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Oil and gas companies are set to spend $58 billion on well intervention – a way to extract additional resources from an existing well instead of drilling a new one – in 2023, the Norwegian energy intelligence group Rystad Energy said. Rystad Energy said its modeling showed this is just the start of a surge... 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 →
The Crown Estate has made some modifications to the auction process for the Celtic Sea floating wind leases offshore Wales and southwest England, focusing on social value, integration ports and supply chain, as well as addressing new spatial constraints to help de-risk projects ahead of opening the leasing round to bidders later this year. In... Continue Reading →
(OE) Prysmian Group said Monday it had been awarded a new contract by Denmark-based offshore wind farm giant Ørsted to supply inter-array subsea cables for the Hornsea 3 offshore wind farm, located 160 km off the Yorkshire coast, UK. Once constructed, it will be able to supply well over 3 million households with electricity. Under... Continue Reading →
(OW) Operating offshore wind capacity in China has reached 31.4 GW and accounts for approximately 10 per cent of the country’s total wind capacity which has doubled from 2017 and now exceeds 310 GW, according to a report from Global Energy Monitor (GEM), a US-based non-profit organisation that tracks fossil and renewable energy projects worldwide.... Continue Reading →
(OE) Seaway 7, an offshore wind installation subsidiary of Subsea 7, has secured a "very large" contract with ScottishPower Renewables for the transport and installation of the foundations and inner-array cables for the East Anglia THREE offshore farm in the UK. Subsea7 defines a very large contract as being between USD 500 million and USD... Continue Reading →
(OW) The Crown Estate has reported a record net revenue profit of GBP 442.6 million (around EUR 512 million) for the financial year 2022/23 thanks to earnings from option fees that the developers of the Round 4 offshore wind farms started paying this year. Offshore wind has also boosted the value of The Crown Estate’s... Continue Reading →
(OW) Bureau Veritas has been awarded a major contract to provide integrated site services for ScottishPower Renewables’ 1.4 GW East Anglia Three offshore wind farm in the UK. Under the multi-million-pound contract, Bureau Veritas will provide quality, fabrication management, and inspection services, representing ScottishPower Renewables within a significant portion of the project supply chain. In... Continue Reading →
(OW) Offshore Wind Consultants, an ABL Group company headquartered in London, has entered into an agreement to acquire 100 per cent of the shares of Denmark-based offshore wind consultancy, Delta Wind Partners (DWP). The acquisition, expected to close in the third quarter, is said to expand OWC’s technical offering in wind turbines and in consultancy at... Continue Reading →
(Reuters) - BP (BP.L) and Orsted (ORSTED.CO) have resolved a dispute over an overlapping zone in the UK North Sea between the BP-led Endurance carbon capture project and the Danish firm's planned Hornsea 4 windfarm, the companies said in a letter published by UK authorities. Britain granted preliminary licences for both proposed projects more than a decade ago, when an overlap... Continue Reading →
Brazil Energy Insight 