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(OE) ABS issued an approval in principle (AIP) to ECO TLP and MOCEAN-Offshore BV for a floating offshore wind turbine support structure. The unique design from ECO TLP utilizes slip-formed cylindrical concrete hulls and gravity anchors, which, when combined with a tension-leg mooring system, has a smaller footprint than traditional structures using steel column-stabilized hulls. “Offshore floating wind will play... Continue Reading →
(Reuters) New York regulators on Thursday denied requests by developers of offshore wind projects and dozens of land-based renewable projects seeking billions of dollars in additional funding for existing contracts to sell power. The state denial could force developers to cancel some money-losing contracts and cancel or delay projects to sell power in New York... Continue Reading →
(OW) Japan’s Marubeni has signed a memorandum of understanding (MoU) with the Department for Business and Trade of the UK Government on comprehensive cooperation in clean energy projects, including offshore wind and green hydrogen businesses in the UK. According to Marubeni, the MoU affirms the partnership between the UK Government and the company, indicating the... Continue Reading →
(OW) The third and final wind turbine of the Provence Grand Large floating offshore wind project was installed 17 kilometres off the coast of Port-Saint-Louis-du-Rhône, France. Less than a month after the first departure from the Port of Marseille Fos, the other two wind turbines were in turn towed offshore and anchored at a depth of around... Continue Reading →
(OET) U.S.-headquartered energy giant ExxonMobil is in the process of expanding its footprint in the U.S. even further, thanks to a definitive agreement to acquire Pioneer Natural Resources in an all-stock transaction, which has an implied total enterprise value, including net debt, of approximately $64.5 billion. The oil major believes that this deal will strengthen the... Continue Reading →
(Reuters) Angola's largest private oil and gas company Azule Energy plans to raise production by around 14% to 250,000 barrels per day (bpd) by 2026, its CEO said on Thursday, in a boost to the country's plans to turn around flagging output. Azule Energy, a 50/50 joint venture between Eni and BP formed last year when the... Continue Reading →
(OET) Brazilian oil and gas player Enauta has changed the timeline for the restart of production from a floating, production, storage, and offloading (FPSO) vessel, which is working on a field off Brazil. This FPSO is now anticipated to come back online by November 2023. Originally, the production was expected to resume by early September... Continue Reading →
(OE) Between 2017-2022 renewables met 51% of new energy demand, while the remaining demand was supplied by fossil fuels, according to DNV’s Energy Transition Outlook. "Renewables are still just meeting increased demand rather than replacing fossil fuels, and in absolute terms, fossil fuel supply is still growing," DNV said. "Limiting global warming to 1.5°C warming is... Continue Reading →
(Reuters) Italy's Eni hopes to reach a final investment decision on its second floating liquefied natural gas (LNG) project in Mozambique by the end of June next year, two sources directly involved with the project said on Tuesday. Its first LNG project - called Coral Sul - made the impoverished African country a global producer... Continue Reading →
(Reuters) - Brazil generated nearly 93% of its electricity from clean sources during the first nine months of 2023, up more than 2 percentage points from the same period in 2022 and the largest clean-power share among major economies. France has historically boasted the cleanest power sector among top economies, but has lost ground to... Continue Reading →
Brazil Energy Insight 