Latest News for: Offshore auctions

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Govt asked to prioritise offshore exploration

Dawn 16 Apr 2021
At a round-table meeting with chief executives of the local and foreign exploration companies, a government team led by Minister for Energy Omar Ayub Khan, was also suggested to prioritise offering offshore blocks for auction in the next bidding round to attract more international exploration firms.
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Fed's decision removes second-largest potential NY wind farm from consideration

Newsday 15 Apr 2021
The federal government’s decision to nix two wind-energy areas off the Hamptons from an upcoming offshore lease auction removes the second biggest wind-energy area in the region while putting a greater onus on projects that would be located just 23 miles from New Jersey.
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Onshore wind key to climate targets and rural jobs boost, says KPMG report

The Irish Times 15 Apr 2021
The onshore sector will be essential to decarbonisation, it finds, as offshore wind begins scale up towards the end of the decade ... The Maritime Area Planning Bill was a top priority for the Government, and had to be in place this year to ensure the first offshore auction could take place next year, he added.
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Onshore wind key to climate targets and jobs, says KPMG report

The Irish Times 15 Apr 2021
The onshore sector will be essential to decarbonisation, it finds, as offshore wind begins scale up towards the end of the decade ... The Maritime Area Planning Bill was a top priority for the Government, and had to be in place this year to ensure the first offshore auction could take place next year, he added.
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DEME, Penta-Ocean to create JV for Japanese offshore wind

Renewables Now 14 Apr 2021
DEME Offshore, part of Belgian dredging group DEME, and Japanese marine contractor Penta-Ocean ... The move comes as Japan, which aims for 10 GW of offshore wind by 2030, is expected to hold its first wind farm auction round this year.
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Brazil Looks To Finance Fuel Subsidies With Oil Auctions

Oil Price 14 Apr 2021
... oil auction later this year, a source with direct knowledge of the government’s plans told Reuters this week.
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High stakes at sea in global rush for wind power

Taipei Times 12 Apr 2021
Global competition for offshore wind power is so hot that license auctions now resemble the oil and gas competitions of just a few years ago, and some of the names are familiar, too, as global oil majors move aggressively into renewable energy ... US President Joe Biden wants to deploy 30GW of offshore wind power by 2030.
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Finance Ministry outlines strategy to manage domestic debt risk

Ghana Web 12 Apr 2021
To address the forex risk associated with domestic bond redemptions by offshore investors, the government plans to undertake bond exchanges and buyback auctions in close coordination with the Bank of Ghana ... Of this, the share held by offshore investors stood at 18.5 percent, equivalent to GH¢27.69bn.
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Trade Associations Pen Letter Calling for Increased Port Spending

The Maritime Executive 12 Apr 2021
Offshore Wind Power Economic Assessment” found that the U.S ... The 15 active offshore wind lease areas and future areas to be auctioned need ports that have heavy-duty wharves, lay-down areas, manufacturing facilities, dredging, and other improvements to meet the specific requirements of the offshore wind industry.
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ONGC seeks buyers for KG gas, wants minimum $6.6 price

The Times of India 12 Apr 2021
Initially, 2 million standard cubic metres per day of gas has been offered for sale through an e-auction ... Earlier this month, Reliance Industries Ltd and its partner of UK sought bids for the sale of 5.5 mmscmd of additional natural gas that will be available for sale from their eastern offshore KG-D6 block.
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Petrobras agrees on rules for Sepia, Atapu offshore fields sale

Offshore Energy Today 12 Apr 2021
Brazilian state-run oil company Petrobras has approved an agreement with the government for compensation that must be paid to the company in the event of an auction of reserves in two offshore oil.. ... .
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Analysis: High stakes at sea in global rush for wind power

Metro USA 07 Apr 2021
LONDON(Reuters) – Global competition for offshore wind power is so hot that licence auctions now resemble the oil and gas competitions of just a few years ago, and some of the names are familiar too as global oil majors move aggressively into renewable energy.
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Norway's sovereign wealth fund pushes into renewables with $1.6 billion Orsted deal

Yahoo Daily News 07 Apr 2021
General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool ... Global competition for offshore wind power is so hot that licence auctions now resemble the oil and gas competitions of just a few years ago.
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Positioning to Develop Irish Offshore Wind Power Projects

The Maritime Executive 06 Apr 2021
market, OW will soon reach completion of the 950MW Moray East offshore wind farm, which was ground-breaking in terms of technology and cost ... The timeline for the survey program is designed to ensure that the Cailleach Offshore Wind Farm is well-positioned to bid into upcoming offshore specific RESS auctions.
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RIL, BP seek buyers for KG gas

The Telegraph India 04 Apr 2021
Reliance Industries Ltd and its partner BP Plc of UK have sought bids for the sale of 5.5 million standard cubic meters per day (mscmd) of additional natural gas that will be available for sale from their eastern offshore KG-D6 block. The e-auction is slated for April 23 and the ...
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