm once constructed. The substation is the second of three platforms, each supplied by Aibel, to be installed at Dogger Bank offshore wind farm, which... Continue Reading →

April 24, 2024 0

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