Energy Transition Roundup

Energy Transition in Motion (Week of May 5, 2023): Advancing Projects, Investment

Here’s a look at some of this week’s renewable energy news, including a massive $25 billion floating wind-powered electrical grid.


OTC: Panelists Talk Floating Wind Challenges, Solutions

The U.S. is targeting 30 gigawatts offshore wind capacity by 2030 and 15 gigawatts of floating wind capacity by 2035.

a drillship off the coast of Rio de Janeiro

OTC: Brazil Targets 5 MMbbl/d Production by 2030

Brazil’s oil regulator ANP wants the country to increase oil production from 3.3 MMbbl/d to 5 MMbbl/d by 2030, the agency General Director Rodolfo Henrique de Saboia said at OTC.

North Sea Countries to Pledge Massive Ramp Up of Wind Energy

Seven European Union countries are set to pledge to quadruple offshore wind energy capacity by the end of the decade. 

Transocean, Eneti to Form Offshore Wind JV

Transocean, Eneti to Form Offshore Wind JV

Transocean and Eneti said they have executed a non-binding memorandum of understanding to form the JV company.