Extreme temperatures across Asia are driving up liquefied natural gas (LNG) demand in the region as importers seek cargoes ahead of summer, with imports in South Asia hitting records.This could tighten available supply and further lift Asian spot prices that have already gained a third since April…
New Jersey officials said the state will receive $125 million from a legal settlement with Denmark's Orsted ORSTED.CO over the company's cancellation last year of two offshore wind farm projects.The New Jersey Board of Public Utilities said…
Brazilian President Luiz Inacio Lula da Silva may soon discover that swapping the CEO of Petrobras PETR4.SA is not enough to turn the state-run oil company into the engine for job creation and development it was during his first 2002-2010 terms…
It certainly has been an active few months in the U.S. offshore wind space.Despite some ongoing issues, the fundamentals are looking surprisingly positive in the context of what has taken place over the last 12 months. In fact, the key concern…
The incoming Dutch government said on Thursday it will aim to expand offshore natural gas extraction and nuclear energy production as part of plans to reduce the Netherlands' dependence on 'unreliable countries.'In its draft coalition pact,…
Europe's largest utility Iberdrola will keep betting on offshore wind in the coming years, roughly tripling the value of its assets in the sector to 17 billion euros ($18 billion), Executive Chairman Ignacio Sanchez Galan told shareholders on Friday…
Altera Infrastructure has appointed AGR, part of ABL Group, to conduct an independent third-party storage evaluation of the Havstjerne CO2 storage license offshore Norway.In late March 2023, the Norwegian Ministry of Energy awarded Altera Infrastructure…
First power from Ørsted’s Gode Wind 3 offshore wind farm in the German North Sea is now feeding the grid.Offshore wind construction company Cadeler reports its wind turbine installation vessel (WTIV) Wind Osprey recently installed the first Siemens Gamesa 11-megawatt (MW) turbine at the project…
U.S. oil and gas production rebounded sharply in February after extensive disruption the previous month caused by freezing wells and other outages stemming from Winter Storm Heather in the middle of January.Nationwide crude and condensates output jumped by 0…
Australia on Wednesday gave the go-ahead for six projects to study the feasibility of building wind farms in waters off its southern coast as it looks to ramp up renewable energy to meet its net zero emission target by 2050.Six others could…
Exxon Mobil Corp will shut down two offshore oil production projects in Guyana for two weeks each, between July and August, to connect a natural gas pipeline, the company's country head Alistair Routledge told reporters in Georgetown on Tuesday…
The Biden administration on Tuesday unveiled a plan to sell offshore wind leases in waters off the coasts of Maine and Oregon later this year, saying projects in those regions could one day power a total of 6 million homes.The proposed sales…
Brazilian state-run oil company Petrobras said on Monday that its crude oil production during the first quarter rose 4.4% compared to the same period last year.Petrobras pumped 2.24 million barrels per day (bpd) in the period, the firm said in a statement…
At a high-level, there are three solutions to transferring technicians from shore bases to offshore wind farms for construction and O&M activities: crew transfer vessel (CTV), helicopter, and SOVs/CSOVs.SOVs and CSOVs generally house 60-120 technicians offshore for a few weeks at a time…
New York State on Friday stalled three major offshore wind-energy projects after General Electric Vernova GE.N changed the turbine design, which the state said 'materially altered' the plans.New York provisionally approved the projects in October 2023…