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The U.S. administration on Wednesday proposed the first-ever offshore wind lease sale in the Gulf of Mexico, as part of the government's plan to spur offshore wind deployment beyond the East Coast. The proposed sale is part of the leasing path announced by Secretary Haaland in 2021 to meet the Biden-Harris administration’s goal to deploy 30 gigawatts... Continue Reading →
(Reuters) - Spain's biggest utility Iberdrola (IBE.MC) expects its net profit to increase by 8% to 10% this year from 2022, it said on Wednesday, discounting the country's windfall tax that would cut the growth rate to the mid-single-digit. Following Russia's invasion of Ukraine a year ago, energy markets in Europe hit record highs, adding to economic... Continue Reading →
U.S.-based marine services company TDI-Brooks announced it was awarded geophysical, geotechnical and benthic sampling survey campaigns to study seabed conditions within the project lease area and potential export cable corridors for offshore wind farms off the U.S. East Coast. TDI-Brooks said it expects to begin the program in April and will continue through summer 2023... Continue Reading →
The Netherlands-based Fugro has signed a letter of intent to optimise and perform a site characterisation programme for undisclosed offshore wind development on the U.S. East Coast. The programme is focused on accelerating the construction and operations permitting process and represents Fugro’s latest work on the U.S. East Coast. Fieldwork will being in the second... Continue Reading →
Galp has agreed to sell its upstream assets offshore Angola to Somoil -Sociedade Petrolífera Angolana. The transaction, estimated at about $830 million, should complete during the second half of this year. The sale comprises Block 14 (9% Galp): Tombua; Landana; BBLT – Benguela, Belize, Lobito, Tomboco; and Kuito; Block 14K (4.5% Galp): Lianzi; Block 32 (5% Galp): Kaombo... Continue Reading →
(OM) President Joe Biden’s administration is tapping the brakes on offshore wind energy development in the Gulf of Mexico to make way for a new fast-tracked effort to open more federal waters to oil and gas drilling. The move, as reported by New Orleans-based NOLA.com, will delay the first-ever auction of wind energy lease areas in the Gulf by at... Continue Reading →
(Reuters) - U.S. prosecutors on Friday unveiled corruption charges against a Connecticut oil and gas trader and a second man over their alleged roles in a bribery scheme to win business from Brazil's state-owned oil company Petrobras (PETR4.SA). The Department of Justice said that between 2010 and 2018, Glenn Oztemel, 64, of Westport, Connecticut, and Eduardo... Continue Reading →
Offshore construction will soon continue on the South Fork offshore wind project in New York with the installation of the project’s 68-nautical mile (about 126 kilometres) submarine cable to kick off in early 2023. The work installing South Fork Wind’s submarine cable involves six stages: seabed preparation, sea-to-shore interconnection preparation, nearshore cable laying, nearshore cable... Continue Reading →
EEW Special Pipe Constructions (EEW SPC) said on Friday that it has set a new record for its heaviest monopile built. The German offshore wind monopile manufacturer broke its own record, which was only set in July 2022, when the company delivered a 1,421-tonne monopile for the Baltic Eagle offshore wind farm. Now. at 1,895... Continue Reading →
The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has made adjustments to monetary penalties for oil and gas companies, implementing the 2023 inflation adjustments for the maximum daily civil monetary penalties contained in BOEM regulations in accordance with Federal law. The Bureau of Ocean Energy Management made the final rule announcement on Tuesday, 14 February... Continue Reading →
Brazil Energy Insight 