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(OE) Norwegian energy regulator NVE on Tuesday recommended 20 areas suitable for deploying offshore wind farms that will help meet a 2040 target for 30 gigawatts (GW) of capacity. The areas, dotted along Norway's vast coastline, were the ones believed to offer the least potential for conflict and could fit more than 30 GW, NVE... Continue Reading →
(OE) Danish offshore wind installation firm Cadeler said Tuesday it had signed two contracts with Ørsted for the Hornsea 3 offshore wind farm in the UK. Cadeler said that together, the two contracts constitute a very large contract award. Cadeler classifies a very large contract as being worth between 500-700 million EUR. The first contract... Continue Reading →
Fugro has completed what is said to be the world’s first fully remote ROV inspection of an offshore wind farm using its Blue Essence uncrewed surface vessel (USV). The operations were carried out at the Aberdeen offshore wind farm in the North Sea, also known as the European Offshore Wind Deployment Centre (EOWDC) using one... Continue Reading →
(Reuters) Colombia's majority state-owned oil company Ecopetrol will use new technology, including artificial intelligence, to improve exploration success rates and boost output from existing fields, new Chief Executive Ricardo Roa said on Monday. Roa officially took over as CEO on Monday following his appointment earlier this month, replacing former chief Felipe Bayon amid a push... Continue Reading →
(OE) Danish wind turbine maker Vestas said Tuesday it had won an order from Hibiki Wind Energy to supply being turbines for the Kitakyushu-Hibikinada offshore wind farm project in Japan. The offshore wind project is located offshore Kitakyushu city, Fukuoka prefecture. Under the wind turbine order, Vestas will supply and install 25 V174-9.5 MW offshore... Continue Reading →
(OE) Gazelle Wind Power, a Dublin-based developer of foundations for floating offshore wind farms, is unveiling third-generation technology this week at a wind industry event in Denmark. The company said its enhanced design "further refines Gazelle’s solution to address the primary challenges facing the offshore wind industry—such as cost, supply chain bottlenecks, and sustainability—by providing... Continue Reading →
(Reuters) Halliburton Co reported a higher first-quarter profit on Tuesday, wrapping up upbeat earnings from the world's top oilfield services providers as higher oil prices encouraged drilling activity and boosted demand for services and equipment. Global oil futures are currently trading around $82 a barrel, down about 20% from a year ago but remain well... Continue Reading →
(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 →
Brazil Energy Insight 