Brought to you by Quest Offshore & Southern Cone Consultants
(PN) This week, Petrobras began drilling a well (3-BRSA-1398-RJS) in the Alto de Cabo Frio Central block, in the pre-salt layer of the Campos Basin, in a water depth of 2,276 meters. The activity is being carried out by the West Polaris drillship, according to information available on the website of the National Petroleum Agency... Continue Reading →
(offshoreWIND.biz) According to research from Norway-headquartered Rystad Energy, the global offshore wind industry is set for a rebound in 2025, with capacity additions expected to reach 19 GW and sector-wide expenditure projected to hit USD 80 billion (approximately EUR 76 billion). A record wave of lease auctions is driving the resurgence, said Rystad Energy, with... Continue Reading →
(Reuters) - Companies from around the world have proposed to develop 69 offshore areas in Colombia's first offshore wind energy auction, the South American country's National Hydrocarbons Agency (ANH) said on Thursday. WHY IT'S IMPORTANT The auction is a significant step toward President Gustavo Petro's goal of diversifying the energy sector and reducing dependency on oil and... Continue Reading →
(Reuters) Guyana expects to soon sign an oil production-sharing agreement with a consortium led by France's TotalEnergies will allow it to explore an offshore area, Energy Minister Vickram Bharrat told Reuters. Guyana is the world's fastest-growing oil-producing country and is on course to reach capacity of 940,000 barrels per day this year - nearly 1%... Continue Reading →
(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 →
(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 →
(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 →
(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 →
(Reuters) Mitsubishi Corp on Monday said it is reviewing how to proceed with its offshore wind projects in Japan given a "significantly changed" business environment, showing that the country is not immune to rising costs across offshore wind projects globally. Japan, which imports nearly everything for its energy needs, has bet on renewable energy to... Continue Reading →
(Reuters) - Denmark will halt all ongoing offshore wind tenders as the existing framework where no subsidies are offered does not work under current market conditions, its energy minister said on Friday. The global offshore wind industry has been hit by surging costs, rising interest rates and supply chain bottlenecks. Denmark said in December that its latest... Continue Reading →
Brazil Energy Insight 