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Nov 3 (Reuters) - Denmark's Orsted said on Monday it agreed to sell a 50% stake in Britain's Hornsea 3 offshore wind farm for 39 billion Danish crowns ($6.09 billion), widely regarded as a crucial move to prevent a crippling credit rating downgrade. Orsted, the world's largest offshore wind developer, seeks to restore investor confidence as... Continue Reading →
Oct 30 (Reuters) - Shell and TotalEnergies posted quarterly profit falls of 10% and 2%, respectively, on Thursday, dragged down by lower oil prices, though Shell beat expectations helped by better trading results in its huge gas division. While Shell, the world's largest liquefied natural gas trader, is keeping its $3.5 billion buyback pace, No. 2 LNG... Continue Reading →
Oct 27 (Reuters) - Britain is offering a smaller budget for offshore wind in its next auction round to spur investment in renewable power capacity, government documents showed on Monday, with one analyst saying the country will struggle to meet its clean power targets. Documents released on Monday showed the next auction round will have... Continue Reading →
Oct. 17 (offshoreWIND.biz) Iberdrola has begun exploring the sale of 49 per cent of its East Anglia Two offshore wind farm project in the UK, according to a report by the Spanish media outlet Cinco Días citing unnamed sources. The renewable energy developer has already engaged Bank of America and BBVA as financial advisors to assist with... Continue Reading →
Oct 10 (Reuters) - Chinese wind turbine manufacturer Ming Yang Smart Energy will invest up to 1.5 billion pounds ($2 billion) to build a wind turbine manufacturing facility in Scotland which could create up to 1,500 jobs, it said on Friday. Britain is seeking to scale up renewable power to help meet its climate targets... Continue Reading →
Sept 11 (Reuters) - Britain’s largest electricity supplier Octopus Energy has signed a deal with Chinese wind turbine manufacturer Ming Yang Smart Energy, which could see the first Chinese made turbines installed in Britain. Britain is seeking to scale up renewable power to help meet its climate targets but is also grappling with rising project... Continue Reading →
Sept. 3 (OE) Engineers in the U.K. and Brazil have developed a tentacle-like underwater robot that could change how subsea pipelines and offshore structures are inspected, offering a safer and more precise alternative to conventional rigid systems. The one-meter-long flexible manipulator, created by the U.K.’s National Robotarium and Brazil’s Senai Cimatec, features a soft, bendy... Continue Reading →
Aug. 14 (offshoreWIND.biz) Brazil’s Centre for Gas Technologies and Renewable Energies (CTGAS-ER), part of the country’s SENAI Institute for Innovation in Renewable Energy, and the UK-based Ocean Energy Pathway have launched the first joint training programme focused on offshore wind energy in Brazil. Later this month, SENAI will also launch a postgraduate course in offshore... Continue Reading →
(offshoreWIND.biz) According to a new market report from the Global Wind Energy Council (GWEC), there are now 83 GW of offshore wind capacity installed globally, with 48 GW more in the construction phase worldwide as of May this year. “Our report finds that there is now already 83 GW of offshore wind installed worldwide, keeping... Continue Reading →
July 31 (Reuters) - Shell's second-quarter net profit tumbled by almost a third on Thursday, dragged down by a drop in oil prices, lower gas trading results and outage-related losses from its chemicals operations, but it still easily beat analysts' forecasts. The oil major, meanwhile, said it would maintain the pace of its share buyback programme... Continue Reading →
Brazil Energy Insight 