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(OEE) Dutch King Willem-Alexander has officially inaugurated the offshore wind farm Hollandse Kust Zuid in the Dutch sector of the North Sea. To mark the occasion the king celebrated the completion of Vattenfall’s largest offshore wind farm to date together with executives of Vattenfall, BASF and Allianz on the beach of IJmuiden in front of... Continue Reading →
(OE) Offshore development of new gas assets has been identified as a key piece to Colombia’s long-term energy security, but significant challenges remain. The size, production capability, and required infrastructure investments all make the situation uncertain, energy industry intelligence group Wood Mackenzie has found. According to Wood Mackenzie, the development of recent offshore gas discoveries... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed a memorandum of understanding with Vale today for the development of low-carbon solutions, taking advantage of the technical expertise and synergies of the two companies. The partnership will last for two years and will assess joint decarbonization opportunities, including the development of sustainable fuel initiatives -... Continue Reading →
(OW) Capital Energy, a renewable energy project developer based in Spain, has submitted applications for environmental assessments for three floating offshore wind farms in Portugal with a total capacity of 2 GW. Named Parque Eólico Offshore Barlavento, Parque Eólico Offshore Carvela and Parque Eólico Offshore Âncora, the first two are proposed to have 40 wind turbines... Continue Reading →
(OE) French oil major TotalEnergies has sold a 40% interest in the offshore Block 20 in the Kwanza Basin in Angola to Malaysia's Petronas. The transaction was completed for an amount of $400 million as at January 1st, 2023, subject to customary price adjustments. TotalEnergies retains the operatorship and a 40% interest in Block 20,... Continue Reading →
(OE) UK-based company Tugdock has signed a Memorandum of Understanding with Salamander floating offshore wind farm to collaborate on innovation for floating offshore wind energy in Scotland. Tugdock, based in Cornwall, UK, has patented marine buoyancy technology that enables heavy marine structures to be built or assembled and loaded-out in ports with water depth or... Continue Reading →
(OE) U.S.-based oil and gas company Talos Energy has completed the sale of its 49.9% interest in Talos Mexico to Zamajal, a subsidiary of Grupo Carso, a company controlled by the family of the Mexican billionaire Carlos Slim. Talos Mexico, now owned 50.1% by Talos Energy and 49.9% by Carso, holds a 17.4% interest in... Continue Reading →
(Reuters) A perfect storm of supply chain delays, design flaws, and higher costs in the offshore wind industry has put dozens of projects at risk of not being delivered in time for countries to meet climate goals, industry executives, investors, and analysts said. The race to reduce reliance on fossil fuels is putting pressure on... Continue Reading →
(PN) Constellation announced a three-year contract with Petrobras, worth U$ 392 million, for the charter and operation of the Alpha Star semi-submersible rig. The unit will be used on the Brazilian coast and its activities are scheduled to begin in the fourth quarter of 2024. The scope of work will include the drilling, completion and... Continue Reading →
U.S.-based developer of ocean robots Nauticus Robotics has secured term loan financing of up to $20 million from existing investors that will be used to bolster the commissioning and commercialization of its fleet. Nauticus Robotics entered into a senior secured term loan agreement with existing stakeholders Transocean, ATW Partners, Material Impact, and RCB Equities which provides the... Continue Reading →
Brazil Energy Insight 