Category: Auctions

Boost in oil reserves ahead of rig activity spotlights Angolan offshore block’s potential

(offshore-energy.biz) UK-headquartered and AIM-listed company Afentra has confirmed that hydrocarbon production from a block off the coast of Angola has been offset by a growth in reserves based on the latest Competent Person’s Report (CPR) for Block 3/05, conducted by ERC Equipoise (ERCE). Following its entrance into Angola in May 2023, the company disclosed a sale and purchase agreement (SPA)... Continue Reading →

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Brazil in for busy summer with new oil & gas round

(offshore-energy.biz) Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP) has disclosed the date for the country’s next oil and gas licensing round. The Agency has also presented draft legislation to encourage more exploratory activities and a tool for tracking greenhouse gas (GHG) emissions from oil and gas production activities in the country. Based... Continue Reading →

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26 offshore blocks up for grabs in Trinidad and Tobago’s 2025 deepwater oil & gas bid round

(offshore-energy.biz) With the need to ensure energy independence in mind, the government of Trinidad and Tobago has initiated its new bidding round to boost hydrocarbon exploration and production in this Caribbean twin-island country located off the northern edge of the South American mainland. Given the myriad of challenges the world is facing today – from... Continue Reading →

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UK Opens Incentive Scheme for Offshore Wind Farms

(Reuters) Britain opened an incentive scheme on Thursday for offshore wind projects, seeking to persuade developers to provide the investment to meet an ambitious goal of decarbonising the country's energy system by 2030. The scheme, called the 'Clean Industry Bonus', will provide successful bidders with an initial 27 million pounds ($33.5 million) in funding for... Continue Reading →

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