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(OW) The US Bureau of Ocean Energy Management (BOEM) has launched a public consultation on the potential development of six wind lease areas offshore New York and New Jersey, in an area known as the New York Bight. In February 2022, BOEM held an auction that brought in over USD 4.3 billion for the rights... Continue Reading →
(TCD) The designation of “world’s largest” wind turbine seems to be a fleeting recognition, as innovations taking the tech to new heights frequently make headlines. Some of the latest windcatchers also leverage wood, unique shapes, and extreme designs to create electricity. The latest turbine coming from China’s Mingyang Smart Energy is made for higher gusts and can... Continue Reading →
(OET) France-headquartered CGG and Dutch C-Questra have signed a commercial cooperation agreement in carbon capture, utilization, and sequestration (CCUS). “The purpose of the cooperation agreement is quite simply to go much faster. CGG contributes human and technological resources, while C-Questra implements the projects, particularly in France, by leveraging the combined expertise and experience of our... Continue Reading →
(OET)Thanks to multiple discoveries, Guyana has quickly emerged as a global oil and gas exploration hotspot. In recognition of this, India recently greenlighted the inking of a memorandum of understanding (MoU) between its Ministry of Petroleum and Natural Gas and Guyana’s Ministry of Natural Resources to join forces in the hydrocarbon sector. The two countries... Continue Reading →
(OE) Every single turbine at Vattenfall’s 168 MW offshore wind farm Vesterhav Syd has now delivered power to the Danish electricity grid. The offshore wind farm is now completely connected to the Danish power grid, following the supply of power from the first turbines back in November 2023. Since then, the remaining turbines have been linked... Continue Reading →
(Reuters) - Utility firm Eversource Energy (ES.N) said on Monday it would record an after-tax impairment charge, other than temporary, of $1.4 billion to $1.6 billion in the fourth quarter related to some wind projects. Shares of the company fell nearly 3% in trading after the bell. Eversource said it would incur a charge of about $800... Continue Reading →
(OE) Bourbon Subsea Services has installed a floating electrical hub (FEH) at the Eolmed floating offshore wind farm in France, completing the first stage of the 30 MW project. The FEH for the pilot floating farm was installed off Portla-Nouvelle in southern France in fall 2023. This project will involve three 10 MW-rated wind turbines, supplied... Continue Reading →
(Reuters) - Exxon Mobil's write-down of about $2.5 billion of troubled California properties aims to end five decades of offshore oil production in the state, but a full exit from those assets could take some time. Sable Offshore, a company created in 2020, agreed more than a year ago to pay $643 million for Exxon's... Continue Reading →
(OW) Iberdrola and the World Bank, through its private sector investment arm, the International Finance Corporation (IFC), have signed a EUR 300 million loan agreement to develop renewable energy projects in countries dependent on fossil fuels, including Morocco, Poland and Vietnam. IFC has already allocated a first tranche of EUR 170 million for the support... Continue Reading →
The Brazilian Environmental Institute (Ibama) gave the green light for the installation of the new platform ship (FPSO) in the Mero field, in the Santos Basin. The environmental agency issued the license for the FPSO Alexandre de Gusmão, which is being built by SBM Offshore and is expected to come into operation in 2025. The... Continue Reading →
Brazil Energy Insight 