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(Reuters) British power generator and network operator SSE Plc on Wednesday set out plans to invest up to 40 billion pounds ($50.48 billion) this decade on clean energy projects and called on the government to ensure the country remains competitive. Britain is aiming to ramp up its renewable power capacity as it seeks to meet... Continue Reading →
(OW) All five innovation projects selected in Scotland’s INTOG (Innovation and Targeted Oil & Gas) leasing round have now signed exclusivity agreements with Crown Estate Scotland, which allows the developers to start offshore wind development work while Marine Scotland’s planning process for the INTOG Sectoral Marine Plan (INTOG SMP) is completed. The INTOG leasing round has three... Continue Reading →
(OW) The BlueFloat Energy and Renantis partnership has signed exclusivity agreements with Crown Estate Scotland to develop its Sinclair and Scaraben innovation projects which will now be part of a phased delivery of the partnership’s Broadshore project. The two 99.5 MW floating offshore wind farms will now be developed as part of a phased delivery... Continue Reading →
(Reuters) U.S. private equity firm Apollo Global Management on Monday said it would not proceed with a takeover offer for British oilfield services and engineering firm John Wood Group after tabling an exploratory bid last month. Apollo had until later this week to either submit a formal offer or walk away from talks following its... Continue Reading →
A collaboration between Cambridge Vacuum Engineering (CVE), SSE Renewables, Sif Group, and TWI, has resulted in what is said to be the first-ever electron beam welded section to be incorporated in an offshore wind turbine monopile foundation (transition piece). The resulting monopile is set for installation in the second phase of Dogger Bank Wind Farm,... Continue Reading →
(OE) Cerulean Winds plans to build an offshore integrated green power and transmission system, powered by floating wind, that North Sea oil and gas platforms will plug into for clean power, under the project called the North Sea Renewables Grid (NSRG), Cerulean and partner Frontier Power International will develop three 333km2 sites of hundreds of floating... Continue Reading →
(Reuters) - Shell (SHEL.L) on Thursday posted first-quarter net profit of $9.65 billion, topping analysts' forecasts, as strong earnings from fuel trading and higher liquefied natural gas (LNG) sales offset cooling energy prices. The stronger-than-expected profits followed a string of forecast-beating results from rivals including BP (BP.L) and Exxon Mobil (XOM.N) as the sector continues to benefit from strong demand and price volatility.... 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 →
(OW) Spain-headquartered BlueFloat Energy and Greenvolt have joined forces to develop offshore wind projects in Portugal. According to the partners, Portugal holds great potential for offshore wind, which is now recognised by the national policymakers who seek to unlock the potential of this technology to deliver on the country’s decarbonisation targets. Portugal has recently identified... Continue Reading →
Subsea 7 has reported a revenue of $1.2 billion for the first quarter of 2023, a 4 per cent increase compared to the same period last year, stating it is on track to achieve a higher whole-year revenue than in 2022. The revenue increase is said to reflect strong growth of 18 per cent in... Continue Reading →
Brazil Energy Insight 