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Oil industry leaders to bid on offshore wind leases in Gulf of Mexico

Three tracts, each spanning about 100,000 acres, are up for grabs in the auction, which is set to unfold anonymously over successive rounds Tuesday. Companies that have registered as potential bidders include apparent affiliates of offshore oil heavyweights BP Plc, Equinor Asa, Repsol SA, Shell Plc and TotalEnergies SE.
United States Gulf Of Mexico Equinor Asa Joe Biden John Bel Edwards Sam Salustro

BBCNEWS Talking Business June 4, 2024 16:52:00

That the regulation and the market structures are in a place that will actually enable this transition to happen. of course, the criticism of renewable energy is that its expensive and difficult to store, unlike gas or coal. and those critics, markus, they have a point, im just wondering, how do you fix that? in many places, actually, renewables — if you look atjust the cost of megawatt hour produced, actually its very competitive. thats the case in the nordics, for wind especially. it is the ...
Renewable Energy Market Structures Gas Supply Point Of View Markus Rauramo Offshore Wind

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BBCNEWS Talking Business June 4, 2024 23:52:00

Then, if we go further into, for example, offshore wind, yes, it is more expensive, but it is not prohibitively expensive. but again, the question is that we cantjust have the intermittent energy. we need the baseload and the flexibility also. also on this show, markus, because weve been looking at the energy cost for businesses and households, especially in europe this winter. whats your take, will those bills be lower? last year was a very turbulent one. so, after the attack of russia to ukrai...
Offshore Wind Markus Rauramo Energy Cost Energy Prices Gas Supplies Energy Costs

BBCNEWS Talking Business June 4, 2024 10:53:00

Then, if we go further into, for example, offshore wind, yes, it is more expensive, but it is not prohibitively expensive. but again, the question is that we cantjust have the intermittent energy. we need the baseload and the flexibility also. also on this show, markus, because weve been looking at the energy cost for businesses and households, especially in europe this winter. whats your take? will those bills be lower? last year was a very turbulent one. so, after the attack of russia to ukrai...
Offshore Wind Markus Rauramo Energy Cost Energy Prices Gas Supplies Energy Costs

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