Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) The value of Danish energy company Orsted, the world's largest offshore wind farm developer and a big player in the U.S., has plunged about 31% since it declared $2.3 billion in U.S. impairments in late August due to supply delays, high interest rates and a lack of new tax credits. The company is just one... Continue Reading →
(OW) Offshore wind developer, Deep Wind Offshore, has secured Octopus Energy as a new investor to accelerate international expansion and strengthen Norwegian projects, according to the company. Octopus Energy will join the ownership side of the company, Deep Wind Offshore said, together with the existing industrial owners Knutsen OAS, Haugaland Kraft, and SKL. Deep Wind... Continue Reading →
(OW) Hitachi Energy and the Danish renewable energy developer, Ørsted, have extended their long-standing collaboration for offshore wind farms for three more years. Under the extended framework agreement, Hitachi Energy will continue to support Ørsted’s global offshore wind farms. At a visit to Hitachi Energy’s factory in Ludvika in Sweden, Ørsted’s country head of Sweden,... Continue Reading →
(OET) Brazilian oil and gas player Enauta is anticipating the return of production from a floating, production, storage, and offloading (FPSO) vessel, which is working on a field off Brazil, by October 2023. Previously, the production was expected to resume by early September 2023. Enauta started preventive maintenance at the FPSO Petrojarl I in May 2023 and the production... Continue Reading →
(OW) Goldwind’s GWH252-16MW wind turbine, installed at the Zhangpu Liuao offshore wind farm owned and developed by China Three Gorges, has produced 384.1 megawatt-hours in a 24-hour period, setting a new world record for an individual wind turbine in the given period. The record was achieved on 1 September while the wind farm offshore the... Continue Reading →
(OW) New and existing offshore wind farms could help generate large amounts of green hydrogen and support the UK and EU meet their net zero targets, if the necessary infrastructure can be put in place, according to a new report commissioned by Crown Estate Scotland. The “Commercial Models for Future Hydrogen Production” report, written by Xodus Group,... Continue Reading →
(Reuters) - SLB (SLB.N) is on track to add about $5 billion in revenue this year, and sees similar potential for growth in 2024, mainly helped by increased drilling in international markets, CEO Olivier Le Peuch said at a conference on Wednesday. SLB, the world's largest oilfield service company and former Schlumberger, is betting on a recent... Continue Reading →
Philip Lewis, Contributor (OE) Global floating wind capacity will have grown from less than 200 MW at the end of 2022 to around 61 GW of grid connected capacity by 2035. This activity will require over $250 billion in capital expenditure. Over 75% of the forecast activity is expected to come from four countries. The global... Continue Reading →
(Reuters) - TotalEnergies' (TTEF.PA) Chief Executive Patrick Pouyanne will visit Suriname next week with the possibility of "good news" on developing oil projects in the South American country, he said on Wednesday at a conference. France's TotalEnergies (TTEF.PA) and partner U.S. APA Corp (APA.O) are expected to make a final investment decision by the end of 2024 for block 58, Suriname's... Continue Reading →
(Reuters) Shell and Trinidad and Tobago's National Gas Company (NGC) are close to agreeing to credit Venezuela's state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to the discussions said. If agreed, the move could help speed a long-stalled offshore development. The U.S. in January... Continue Reading →
Brazil Energy Insight 