Offshore wind
TotalEnergies will instead invest in the Rio Grande LNG plant, upstream conventional oil development in the US Gulf of Mexico, and shale-gas production.
The project, which is owned and run by Equinor offshore New York, is more than 60% complete.
Buoy-based camera footage, analyzed by artificial intelligence, can help reduce the risk of birds colliding with offshore wind farm turbines.
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Offshore wind makes up less than 1% of the current energy mix, but analysts have it pegged as a potential trillion-dollar business in the near future. That growth presents an opportunity for operators to reduce costs and their carbon footprint through the electrification of their offshore platforms.
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In this video from Bloomberg, Eldar Saetre, chief executive officer and president of Equinor, talks about the company's increased push into the offshore wind power market.
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Equinor and the Snorre and Gullfaks partners have made a final investment decision for the Hywind Tampen offshore wind farm development. By reducing the use of gas turbines, the project helps cut CO2 emissions by more than 200,000 tonnes/year.
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The top US wind power official told the offshore upstream sector that it can help build “smaller, leaner, and cheaper" wind turbine farms.
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Wind power via floating turbines could be used to pump oil from remote offshore fields in the way windmills were once used to pump water from wells in arid West Texas.
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