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Portuguese energy company Galp has decided to join forces with French energy major TotalEnergies to explore the potential development of wind projects offshore Portugal. The partnership combines Galp’s knowledge of the Portuguese market with TotalEnergies’ expertise in large-scale offshore wind projects, according to the press release. The partners said that they intend to contribute with... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) and Guyana are in talks over which unexplored offshore areas will be returned to the government, people close to the discussions said, as the nascent oil nation seeks to attract new operators to the country. The Exxon-led consortium that controls offshore production in Guyana this year was required to return 20%... Continue Reading →
(OE) After a slowdown in activity during 2020/2021 due to soft commodity prices, demand for FPSOs is picking up. With exploration hotspots like Namibia’s Orange Basin and the East Mediterranean delivering new finds, the FPSO market outlook is healthy. But shipyard capacity constraints are beginning to weigh on delivery, leading to cost concerns. Furthermore, FPSO... Continue Reading →
Hammerfest Energy and Varanger Kraft have decided to join the Blåse Energi consortium focused on developing floating offshore wind projects in Norway. According to the press release, Hammerfest Energi and Varanger Kraft will contribute with expertise around grids and grid planning, as well as dialogue with the Norwegian authorities. “Offshore wind is a new area... Continue Reading →
(TN) In the coming years, Rio Grande do Norte should become one of the main locations for the study and development of technologies aimed at installing offshore wind farms in the country. The statement was made by the president of Petrobras, Jean Paul Prates, during a press conference held to detail how the company will... Continue Reading →
SBM Offshore is pleased to announce it has signed the project financing of FPSO Alexandre de Gusmão for a total of US$1.615 billion. The project financing is provided by a consortium of 12 international banks with insurance cover from 3 international Export Credit Agencies (ECA). The financing is composed of four separate facilities with a... Continue Reading →
(Reuters) - BP (BP.L) and Orsted (ORSTED.CO) have resolved a dispute over an overlapping zone in the UK North Sea between the BP-led Endurance carbon capture project and the Danish firm's planned Hornsea 4 windfarm, the companies said in a letter published by UK authorities. Britain granted preliminary licences for both proposed projects more than a decade ago, when an overlap... Continue Reading →
(OW) Equinor has entered into a long-term partnership agreement with Wergeland Group as the preferred supplier for the fabrication of foundations and the assembly of turbines for floating offshore wind. At the same time, Equinor and partner Vårgrønn confirm which floater concept will be developed for the Utsira North (Utsira Nord) project. The facilities at... Continue Reading →
Philip Lewis, Contributor (OE) The energy transition is moving ahead amid recovery in offshore oil & gas and growth in offshore wind, leaving vessel owners that serve these markets with big questions about energy carrier and energy converter selection for their newbuilds.What is driving the change? The foundations of energy transition in the offshore and marine... Continue Reading →
The 759 MW Hollandse Kust Noord offshore wind farm has produced its first green power and delivered it via TenneT’s offshore grid to the Dutch mainland. “We often talk about milestones along a project’s journey, and CrossWind has had a number to date, but to have the wind turbines generating green electricity safely and successfully... Continue Reading →
