TotalEnergies and INPEX have signed an agreement with PTTEP in order to acquire the 100% interest held by PTTEP in the AC-RL7 permit in Australia. Under the terms of the agreement, which is subject to approval by the relevant authorities, TotalEnergies will acquire a 26% interest in the permit in line with its equity in Ichthys LNG, while INPEX will acquire the remaining 74% and assume operatorship.
Offshore wind projects taking place in macrotidal environments, such as around the UK, must deal with water level changes of more than four meters every six hours. This extreme tidal range is difficult to compensate for using ballasting, so projects that require load-in or load-out of large jackets are delayed when waters are too high or low, leaving the installation vessel waiting.
Mainstream Renewable Power (“Mainstream”), the global pureplay renewable energy company, and Ocean Winds, the international joint venture between EDPR and ENGIE dedicated to offshore wind energy, have partnered to develop a second ScotWind site of 500 MW east of Shetland, expanding the overall footprint of the Arven Offshore Wind Farm (“Arven”) to 2.3 GW.