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(Reuters) Spanish power company Iberdrola said on Wednesday it had agreed to sell to Swiss investment fund Energy Infrastructure Partners (EIP) a 49% stake in a German offshore wind farm for 700 million euros ($700 million). The sale of the Wikinger wind farm will have no impact on Iberdrola's financial results in 2022, said the company, Europe's... Continue Reading →
(PN) The company's president in the country, Veronica Coelho, announced the forecast to start drilling a well in Bacalhau, in the Santos Basin. According to the executive, the activity should start between the end of September and the beginning of October. Veronica also said that there is an estimate of using a second rig in... Continue Reading →
(Reuters) - Growth in global oil demand is set to grind to a halt in the fourth quarter of this year as an economic slowdown deepens, the International Energy Agency (IEA) said on Wednesday, but said it would resume strongly in 2023. The outlook preserves a relatively bullish view for robust growth next year despite... Continue Reading →
(epbr) The number of exploratory block auctions held around the world is set to be the lowest since 2000 this year, according to Rystad Energy. The consultancy estimates that 2022 should have 44 rounds, 14 fewer than in 2021. — Until August, 21 bids were concluded — half the number registered in the same period... Continue Reading →
(Rigzone) Colombia’s upstream sector is especially dynamic in 2022. Offshore exploration of the Colombian Caribbean has delivered in 2022 with Shell and Petrobras hitting the target with their wells earlier this year. Shell and Petrobras hit natural gas pay in the Gorgon-2 and Uchuva-1, both with Ecopetrol as a non-operating partner – according to Wood... Continue Reading →
(OE) Brazilian oil and gas company Enauta said Wednesday that its Atlanta field in the Santos Basin offshore Brazil had resumed its production through well 7-ATL-2HP-RJS. "The second well should start operating next and, by the end of September, the resumption of production from the third well in the field is expected," Enauta said. Enauta... Continue Reading →
(OE) U.S. Customs and Border Protection clarified further the permissible foreign vessel scope of work for offshore wind cable installation in rulings issued on June 30, 2022, and September 2, 2022. In two instances – installation of cable protection and transportation of excess cable – CBP has narrowed permissive prior rulings. CBP has long held that a... Continue Reading →
(Reuters) Scientists who detected a massive methane leak at an offshore platform run by Mexico's Pemex said Tuesday there was "no way" they had made a mistake, roundly rebutting claims by the state oil company that the emissions were smaller and less polluting. Pemex, which is under increasing international pressure over its environmental record, last... Continue Reading →
France-headquartered Technip Energies and Mitsui OSK Lines of Japan are in the frame for a key contract for a planned carbon dioxide floating storage and injection hub facility offshore Australia. A letter of intent covering engineering, procurement and construction and operation of the facility was issued by Perth-based CCS developer deepC Store (dCS) in relation... Continue Reading →
(Reuters) Africa-focused Tullow Oil said on Wednesday it would stick to the current form of its plan all-share merger plan with Capricorn Energy CNE.L, shrugging off criticism from some Capricorn investors who say the deal undervalues the company. Capricorn's board supports the merger, but the group also said last week it was exploring alternative deals... Continue Reading →
Brazil Energy Insight 