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The global wind energy market will pass the one terawatt (TW) threshold for installed capacity by the end of 2023, according to the latest market outlook from Wood Mackenzie. “After needing more than 40 years to reach one TW of installations, the wind industry will reach the next TW of installations within the next eight... Continue Reading →
(OE) Danish offshore vessel operator Maersk Supply Service has entered a collaboration with the Dutch vessel designer GustoMSC to design the "next generation" Wind Installation Vessel. Maersk Supply Service, which is already building an offshore wind installation vessel for the U.S. market, said Tuesday the aim of the latest collaboration with GustoMSC was to create an... Continue Reading →
Prysmian’s cable-laying barge Ulisse has resumed cable laying operations at the first U.S. large-scale offshore wind project, located off the coast of Massachusetts. According to the project’s latest mariner update, cable laying operations of the mid-section cable for the Vineyard Wind 1 project were set to kick off on or about 9 April and continue... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) has held preliminary talks with Pioneer Natural Resources Co (PXD.N) about a possible acquisition of the U.S. shale oil producer, the Wall Street Journal reported on Friday, citing people familiar with the matter. Discussions between the two companies about a potential deal have been informal, the newspaper said, adding that Exxon executives have discussed a... Continue Reading →
(OE) U.S. offshore shipbuilder and shipowner Edison Chouest this week marked the 50-percent completion milestone for the U.S.-flagged ECO Edison, the first Jones Act-compliant wind farm SOV. Senior executives from offshore wind developers Ørsted and Eversource toured the Edison Chouest Offshore shipyard in Louisiana to see the progress on the SOV. ECO Edison will be... Continue Reading →
The state administration of Maryland, US, has set a goal of achieving 8.5 GW of installed offshore wind capacity by 2035, by which time the state aims to have 100 per cent of clean energy in its energy mix. To support this target, the administration is working to establish new lease areas and strengthen the... Continue Reading →
(OM) Principle Power and Aker Solutions have been awarded a US Floating Offshore Wind Readiness (FLOWIN) Prize, which will set forth the goal to establish a sustainable and competitive domestic supply chain ecosystem to deliver floating offshore wind projects in the US. The FloatHOME Project will leverage the fourth-generation, industrialized WindFloat design to evaluate and compare deployment options,... Continue Reading →
(Reuters) - Spanish power company Iberdrola (IBE.MC) will seek to expand in the United States and take advantage of its green subsidies after announcing the sale of gas assets worth $6 billion in Mexico, Chief Financial Officer Jose Sainz said on Wednesday. The sale significantly reduces the renewable energy giant's exposure to Mexico, where its relationship with... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Tuesday signaled in a securities filing that first-quarter operating profits dropped about 25% from last year's record levels as oil and gas prices eased. Operating results could drop to about $9.6 billion, compared to $12.8 billion net profit from the fourth quarter, according to a snapshot of factors affecting first... Continue Reading →
(Reuters) - Exxon Mobil Corp's (XOM.N) Low Carbon business has the potential to generate hundreds of billions of dollars in revenue and outperform the company's traditional oil and gas as soon as a decade from now, CEO Darren Woods said. The largest U.S. oil producer on Tuesday laid out to investors the aims of its emerging energy transition strategy... Continue Reading →
Brazil Energy Insight 