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(Reuters) Ecuador will need to revise down its daily crude oil production target by some 40,000 barrels, equivalent to about 8%, its oil minister said, after state-run company, Petroecuador declared force majeure on three more oil blocks on Tuesday because of protests. Petroecuador had already declared force majeure on another block over the weekend, also... Continue Reading →
(OE) GreenIT, a joint venture between Plenitude (Eni) and CDP Equity (CDP Group), and Copenhagen Infrastructure Partners (CIP) through its Flagship Funds have signed an agreement to develop three floating offshore wind projects in Latium and Sardinia, Italy. The floating wind farms will be located roughly 30 km off the coast and have an overall... Continue Reading →
Offshore installation firm Subsea 7, Australian company Spark Renewables, and international floating wind farm developer Simply Blue Group have created a consortium to pursue floating offshore wind development offshore New South Wales (NSW), Australia, in the Hunter and Illawarra regions. According to the consortium, the recently declared Hunter-Central Coast and Illawarra Renewable Energy Zones offer good opportunities to... Continue Reading →
(Reuters) - Japan's top utility JERA has agreed to buy Parkwind, Belgium's largest offshore wind platform, for 1.55 billion euros ($1.7 billion), as it expands in renewable power to meet decarbonisation goals. JERA, a joint venture between Tokyo Electric Power Company Holdings (9501.T) and Chubu Electric Power Co Inc (9502.T), will add Parkwind's four offshore wind farms in... Continue Reading →
(Reuters) - Venezuela's state-run oil company PDVSA has accumulated $21.2 billion in accounts receivable, according to documents viewed by Reuters, after turning to dozens of little known intermediaries three years ago to export its oil under U.S. sanctions. The internal disclosure of the enormous amount of unpaid sales - about 84% of PDVSA's total value... Continue Reading →
The UK-headquartered company EGS Survey will carry out a survey campaign at the Muir Mhòr floating wind project site in Scotland, being developed by Fred. Olsen Seawind and Vattenfall. Starting next month, EGS Survey will be performing preliminary geophysical and environmental surveys using the vessel EGS Ventus, with the work to be conducted from Peterhead Port... Continue Reading →
(OEM) While energy and climate crises take their toll on countries worldwide, occasionally pulling them in different directions, the energy transition takes root, steadily gaining ground in pursuit of the low-carbon and green shift. As it is estimated that investments amounting to a whopping $10 trillion are needed for the U.S. to reach its net-zero by... Continue Reading →
Denmark-based offshore wind farm developer Ørsted has hired Havfram Wind to install wind turbines at its Hornsea 3 offshore wind farm in the UK. The installation of the turbines is expected to start in the autumn of 2026, with Havfram Wind set to use one of its newly built NG20000X Jack-Up Wind Turbine Installation vessels... Continue Reading →
Norwegian renewable energy developers Vårgrønn and Å Energi and global offshore wind specialist Corio Generation, on Tuesday launched a new Norwegian offshore wind company called the Brigg Vind, dedicated to developing sustainable offshore wind in Norway. The companies said that the Brigg Vind name paid homage to the strong maritime tradition and expertise of Norway,... Continue Reading →
Offshore seismic data specialist CGG, in a consortium with TGS and BGP, on Tuesday announced the completion of Phase IV of the deepwater 3D seismic survey offshore Suriname. Covering 1,800 sq km, Phase IV completes the programmed 14,500 sq km survey of newly acquired 3D data in deep and shallow water in the promising Guyana-Suriname... Continue Reading →
Brazil Energy Insight 