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With the current energy crisis and clean energy transition taking centre stage, companies are shifting focus to lower-risk core assets and regions, thus, Rystad Energy, an energy intelligence group, forecasts that the global oil and gas exploration spending and activities are expected to shrink even further this year as the number of licensed blocks and total acreage fall... Continue Reading →
(epbr) Uruguay will test investors' appetite to develop green hydrogen projects in the South Atlantic by bidding for 10 offshore wind-generating blocks in the coming months. State-owned energy company Ancap plans to publish the bidding rules this year and choose winners in the second quarter of 2023, company president Alejandro Stipanicic said. He is optimistic... Continue Reading →
Offshore drilling contractor Transocean has secured two new contract awards in the Gulf of Mexico for one of its ultra-deepwater drillships. Transocean announced on Tuesday that the ultra-deepwater drillship, Deepwater Asgard, received two contract awards in the U.S. Gulf of Mexico for a total of approximately 14 months of work, adding $181 million to the firm... Continue Reading →
(Reuters) - Investors seeking clarity about the future of Brazil's fiscal policy from 2023 on must wait for the outcome of October's presidential election, said the chief investment officer of Credit Suisse (CSGN.S) for Latin America. "You have to wait for the definition of who is going to implement the policies next year to, in fact, be... Continue Reading →
(Reuters) Siemens Energy said on Tuesday it has a placed 960 million euro ($949.63 million) mandatory convertible bond to help fund its takeover bid for wind turbine maker Siemens Gamesa. It expects settlement of the notes to take place on or around Sept. 14, it said in a statement. "With the planned full integration of... Continue Reading →
Petro Rio S.A. (PRIO), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of August. Obs:(1) The Frade Field’s production was impacted 9-day shutdown in the month of August.
(Reuters) - Argentina is on track to hit record oil output this year from its massive shale deposits, which are already responsible for record natural gas production, a key local official said on Tuesday, amid a national push to grow domestic energy supplies. Located in western Neuquen province, the Vaca Muerta shale formation is the... Continue Reading →
Companies in the renewables energy business have set out to determine whether a green ammonia floating production vessel can be deployed on certain offshore wind locations. Norway-based H2Carrier AS, developer of the unique P2XFloater concept, said it has entered into a memorandum of understanding with Norwegian state-owned hydropower company Statkraft for the study. H2Carrier recently... Continue Reading →
Aberdeen-based Rotech Subsea has set up an entity in Taiwan to service the demand coming from the local offshore wind sector. According to Rotech, the move comes as it had completed a series of cable trenching and seabed leveling campaigns in Taiwan’s offshore wind sector and secured new contracts. With three spreads of its Controlled... Continue Reading →
As the global energy crisis grips the world in its clutches, taking it by storm, the American Petroleum Institute (API), a trade association representing the oil and gas industry, is advocating for a ramp-up of the U.S. oil and gas production not only as a solution to the energy security concerns plaguing the world at large... Continue Reading →
Brazil Energy Insight 