Excelerate Energy News


Excelerate Sequoia FSRU Starts Operations in Brazil

Dec 10, 2021

Excelerate Energy has started natural gas deliveries to the Brazilian market at the Bahia Regasification Terminal (TR-BA) in Salvador, Bahia, in Brazil.Excelerate's floating storage and regasification unit (FSRU) Excelerate Sequoia, which has an LNG storage capacity of 173…

Sea Trials Complete: Mocean Energy's Blue X Wave Energy Machine Returns to Shore

Nov 17, 2021

UK-based wave energy technology company Mocean Energy said Wednesday its Blue X wave energy machine had returned to dock after a successful five-month test period at sea.'In the last few days the 20-meter long, 38-tonne wave machine has been…

TechnipFMC Sells 9.9% Stake in Technip Energies for $233M

Sep 03, 2021

Energy industry services firm TechnipFMC said Friday it had sold a 9.9% stake in Technip Energies to Hal Investments for €196.2 million (~$233 million).Technip Energies was created in February 2021 after TechnipFMC completed its spin-off transaction to create two independent…

Excelerate, Petrobras Reach Deal on Bahia Terminal FSRU

Aug 30, 2021

Excelerate Energy will deploy one of its FSRUs in Bahia, Brazil, having recently successfully concluding negotiations with Petrobras over the tender process for the lease of the Bahia Regasification Terminal.Excelerate will deploy one of its…

Biden's Clean Energy Plan Critical to Revive Industry That Shed 840,000 Jobs in 2020

Jul 20, 2021

The U.S. energy sector lost 10% of its workforce last year due to the effects of the coronavirus pandemic, according to a report unveiled on Monday by U.S. government officials, who said President Joe Biden's clean energy plan was critical to reviving the industry…

Saipem Closes Purchase of Naval Energies' Floating Wind Business

Jul 13, 2021

Italian energy industry services provider Saipem is set to complete the acquisition of the French Naval Energies' floating wind business.The two companies first announced the agreement on June 4, and now all the necessary conditions for the completion of the deal have been fulfilled…

Excelerate's FSRU Starts Operations in Argentina's Bahia Blanca

Jun 03, 2021

Excelerate Energy’s floating storage and regasification unit (FSRU) the Exemplar has begun operations in Bahia Blanca, a port city located 400 miles south of the Argentine capital Buenos Aires.The Exemplar, with a storage capacity of 150,900 m3…

Wood to Conduct Pre-FEED for Irish Floating Wind Project

May 27, 2021

Early-stage floating wind farm developer Simply Blue Energy has hired engineering firm Wood for pre-FEED work related to its proposed Western Star floating offshore wind farm, to be located off the west coast of Ireland.Simply Blue Energy plans…

Ocean Energy Europe Names Co-Presidents, Directors

Apr 09, 2021

Marine renewable energy group Ocean Energy Europe (OEE) has appointed CorPower Ocean CEO Patrik Möller and Simon De Pietro from DP Energy as its new Co-Presidents. 'This pairing brings together both technology and project development perspectives…

Minesto, Schneider Electric to Build "Ocean Energy Farms"

Mar 12, 2021

Tidal energy developer Minesto said Friday it had signed an agreement with Schneider Electric to work together to develop and build ocean energy farms based on Minesto’s Deep Green technology.The collaboration between Minesto and Schneider Electric…

Fugro, dCarbonX Partner Up on Offshore Geo-energy Resources Development

Mar 11, 2021

Offshore surveyor Fugro has signed a strategic framework agreement with dCarbonX, a geo-energy resource company, which is working on 'decarbonization exploration projects' supporting the development of offshore geo-energy resources in the UK and Ireland…

BOEM Issues Lease for Wave Energy Research Project off Oregon

Feb 17, 2021

A pioneering project to build the U.S.’s first pre-permitted wave energy testing facility cleared a critical hurdle this week with a lease award from the Bureau of Ocean Energy Management (BOEM) to operate in federal waters about seven miles off the Oregon Coast…

Mocean to Test Blue X Wave Energy Converter at EMEC

Jan 29, 2021

Scotland-based wave energy technology company developer Mocean Energy is gearing up to deploy its scale prototype, Blue X wave energy converter at the European Marine Energy Centre (EMEC) in Orkney, Scotland.Mocean Energy has signed a berth agreement to test at EMEC’s Scapa Flow test site…

DNV GL Merges Oil & Gas and Power & Renewables Arms to Create Energy Systems

Jan 26, 2021

DNV GL said Tuesday it would combine its current Oil & Gas and Power & Renewables businesses into one new business area called Energy Systems.The quality assurance and classification firm which, among others, provides advisory services to the power…

Nakilat Takes Over Management of FSRU Exquisite

Dec 21, 2020

Qatar-based energy shipping company Nakilat said Monday it had assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate.The FSRU is jointly owned by Nakilat and Excelerate through a joint venture established in 2018…

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