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(OW) The first Siemens Gamesa wind turbine for the 25 MW Provence Grand Large floating offshore wind farm has been assembled in France. The floating wind farm will comprise three Siemens Gamesa 8 MW wind turbines installed on tensioned line floats and designed by SBM Offshore and IFP Energies Nouvelles. The turbine components, manufactured at Siemens Gamesa’s factory... Continue Reading →
Brazilian offshore support vessel service company OceanPact has acquired two AHTS vessels, Skandi Saigon and Skandi Pacific, from Akastor's subsidiary DDW Offshore. OceanPact chartered the two vessels in March 2021 to support Petrobras' operations, with OceanPact having a purchase obligation at the end of the bareboat term. "Following the expiry of the charter period, both vessels are now... Continue Reading →
(OM) Seaway7 recently concluded its scope on SSE Renewables and TotalEnergies's Seagreen Offshore Wind Farm, after almost two years of offshore construction. The EPCI scope for both foundations and cables on the project was one of the largest contract scopes delivered in offshore wind to date. Seaway7 implemented suction bucket foundation technology on jackets to overcome the difficult... Continue Reading →
(Reuters) - TotalEnergies (TTEF.PA) said on Tuesday that it would take full control of renewable energy company Total Eren, increasing its stake from 30% in the company to full ownership. TotalEnergies said that as part of the transaction, Total Eren would be valued on an enterprise value basis at 3.8 billion euros ($4.2 billion), and that the... Continue Reading →
(epbr) The government of Rio de Janeiro announced its intention to develop a first pilot project for offshore wind power generation, to test the technical viability and development potential of large-scale projects. The work will be coordinated by the State Secretariat for Energy and Economy of the Sea. “The pilot project is essential for evaluating,... Continue Reading →
Denmark-based offshore wind developer Ørsted has signed an agreement with funds managed by Schroders Greencoat, a global specialist asset manager focusing on renewable energy infrastructure assets, to divest its remaining 25% minority interest in the London Array Offshore Wind Farm in the UK. The total value of the transaction is GBP 717 million (currently around... Continue Reading →
(Reuters) Renewables investor Octopus Energy Generation plans to invest $20 billion in offshore wind by 2030, aiming to boost energy security and reduce dependence on fossil fuels, it said on Monday. The firm, part of Octopus Energy Group, said the investment will generate 12 gigawatts (GW) of renewable electricity each year, enough to power 10... Continue Reading →
(Reuters) Venezuelan expects to sign licenses by year-end for developing the nation's vast natural gas reserves, oil minister Pedro Tellechea said on Friday, even amid U.S. sanctions. Most of the South American country's gas reserves remain undeveloped after decades of insufficient investment, contract changes and - in recent years - U.S. sanctions to oust President... Continue Reading →
(Reuters) - Chevron Corp's (CVX.N) second-quarter earnings topped Wall Street estimates, the company said on Sunday, and Chief Executive Michael Wirth also signaled the number two U.S. oil company remains open to more acquisitions and to increasing shareholder distributions this year. In a rare preview of its results that coincided with the announced retirement of its finance... Continue Reading →
(Reuters) Guyana's Vice President Bharrat Jagdeo on Thursday said the government will not take action against a local Exxon Mobil Corp contractor after Reuters reported its owners are under a U.S. criminal investigation. Last Friday, Reuters disclosed that U.S. government officials repeatedly warned Exxon against doing business with two Guyanese mining magnates who are involved in a... Continue Reading →
Brazil Energy Insight 