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(OM) The start of 2024 marks a period where the “readjustment” of the US wind segment is becoming more apparent, according to recent analysis from market analysis firm Intelatus Global Partners. At a federal level, nearly nine gigawatts (GW) of lease potential in the Central Atlantic and Oregon have passed further hurdles to be auctioned... Continue Reading →
(OET) Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has caught sight of increased activity in tenders covering work for 2025 and beyond. While the firm is primarily expecting more assignments in the North Sea and Brazil, other regions are also being affected by the tightening of vessel supply. Prosafe’s fleet utilization for January... Continue Reading →
(OET) Offshore drilling contractor Valaris has landed a batch of new contracts and extensions across multiple geographies with Petrobras, Equinor, Harbour Energy, TotalEnergies, Shell, Ithaca Energy, Eni, undisclosed operators, and Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental (Oxy). These deals will enable three floaters and six jack-ups in the rig owner’s fleet to undertake... Continue Reading →
(OE) The U.S. Department of Energy (DOE) and the National Oceanic and Atmospheric Administration (NOAA) have launched an 18-month initiative to gather extensive weather, ocean, and wildlife data near the sites of active offshore wind farms and lease areas off the coast of the Northeast United States. This effort, which is part of the third phase of... Continue Reading →
(Reuters) The U.S. Environmental Protection Agency (EPA) on Thursday, granted a Clean Air Act permit to New York's Empire Offshore Wind owned by Equinor. The permit was given after an air quality analysis showed federal air quality standards would not be compromised during construction and operation of the project, the agency said. "When built, this project is expected to generate... Continue Reading →
(OE) The U.S. Department of Energy’s (DOE) Wind Energy Technologies Office (WETO) and Innovation Fund Denmark have announced an intention to release a $4.2 million funding opportunity to advance floating offshore wind energy systems. The announcement builds on a memorandum of understanding (MoU) between DOE, the Denmark Ministry of Higher Education and Science, the Denmark... Continue Reading →
(Reuters) - Exxon Mobil (XOM.N), opens new tab on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas production. Oil majors are expected to report 2023 profits down by about a third from record levels in 2022, as oil and gas prices retreated from the peaks that followed... Continue Reading →
(Reuters) - Chevron Corp (CVX.N), opens new tab on Friday beat analysts' earnings estimates and increased dividends on higher oil and gas production, after a year of sharply lower profits on missteps and charges. Shares in the pre-trading market rose a fraction after the company beat analysts' consensus forecast by 24 cents with adjusted earnings of $3.45... Continue Reading →
(OW) The New York City Public Design Commission (PDC) has approved Equinor’s design for the offshore wind operations and maintenance (O&M) building that the developer of the Empire Wind projects plans to build at the South Brooklyn Marine Terminal (SBMT). The Empire Wind developer says that, during the design process of its O&M base, the... Continue Reading →
(Bloomberg) – Venezuelan oil production at a four-year high is expected to decline quickly if the US follows through on threats to reinstate sanctions on the nation. The Biden administration on Tuesday said sanctions relief to Venezuela’s oil and gas sector will be allowed to expire on April 18, unless the government holds free and... Continue Reading →
Brazil Energy Insight 