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Norway's METCentre, a floating wind test center, has just signed a Memorandum of Understanding with the Portuguese offshore wind player WavEC. WavEC provides commercial services for wind farm developers and is a shareholder of the Aguçadoura test site, which has been a central testing area in the development of offshore renewable technologies. The MOU was... Continue Reading →
(OE) DNV said Monday it was launching the second phase of H2Pipe, a joint industry project (JIP) aiming to develop a new code for the design, re-qualification, construction, and operation of offshore pipelines to transport hydrogen—either pure or blended with natural gas. DNV’s Hydrogen Forecast to 2050 anticipates that over 50% of hydrogen pipelines globally... Continue Reading →
Galp has agreed to sell its upstream assets offshore Angola to Somoil -Sociedade Petrolífera Angolana. The transaction, estimated at about $830 million, should complete during the second half of this year. The sale comprises Block 14 (9% Galp): Tombua; Landana; BBLT – Benguela, Belize, Lobito, Tomboco; and Kuito; Block 14K (4.5% Galp): Lianzi; Block 32 (5% Galp): Kaombo... Continue Reading →
(OM) President Joe Biden’s administration is tapping the brakes on offshore wind energy development in the Gulf of Mexico to make way for a new fast-tracked effort to open more federal waters to oil and gas drilling. The move, as reported by New Orleans-based NOLA.com, will delay the first-ever auction of wind energy lease areas in the Gulf by at... Continue Reading →
(Reuters) Guyana Vice President Bharrat Jagdeo told Reuters the country plans to take back 20% of the giant Stabroek oil block that has been responsible for a series of massive discoveries from a consortium led by Exxon Mobil Corp., and remarket it by next year. More than 11 billion barrels of oil and gas found... Continue Reading →
- Petróleo Brasileiro S.A - Petrobras informs that its CEO Jean Paul Terra Prates has indicated 2 new members for the composition of the Executive Board: Chief Institutional Relations and Sustainability Officer, Mrs. Clarice Coppetti; Chief Financial and Investor Relations Officer, Mr. Sergio Caetano Leite. The nominations will be submitted to the internal procedures of... Continue Reading →
(Reuters) - U.S. prosecutors on Friday unveiled corruption charges against a Connecticut oil and gas trader and a second man over their alleged roles in a bribery scheme to win business from Brazil's state-owned oil company Petrobras (PETR4.SA). The Department of Justice said that between 2010 and 2018, Glenn Oztemel, 64, of Westport, Connecticut, and Eduardo... Continue Reading →
Offshore construction will soon continue on the South Fork offshore wind project in New York with the installation of the project’s 68-nautical mile (about 126 kilometres) submarine cable to kick off in early 2023. The work installing South Fork Wind’s submarine cable involves six stages: seabed preparation, sea-to-shore interconnection preparation, nearshore cable laying, nearshore cable... Continue Reading →
(OE) Dutch offshore wind foundation maker Sif this week said it would build the world's largest monopile foundation manufacturing plant in Rotterdam, the Netherlands, with an estimated investment of around €328 million. The plant will be built at the 62 hectare Maasvlakte 2 site in Rotterdam, the Netherlands, as an extension of the existing facilities... Continue Reading →
(OM) Challenger Energy Group (CEG) expects to fulfil its work commitment for the first four-year exploration period on the AREA OFF-1 Block offshore Uruguay during second-quarter 2023. This includes 2D seismic reprocessing and various technical studies. In parallel, the company is seeking a farm-out to bring in a partner to fund an accelerated 3D seismic acquisition program.... Continue Reading →
Brazil Energy Insight 