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(Reuters Breakingviews) - Cable maker Prysmian (PRY.MI), opens new tab is once again in expansion mode. Six years after swooping on General Cable, opens new tab, the acquisitive $15 billion manufacturer of electric wires and fiber connections has agreed, opens new tab to buy smaller U.S. rival Encore Wire (WIRE.O), opens new tab for about $4.2 billion. The deal does not come... Continue Reading →
(Reuters) - The European Union will investigate subsidies received by Chinese suppliers of wind turbines destined for Europe, the bloc's anti-trust commissioner, Margrethe Vestager, has said. Tuesday's move is the latest in a growing effort in both Europe and the United States to shield domestic clean energy industries from cheap Chinese imports, which authorities say benefit... Continue Reading →
(OE) Norwegian offshore energy industry services company Axess Technologies has signed a contract for the delivery of an export cable pull-in system to Seatrium, which is in charge of the construction of offshore substation for Empire Wind 1 offshore wind project in the United States. The contract is for the design, engineering and supply of... Continue Reading →
(offshoreWIND.biz) The California Independent System Operator (ISO) has unveiled its draft 2023-2024 Transmission Plan, which includes 26 proposed projects worth USD 6.1 billion (approximately EUR 5.6 billion), with a majority of the investment related to offshore wind. According to the California ISO, the plan is based on the state projections that California needs to add... Continue Reading →
(offshoreWIND.biz) National Grid Ventures (NGV) and Con Edison Transmission have submitted plans for building a transmission infrastructure that will connect offshore wind power to the New Jersey electricity grid. The project, named the Garden State Energy Path, proposes laying underground cables that will enable the delivery of approximately 6 GW of offshore wind power from... Continue Reading →
(Reuters) - Exxon Mobil (XOM.N), opens new tab on Wednesday signaled first-quarter operating results would drop over the prior quarter on weaker oil, gas prices and a big loss in fuel derivatives, a securities filing showed. The drop follows two years of strong oil and fuel prices that turned the largest U.S. oil company into one of... Continue Reading →
(Bloomberg) -- Macquarie Asset Management is making a $50 billion bet on offshore wind after sidestepping a perfect storm of low power prices and cost inflation that forced many competitors to walk away. Corio Generation Ltd., the fully owned offshore wind unit of the Australian financial giant, along with partners including TotalEnergies SE, plans to... Continue Reading →
(Reuters) - Oil major Shell (SHEL.L), opens new tab is seeking a long-term license from the U.S. before making a final investment decision on the Dragon natural gas project in Venezuela, four people familiar with the matter said. The Dragon field lies in Venezuelan waters near the maritime border with Trinidad and Tobago, and holds up to... Continue Reading →
(Reuters) - The U.S. Interior Department on Tuesday approved the country's eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes. WHY IT IS IMPORTANT The New England Wind Project approval brings the U.S. one-third of the way to President Joe Biden's... Continue Reading →
(Reuters) - Top oilfield services company SLB (SLB.N), opens new tab said on Tuesday it will buy smaller rival ChampionX (CHX.O), opens new tab in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector. Oilfield service providers have followed energy producers in pursuing deals as they navigate operational and pricing challenges while... Continue Reading →
Brazil Energy Insight 