Michels Corporation’s Post

The MoU will see the two companies identify and pursue potential opportunities for decarbonisation of offshore oil and gas and other associated offshore electrification opportunities using renewable power and seabed-based energy storage, and intelligent energy management. SeaTwirl AB Verlume #offshorewind

SeaTwirl’s CEO Johan Sandberg, recently visited Verlume’s operations facility in Aberdeen following the signing of a pivotal MoU (Memorandum of Understanding) between the companies. The MoU will see both businesses work to identify and pursue potential opportunities to work together on the decarbonization of offshore oil and gas and other associated offshore electrification opportunities, using renewable power and seabed-based energy storage and intelligent energy management. #offshore #floatingwindpower #renewablepower

An offshore wind deal announced yesterday was potentially valued at more than half a billion; do you know which one? Yesterday, Octopus Energy acquired a 12.5% stake in the 660 MW Walney Extension, an offshore wind project with a 5-year history of power generation, a $190/MWh strike price, and a remaining contract life of 10 years. Using Enerdatics' platform, which houses a comprehensive database of deals with similar asset profiles, we estimate this deal's value at over $600 million. Our users can make such precise estimates within seconds, thanks to the granular data points available on our platform. To gain a deeper insight into M&A trends at the corporate and asset level globally, request a trial of the Enerdatics Energy Transition M&A database today. #RenewableEnergy #WindPower #EnergySector #OctopusEnergy #Enerdatics #CleanEnergy #SustainableInvesting #EnergyTransition #CorporateStrategy #GlobalEnergy

The energy transition in action.

Reflecting on the crucial role of the oil and gas industry in powering our world forward. Everything from fueling transportation to producing essential materials, its contributions are undeniable. As we navigate towards a sustainable efforts, let's recognize the industry's continued efforts to improve efficiency, reduce emissions, and renewable energy solutions. Here's to embracing innovation for a thriving energy landscape for future generations. Profits by the Barrel is your first choice, community-driven source for information and conversation on the Oil & Gas industry worldwide. https://lnkd.in/g7gsmmJK #gasandoil #energy #oilindustry #profitsbythebarrel

In the first 10 months of 2023, S&P Oil & Gas E&Ps Index outperformed S&P 500 and SIGNIFICANTLY outperformed S&P Global Clean Energy Index. Today October 31, 2023 - bp just booked a $540 million pretax impairment on its wind power projects offshore New York. Moreover, bp's offshore project partner, Equinor, also booked a $300 million impairment recently. On the same day, Ørsted (previously known as DONG - Danish Oil and Natural Gas) took an impairment charge of approximately DKK 28.4 (US$4 billion) from its offshore wind projects. Kind of a new impairment record from the 2020 most sustainable company in the world. Will more impairments come from those Big Energy firms in the years ahead? Is it time to cleaning up "Clean Energy"? Also in your opinion, will clean energy slump continue in the last two months of 2023? #alternativeenergy #sustainability #energy #oilgas #renewableenergy

The latest EIC (Energy Industries Council) Survive and Thrive report is now out! 📄 Head to page 189 to read an interview with our CEO, Richard Madden, where he shares insights into our journey from Subsurface Global to WeConnect Energy, the challenges faced along the way, and balancing our traditional oil and gas business with new ventures in low carbon and renewables. It’s a pleasure to be included in this publication alongside 134 other inspiring businesses. Check out the full issue here: https://lnkd.in/d4xxrmjQ #EIC #BusinessGrowth #SuccessStory #EICSurviveAndThrive #ConnectingEnergyExperts

Impressive time lapse ! Get in touch with us. Find out how we can help you for your electricity and gas retailing or support in your carbon and cost reduction transition 💡💡

Change is brewing in the energy sector, and we need YOUR insights! 🌍⚡️ As we pivot towards a sustainable future, understanding the shifts in skills and workforce across Oil & Gas, Renewables, and Conventional Power is critical for achieving net zero. Three minutes is all it takes to contribute to a global conversation 🔍 Complete the survey here: https://lnkd.in/gmxh_Epi #NESFircroft #NetZero #IndustryInsights

Feds net $93M in offshore leases! 🌊💰 TL;DR: The latest offshore wind lease auction off Delaware and Virginia raised an impressive $93 million, showcasing strong investor enthusiasm for renewable energy despite recent industry hurdles. Highlights • Auction generated a significant $93M for the U.S. offshore wind sector • Equinor acquired a Delaware lease for $75M; Dominion Energy won a Virginia lease for nearly $18M • Sale reflects the government's commitment to expanding offshore wind energy amid economic challenges • Industry faces reputational concerns following setbacks, but investor interest remains robust #OffshoreWind #RenewableEnergy #Investment #ClimateAction #BidenAdministration #SustainableEnergy Article Source https://lnkd.in/gMjxpS5q