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(OE) Spanish offshore wind developer Iberdrola said Friday it had installed the first wind turbine at the offshore farm in the bay of Saint-Brieuc, France. The installation of the first of 62 wind turbines for the Saint-Brieuc wind farm was carried out on May 12 by Siemens Gamesa Renewable Energy. This operation was carried out... Continue Reading →
(Reuters) Prysmian, the world's largest cablemaker, said on Thursday its core earnings jumped 48% in the first quarter, beating estimates, as it continued to profit from global trends in energy transition and electrification. However, despite strong quarterly results, the company refrained from upgrading its forecasts for its full-year adjusted earnings before interest, tax, depreciation and... Continue Reading →
(OW) Ireland has selected four projects with a combined capacity of nearly 3,100 MW in the first offshore wind auction under the Renewable Electricity Support Scheme (ORESS 1). The four projects are the 1,300 MW Codling Wind Park owned and developed by a 50/50 joint venture of Fred. Olsen Seawind and EDF Renewables; the 824 MW Dublin Array owned... Continue Reading →
TotalEnergies has announced that it is joining two consortia led by Ocergy and Esteyco which recently were awarded Phase One of the FLoating Offshore Wind ReadINess (FLOWIN) Prize by the US Department of Energy (DOE). OCG-Wind Full Cycle is a project by Ocergy that is being developed in Oakland, California. The company, one of whose shareholders... Continue Reading →
Dear shareholders and investors, I am very proud to share with you the first quarterly results of Petrobras under our management. Since I became CEO, in January, I have been working so that Petrobras can become more efficient, financially healthy and inclusive, where people are the focus of decisions and the top priority. If today... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors (BoD), at a meeting held today, approved the payment of shareholder remuneration in the amount of R$ 1.893577 per outstanding common and preferred share, as anticipation for 2023, declared based on the balance sheet of March 31, 2023. Additionally, the BoD determined that the... Continue Reading →
(Valor) American fund manager Oaktree entered the dispute for Ocyan, Novonor's (formerly Odebrecht) oil and gas company, Pipeline learned. Oaktree and another American fund, EIG Global Energy Partners, are in the final stages of a non-binding process of evaluating numbers for a purchase proposal. Investors had access to the data room and the deadline for... Continue Reading →
A collaboration between Cambridge Vacuum Engineering (CVE), SSE Renewables, Sif Group, and TWI, has resulted in what is said to be the first-ever electron beam welded section to be incorporated in an offshore wind turbine monopile foundation (transition piece). The resulting monopile is set for installation in the second phase of Dogger Bank Wind Farm,... Continue Reading →
(Reuters) Colombia's majority state-owned energy company Ecopetrol will be more aggressive in exploring for oil under existing contracts, Chief Executive Ricardo Roa said on Wednesday, as the company warned external factors including weather and security issues could hit production. Ecopetrol, Colombia's biggest company and largest producer of oil, on Tuesday reported a 14% fall in first-quarter net... Continue Reading →
(OE) The month of May brings a mixed bag of news for offshore wind in the United States, as outlined in the latest U.S. Offshore Wind Report from business intelligence firm Intelatus Global Partners. In the "positive" category, Intelatus said federal permitting of projects continues on schedule, and states continue to plan to procure and... Continue Reading →
Brazil Energy Insight 