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(Reuters) - Europe's offshore renewable energy industry is not big enough to deliver governments' goals to rapidly expand green power, and requires a jump in policy support and funding to get on track, European companies from the sector said on Monday. The companies' joint call comes as leaders from nine countries including Germany, France and... Continue Reading →
(Reuters) After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. But it's unlikely to be all plain sailing. Rising costs and supply chain bottlenecks have hit some projects and without investment in infrastructure to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has received Official Letter nr. 299/2023/GM-MME, by means of which the Ministry of Mines and Energy has requested information, based on Article 26, item II, of Decree-Law nr. 200, to assist the Civil House in the preparation of the new Growth Acceleration Program. Thus, in response to... Continue Reading →
(OM) ProCon Wind Energy, IWS Fleet and IWS Services have teamed up to offer a one-stop operations and maintenance service for offshore wind turbine foundations and substations. The package encompasses IWS Fleet’s new service vessels, IWS Services’ supply chain management and ProCon’s maintenance offering, avoiding a requirement for multiple sub-suppliers and interfaces. IWS Fleet’s hybrid vessels are... Continue Reading →
(Reuters) - Energy ministers from European countries surrounding the North Sea are set to pledge to quadruple offshore wind energy capacity by the end of the decade as they aim to turn the region into an engine of renewable power. Seven European Union countries, including Germany, France and the Netherlands, alongside non-EU countries the United... Continue Reading →
(OED) Singapore-based shipbuilding company Strategic Marine has commissioned a study to compare the efficiency of traditional diesel-powered and hybrid-powered crew transfer vessels (CTVs). The study will be conducted by the Maritime Energy and Sustainable Development Centre of Excellence (MESD CoE) at Nanyang Technological University, Singapore (NTU Singapore). It will assess the difference in energy and... Continue Reading →
(OE) On Friday, Australian oil and gas giant Woodside said that its Sangomar development project offshore Senegal was 82% complete and on target for first oil later this year. Once online, this will be Senegal's first offshore oil project in production. Woodside, the operator of Sangomar, said in its first quarter report that the development... Continue Reading →
(OE) German renewable energy firm RWE said Thursday it would be the first developer in the world to utilize Siemens Gamesa’s GreenerTower at its Danish offshore wind farm Thor. The tower steel plates are made of greener steel that produces at least 63 percent less CO2 emissions compared to conventional steel. According to RWE, 36 of... Continue Reading →
(OE) Oil and gas company Sintana Energy said Friday that over 50% of 3D seismic survey data has been gathered from Petroleum Exploration License 87 (“PEL 87”) and the surrounding area in the Orange Basin offshore Namibia. To remind, Australian oil giant Woodside in March signed an option agreement to acquire at least a 56%... Continue Reading →
(Reuters) SLB beat Wall Street estimates for first-quarter profit on Friday, as elevated crude prices and tight supplies fueled demand for its oilfield services. Global crude prices averaged $81.24 a barrel in the January-March quarter, down nearly 20% from a year earlier but still well above a level where oil and gas producers can drill... Continue Reading →
Brazil Energy Insight 