A new storm-resistant ocean energy prototype has been installed off the coast of Gran Canaria, developed under the EU’s Horizon Europe-funded PLOTEC project, as a next step in harnessing ocean thermal energy conversion (OTEC) as a source of renewable energy…
Australia's Victoria state has postponed its inaugural auction for offshore wind farm funding, citing global investment hurdles, in a setback to an industry deemed vital to the country's transition from coal-fired power to renewable energy.The…
Eoliennes en Mer Dieppe Le Tréport (EMDT), a joint venture Ocean Winds, Sumitomo Corporation, and Banque des Territoires, has installed the first wind turbine foundation for the 496 MW offshore wind farm, being built in Normandy.The 496 MW offshore wind farm is located 17 km off Dieppe and 15…
Equinor has pulled out of the Australian Novocastrian Offshore Wind Farm project which was planned for a location about 20 kilometers offshore from off Newcastle.It was partnered with Australian company Oceanex on the A$10 billion ($6.5 billion)…
Optimistic over Angola’s untapped gas potential, Azule Energy is considering another gas exploration well after leading the country’s first drilling campaign targeting gas and hitting success last month, the CEO told Reuters.Angola expects gas…
Exxon Mobil could invest as much as $21.7 billion in Trinidad and Tobago if the U.S. energy major finds reserves in a large deepwater area it was awarded on Tuesday to explore for oil and gas in the Caribbean country, Energy Minister Roodal Moonilal said…
Four jacket foundations have departed from Navantia Seanergies’ facilities in Fene, Spain, towards the 496 MW Dieppe Le Tréport offshore wind farm being built in France.Each of these 1,200-tonne structures is part of an offshore wind farm developed by Les Éoliennes en Mer…
Abu Dhabi state-owned renewables company Masdar reported a 2024 profit of 412 million dirhams ($112.18 million) on Thursday, reversing a 44-million-dirham net loss recorded the previous year.The company's total assets more than tripled in the year ending December 31…
Italian offshore services provider Next Geosolutions (NextGeo) has secured two new contracts from Prysmian, worth $23.5 million, to deliver its services for Bay of Biscay interconnection project and offshore wind farm developments in the Netherlands…
The United States is preparing to grant new authorizations to key partners of Venezuela's state-run PDVSA, starting with Chevron, to allow them to operate with limitations in the sanctioned OPEC nation and swap oil, five sources close to the matter said on Thursday…
Bibby Marine has laid the keel for its 6,700GT electric Commissioning Service Operation Vessel (eCSOV) at the Armon Shipyard in Spain, marking the start of construction for the first of its kind hybrid-powered vessel that will operate on zero-emissions…
Ocean Winds (OW), a 50-50 joint venture by EDP Renewables and ENGIE, has installed the offshore electrical substation for the Dieppe – Le Tréport offshore wind farm (EMDT), a project developed in consortium with Sumitomo Corporation and Banque des Territoires…
Electric Power Development Co. (J-POWER) has joined the WHEEL project, a floating offshore wind power demonstration project in Gran Canaria, led by Spanish firm Esteyco.In the demonstration project, a floating offshore wind turbine, rated at 6…
Only three months after coming on stream, Equinor’s Johan Castberg field in Barents Sea has started producing at peak capacity of 220,000 barrels of oil per day.The field’s peak production achievement increases energy deliveries from the Barents Sea by 150%…
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