Latest News for: Offshore auctions


7 Best Energy Stocks to Buy in 2021

Yahoo Daily News 23 Feb 2021
Energy stocks are rebounding. Oil companies faced lower demand for a portion of 2020, weighing their stocks down to 52-week lows. Shares have rebounded as crude oil prices rise in 2021, with more demand and extremely cold temperatures across the U.S ... The U.S ... (ticker. XOM) and Royal Dutch Shell (RDS.A) ... Chevron Corp. (CVX) ... 31, 2020 ... offshore wind auction ... .

Harnessing the Wind

The Maritime Executive 22 Feb 2021
The first European offshore wind farm was installed off Denmark in 1991, opening a new chapter for the industry. Today, although offshore wind continues to show significant growth, 89 percent of wind-generating capacity in the E.U ... Offshore, the U.S ... Projections for cheaper offshore wind farms rely on bids in recent power auctions.

The Energy Bulletin Weekly 22 February 2021

Resilience 22 Feb 2021
In the US, offshore wind ... The Bureau of Ocean Energy Management has rescinded the Gulf of Mexico oil and gas lease planned for March, effectively canceling this auction as part of the Biden Administration’s review of new drilling activities on federal land and in offshore waters.

Plans for Spain’s First Large Floating Offshore Wind Farm

The Maritime Executive 18 Feb 2021
Plans were unveiled for Spain’s first industrial-scale floating offshore wind farm ... In Denmark, Iberdrola has recently agreed to participate with Total in the country's upcoming auction for the 1 GW Thor offshore wind farm. By 2025, Iberdrola expects to reach 60 GW of installed renewable capacity worldwide, of which 4 GW will be offshore wind.

Interior postpones March oil leases onshore and offshore

Tyler Morning Telegraph 14 Feb 2021
Low interest and small attendance at offshore lease sales covering different parts of the Gulf of Mexico prompted President Barack Obama’s administration to combine them ... “Canceling this huge offshore Gulf oil auction helps protect our climate and life on Earth,” said Kristen Monsell of the Center for Biological Diversity.

Queen's property chief delays sale of Scottish seabed windfarm plots

The Observer 12 Feb 2021
BP took its first step into the UK’s offshore wind sector during last week’s auction with bids for two windfarms worth 15 times the rate paid by developers in the past, raising concerns within the industry that the rocketing seabed prices would inflate the cost of reaching the UK’s climate targets.

Debate continues as Biden administration cancels March oil lease sale in Gulf of Mexico

Daily Comet 12 Feb 2021
The Bureau of Ocean Energy Management cited the order in canceling the lease sale, in which companies bid for the right to explore for and produce oil in specific areas offshore ... “Cancelling this huge offshore Gulf oil auction helps protect our climate and life on Earth.

BP splashes out with huge bet on wind farms in the Irish Sea

The Times/The Sunday Times 09 Feb 2021
BP will pay more than £900 million for rights to build offshore wind farms after bidding the highest price in a Crown Estate auction that could ...

Royal Family earnings to multiply by millions as Queen Elizabeth cashes in on sale of ...

m&c 09 Feb 2021
Profits for the Royal Family are set to skyrocket following the sale of land from the Crown Estate in an auction to energy companies hoping to build wind farms. For the first time in ten years, the Royal Family has decided to auction off some of its extensive landholdings.

Total Defies Big Oil’s Weak Quarter and Boosts Renewables Investment. The Stock Is Rising.

Barrons 09 Feb 2021
Total has maintained its dividend throughout the Covid-19 pandemic, which it did again in the fourth quarter ... Total will allocate more than 20% of $12 billion net investments in 2021—around $2.4 billion—to renewables and electricity ... On Monday, Total was among the winners in the U.K.’s first auction of offshore wind farm leases in more than a decade.

Queen's property manager and Treasury to get windfarm windfall of nearly £9bn

The Observer 08 Feb 2021
The Queen and the Treasury will receive an offshore windfarm windfall of almost £9bn over the next decade, after a major auction of seabed plots attracted runaway bids from energy companies including the oil company BP. The crown estate’s first auction of its ... Offshore auction map.

Oil majors outbid incumbents, plan new UK offshore wind farms

Business Day 08 Feb 2021
London — Oil majors agreed to pay a hefty premium to develop the next generation of major British offshore wind farms after BP and Total won contracts in an auction ahead of many of the utilities that have dominated the space until now ... The auction results will be a major loss for ...

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