Wind energy firms EDP Renewables and Engie have formed a 50-50 joint venture company Ocean Winds (OW) focused on offshore wind developments.The formation of the JV company announced this week, has been in the making since May 2019, when the Engie and EDPR signed a memorandum of understanding to create a new entity as an exclusive vehicle of investment of EDPR and ENGIE for offshore wind opportunities worldwide…
Spanish oil and gas group Repsol returned to profit in the third quarter after a deep loss in the second, and suggested it could spin off some of its growing renewables business to maximize investment returns.Repsol, however, said it would cut…
Saitec Offshore Technologies' BlueSATH floating wind platform has been installed and commissioned in its final deployment site in El Abra del Sardinero, Santander, Spain. The BlueSATH was towed from Astander's Dock Pontejos towards its destination 800 meters away off the Cantabrian coast…
Wind turbine maker Siemens Gamesa expects the fallout of the COVID-19 pandemic will cut 1 billion euros ($1.2 billion) from its sales revenue in the full year, the German-Spanish manufacturer said on Thursday.The company said the impact will be harsher than previously expected…
Spanish Foreign Minister Arancha Gonzalez Laya said on Tuesday she hopes the will shown by Turkey to open a dialogue on oil drilling in the Eastern Mediterranean will be followed by action.Turkey is at loggerheads with Greece and Cyprus over overlapping claims for offshore reserves…
Spain's foreign minister said that talks in Turkey on Monday had helped to reduce tensions between some European Union members and Ankara over Turkish energy exploration in the Mediterranean, adding that a one-month pause in drilling was possible…
Spanish oil and gas firm Repsol posted a quarterly net loss and wrote down $1.5 billion in assets on Thursday as it revised down unusually high expectations for oil and gas prices over the next 30 years.The demand-sapping COVID-19 crisis has…
Floating wind turbine developer Saitec Offshore Technologies is installing bird monitoring collision risk reduction system at its BlueSATH testing project, Saitec's first offshore wind deployment in Spain.BlueSATH testing project will take place…
Greenalia, a Spanish company working to develop a floating offshore wind farm in the Canary Islands, has joined WFO (World Forum Offshore Wind), The first worldwide association with an exclusive focus on promoting offshore wind energy internationally…
Spain's National Administrative Tribunal agreed on Monday to extradite Emilio Lozoya, former chief executive of oil company Petroleos Mexicanos, to Mexico, the court said in a statement.Lozoya, 45, is wanted in Mexico on charges including bribery…
Spanish renewable energy giant Iberdrola has struck a deal giving it an option to acquire stakes in up to eight offshore wind projects in Sweden.Iberdrola has signed the agreement with the renewables company Svea Vind Offshore AB (SVO) for the…
Iberdrola, through its French subsidiary Ailes Marines, has awarded the Navantia-Windar UTE consortium a contract to build 62 jackets for the or the Saint-Brieuc offshore wind farm which the energy company is developing off the coast of Brittany…
Spain's Repsol reported a 28% fall in first-quarter profit on Tuesday, becoming the latest oil and gas company to show the deep damage done to its balance sheet by the coronavirus laying waste to energy demand.Oil prices fell 65% in the period…
Spanish oil and gas company Repsol has confirmed that an employee at the company’s commercial delegation in Andalucia has been diagnosed with coronavirus (COVID-19).'The employee began to display symptoms over the weekend and did not go to work on Monday…
RWE Renewables and Saitec Offshore Technologies will jointly start testing a floating platform for wind turbines off the Basque coast in 2021 as part of the project called 'DemoSATH,' aimed at reducing floating wind development cost.According to the joint statement…
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