Offshore Engineer - Insight - Page 2

 

How Big Oil Won the Bidding for German Offshore Wind Sites

Jul 14, 2023

Energy majors BP and TotalEnergies have won a 7 gigawatt (GW) offshore wind site auction in Germany worth a record 12.6 billion euros ($14.1 billion), allowing them entry to the central European market without a partnership.Previous auctions have been won by consortia…

Green Hydrogen Could Be a Game Changer... If Prices Come Down

Jun 22, 2023

As the global economy moves away from fossil fuels, green hydrogen could be critical to achieving a zero-carbon world by 2050.Green hydrogen offers a solution to decarbonizing “hard-to-abate” industries such as steel and fertiliser production…

UK Tax Sweetener Won't Stop Plummeting North Sea Oil, Gas Output

Jun 12, 2023

Once one of the world's key energy sources, Britain's North sea oil and gas output is poised for a further slump after shrinking by two thirds in the past 20 years, leaving the country increasingly dependent on imports. A windfall tax introduced…

FACTBOX- Potential Bidders for Norway's First Offshore Wind Areas

Mar 29, 2023

Norway on Wednesday opened tenders for two areas in the North Sea to build wind parks that could produce some 3 gigawatt (GW) of electricity, in a first step towards a goal of producing 30 GW by 2040, garnering strong interest from energy firms…

Oil and Gas Profits Fuel UK Worker Demands for Just Energy Future

Mar 06, 2023

When Scott Agnew worked on deep sea oil and gas tankers and cargo boats in the 1980s, he used to count whales and dolphins for conservationists' surveys on his voyages around the world.Based in Dundee, Scotland, many of his jobs over the years have been for the offshore fossil fuel industry…

Floating Wind to Drive U.S West Coast Port Developments

Jan 30, 2023

In recent State of the Port address, the first held since 2020, the Port of Long Beach’s Executive Director Mario Cordero discussed the port’s plan to support California’s emerging floating wind industry.The Port of Long Beach has not yet been identified as a marshalling port for any one project…

Two Energy Giants, Two Green Projects: One Double-booking in North Sea

Jan 24, 2023

Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals…

First US Floating Wind Auction Closes

Dec 07, 2022

Five developers selected to build the first floating wind farms in U.S. federal watersTo support the California Energy Commission’s planning goals of 2-5 GW of offshore wind by 2030 and 25 GW by 2045 as well as a federal target to deploy 15 GW of floating wind by 2035…

Mexico's Pemex Had a Plan to Fix Its Flaring Problem, but Abandoned It

Nov 07, 2022

In late 2016, to avoid racking up fines for burning too much natural gas, Mexico's state oil company Pemex struck a deal with the regulator to invest over $3 billion to fix its flaring problem at its most productive set of oil fields.But five years on…

FACTBOX- Germany's LNG Import Project Plans

Oct 26, 2022

Germany is acquiring liquefied natural gas (LNG) terminals as part of its efforts to diversify away from Russian gas.It leased four floating storage and regasification units (FSRUs) in May, capable of importing at least 5 billion cubic meters (bcm) of seaborne gas per year each…

Nord Stream Gas 'Sabotage': Who's Being Blamed and Why?

Oct 06, 2022

Major leaks that suddenly erupted in the Nord Stream gas pipelines that run from Russia to Europe under the Baltic Sea have generated plenty of theories but few clear answers about who or what caused the damage.Here is what we know and what has been said so far:WHO IS BEING BLAMED…

UK Energy Plan Puts Investors, Banks in Tough Net-zero Spot

Sep 08, 2022

Britain's move to green-light dozens of new oil and gas fields will leave investors and banks with a tough PR job as Britain struggles to shore up its energy security whilst sticking to its climate commitments.Starting new oil and gas projects…

This Decade's Oil Boom is Moving Offshore - Way Offshore

Aug 31, 2022

Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects, including some in the remote iceberg waters far off Canada's Atlantic coast.Surging oil prices are encouraging the investments…

Big Oil Set to Cash in On Trillion-dollar Offshore Wind Prize

Aug 11, 2022

By Akif Chaudhry, Principal Analyst, Corporate Research, Wood MackenzieNo longer in its infancy, offshore wind is a proven technology on course to play a key role in the decarbonisation of the global economy. Over the next decade, the industry will attract almost US$1 trillion in new investment…

US Stays the Course Toward Offshore Wind Targets

Aug 04, 2022

The events of the last month have shown that, despite some negative factors, the impetus to continue to grow the U.S. offshore wind segment has lost little steam. The foundations are firmly in place to support the deployment of 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050…

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