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(Bloomberg) Electricite de France SA is betting that wind turbines at sea — already the size of skyscrapers — will be about 50% more powerful at the start of the next decade when it completes the country’s largest offshore farm. The French utility expects even larger machines to contribute to higher output when it builds... Continue Reading →
(Reuters) - Private equity firm Apollo Management has made what it said was a final offer to buy John Wood Group (WG.L) for 1.66 billion pounds ($2.1 billion) in cash, after the British oilfield services and engineering firm rejected four earlier proposals. The 240 pence per share bid represents a premium of about 55% to Wood's closing... Continue Reading →
(Reuters) - Exxon Mobil Corp's (XOM.N) Low Carbon business has the potential to generate hundreds of billions of dollars in revenue and outperform the company's traditional oil and gas as soon as a decade from now, CEO Darren Woods said. The largest U.S. oil producer on Tuesday laid out to investors the aims of its emerging energy transition strategy... Continue Reading →
(OEM) In the aftermath of geopolitical challenges, energy and climate crises along with economic side effects from the turbulent events that marked 2022, the UK is pivoting towards renewable and low-carbon energy in a push to strengthen energy security, outlines the new report from the Energy Industries Council (EIC), an energy industry trade association and... Continue Reading →
(OE) UK's Offshore Renewable Energy Catapult (ORE Catapult) said Tuesday that the biggest offshore wind ‘living lab’ in the world would be created off the Grimsby coast through the development of a 5G Testbed that includes Grimsby Port and the Lynn and Inner Dowsing wind farm. According to ORE Catapult, the £2.8 million project will... Continue Reading →
(OE) UK-based offshore wind developer SSE Renewables and Asia Pacific-focused renewable energy developer Equis have formed a joint venture to bid for a feasibility license to develop, construct, own, and operate an offshore wind farm project in Australia. The wind farm site is in Australia’s first Federal Government-declared offshore wind zone of Gippsland, near the... Continue Reading →
(OE) Energy expert and assurance provider DNV has launched a joint industry project (JIP) alongside wind farm owners, turbine manufacturers, and other sector experts to increase confidence in innovative wind farm control (WFC) technology. According to DNV, WFC covers the models and procedures required to control each turbine in a wind farm through approaches such... Continue Reading →
Karoon Energy announced that it has temporarily stopped production at Baúna and Patola, in the Santos Basin, due to a loss of containment incident associated with the high pressure flare at FPSO Cidade de Itajaí. Altera&Ocyan, operator of the FPSO, mobilized a team of specialists to identify the source of the leak and carry out... Continue Reading →
Greek cable manufacturer Hellenic Cables has been selected by the European Commission to take part in delivering the Infinite project aimed at accelerating industrial-scale floating wind. The Infinite project includes the deployment and testing of a 4.8 MW floating wind pilot system at a 100-meter water depth and the creation of a disruptive and environment-friendly concrete... Continue Reading →
Offshore drilling firm Seadrill said Tuesday it had completed the previously proposed acquisition of Aquadrill, a company previously known as Seadrill Partners. In connection with the completion of the transaction, Seadrill issued an aggregate 29,866,505 common shares to former Aquadrill unitholders and equity award holders, resulting in issued share capital of $798,665.03 divided into a... Continue Reading →
Brazil Energy Insight 