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TotalEnergies is investing massively in renewable energy and clean and sustainable fuels, with one third of its investments now being made in these sectors as the company, most of whose currently operational projects are still in the oil & gas sector, moves towards a goal of having 50 per cent of its energy mix in... Continue Reading →
High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more exploration. South America is set to continue to be a... Continue Reading →
German offshore wind farm developer RWE has selected Siemens Gamesa's SG 14-236 DD offshore wind turbines, of almost 15 MW each, for its Thor wind farm in the Danish North Sea. With its 1GW capacity, Thor will be Denmark's largest offshore wind farm once completed. Under the Preferred Supplier Agreement signed with RWE Siemens... Continue Reading →
(Reuters) - India will annually invite bids for 8 gigawatt projects each year to the end of 2030 under a new auction process, a government order said. The bidding model has been modified from electronic reverse bidding where the participants reduce their offer price to bag the contracts based on the lowest bid. The auction... Continue Reading →
Panduit, a US provider of electrical and network infrastructure solutions, has bought the subsea cable and pipe protection product portfolio and related technologies from South Korea marine manufacturer DongWon EN-Tec (DWE). The product portfolio covers URAPROTECT, a polyurethane submarine cable and pipe protector solution, bend stiffeners and restrictors, and J-Tube seals for wind turbine applications. ... Continue Reading →
Community Offshore Wind, a joint venture between RWE Renewables and National Grid, has started its geophysical survey campaign in the New York Bight. The survey campaign, managed by Fugro, will study seabed conditions and potential export cable corridors within the project lease area. The data collected will help inform safe and responsible project design and... Continue Reading →
UK-headquartered Afentra plc has received approval from the Angolan Ministry of Mineral Resources, Oil and Gas for the acquisition of INA-Industrija Nafte’s interest in two blocks offshore Angola. Afentra is acquiring from INA-Industrija a 4 per cent interest in Block 3/05 and a 4 per cent interest in Block 3/05A, pursuant to a sale and purchase agreement... Continue Reading →
(OED) The Malaysian FPSO leasing company Yinson has completed the 16-year contract for FPSO Adoon in Nigeria as the client Addax decided to buy the FPSO. The contract for the FPSO which has been operating at Block OML 123 offshore Nigeria, had an original term of 8 years until 2014, with the option to extend... Continue Reading →
Dutch offshore wind farm developer Eneco has signed a 5-year crew transfer vessel charter and partnership agreement with offshore vessel owner Windcat. The deal entails the transport of technicians offshore and will also allow the companies to collaborate on the decarbonization of Eneco’s marine logistics using Windcat’s hydrogen dual-fuel solutions. The first vessel for this... Continue Reading →
(OE) Welligence expects global offshore exploration drilling activity in 2023 to remain relatively steady year-on-year. The majors will drive much of the activity in their core regions, along with Petrobras, the world’s leading deepwater operator. And while there are far fewer independents active in the offshore today compared to 10 years ago, Welligence still anticipates... Continue Reading →
Brazil Energy Insight 