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(OW) Fifty entities, including individual companies and consortia, from more than ten countries have submitted their expressions of interest to develop offshore wind projects in Portugal as the country prepares for its first auction. The number of interested parties reflects the high interest and attractiveness that the Portuguese offshore wind market presents on the international... Continue Reading →
(Reuters) Venezuela's state-run oil company PDVSA is offering to sell up to 1 million barrels of Corocoro crude through an intermediary, sources said on Wednesday, which could become the first sale of that grade in two years. Since Washington temporarily eased oil sanctions on the country last month, PDVSA has been allocating spot cargoes of... Continue Reading →
(Reuters) - Britain will increase the guaranteed price offered for offshore wind projects in its next renewables auction by 66%, the government said on Thursday, as it seeks to spur more projects after its last auction failed to attract any offshore wind investment. Britain, which is already the world’s second largest offshore wind market after... Continue Reading →
(Reuters) Seven groups of energy companies have sought pre-qualification for Norway's first commercial offshore wind farm tender, the government said on Wednesday, while several others dropped out of the race as soaring costs dampened interest. The tender offers the opportunity to build bottom-fixed wind turbines in the North Sea with a capacity of 1.5 gigawatts,... Continue Reading →
(OW) Denmark-based Cadeler has entered into an unsecured green term loan facility with The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (HSBC). The purpose of the loan facility is, among others, to fund Cadeler’s construction of the X-class and F-class newbuild vessels and upgrade of the existing O-class vessels with new cranes, namely Wind Orca and Wind Osprey.... Continue Reading →
(OW) The Ventyr Energy consortium has submitted the application to prequalify for the development of the Sørlige Nordsjø II (Southern North Sea II) area in the Norwegian North Sea. In addition, Ventyr unveiled that Ingka Investments is to join the consortium. The Ventyr Energy consortium was first established as a partnership between Belgian offshore wind... Continue Reading →
(OET) AIM-listed and Canada-headquartered oil and gas company Eco (Atlantic) Oil & Gas is embarking on a search for new partners, after expanding its interest in a block offshore Guyana, thanks to the green light for the acquisition of Tullow Oil’s entire interest in Tullow Guyana (TGBV), which includes the Orinduik license and operatorship of... Continue Reading →
(Reuters) - Argentina has a $12 billion energy conundrum: what to do about state subsidies that keep prices at a minimum for two-thirds of consumers, a popular measure that is straining state coffers and a deal with the International Monetary Fund (IMF). Those subsidies, that keep energy bills at under 15% of normal, will play... Continue Reading →
(OE) Norway-based Aker Solutions said Tuesday it had won a sizeable contract from Vattenfall for the Norfolk Vanguard East Offshore Wind Farm off the coast of Norfolk, UK. Aker Solutions defines a sizeable contract as being between NOK 0.5 billion and NOK 1.5 billion The scope of work for Aker Solutions includes the engineering, procurement,... Continue Reading →
The National Petroleum Agency (ANP) approved the declaration of commerciality for the Manjuba field, in the Campos Basin. The field was created from the North Brava block, operated by Petrobras (100%). As a reminder, the North Brava block was acquired by Petrobras in December last year, in the first cycle of the Permanent Sharing Offer.... Continue Reading →
Brazil Energy Insight 