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(OW) Ørsted has taken the final investment decision (FID) on what the company says is the world’s single largest offshore wind farm, the 2.9 GW Hornsea 3, which is expected to be completed around the end of 2027. In July 2022, Ørsted was awarded a contract for difference (CfD) for Hornsea 3 at an inflation-indexed strike price of GBP... Continue Reading →
(Reuters) - Nearly all European Union countries and around 300 companies and industry groups agreed on Tuesday to move ahead with plans to rapidly expand wind farms and the local industries needed to build them. The European Commission announced plans in October to support Europe's wind energy industry, which will need to massively expand capacity to hit... Continue Reading →
(OE) Malaysian oil company Petronas has signed production sharing contracts for Suriname’s offshore Blocks 64 and 64 with the country’s state-owned Staatsolie Maatschappij Suriname. Petronas Suriname E&P won the blocks, located in the Guyana-Suriname Basin, during the Suriname Demerara Bid Round 2022-2023 in June 2023. Block 63 has an area of 5,425 sq km and... Continue Reading →
(Reuters) QatarEnergy signed two production sharing contracts on Friday relating to two marine areas off the coast of Suriname, rights to which it won during an auction held last June, the company said in a statement. "QatarEnergy will own a 30% working interest in block 64, while TotalEnergies, the operator, will own 40%, and Petronas... Continue Reading →
On December 13, 193 blocks were auctioned in Brazil’s oil and gas licensing round, signaling strong optimism for the industry, according to Wood Mackenzie. Highlights from these bid rounds included: • The total amount in bonuses was US$85 million • 44 blocks were acquired in the Pelotas Basin, a frontier area. Petrobras will operate 29 and Chevron... Continue Reading →
(TN) The ANP held yesterday (13/12) the public auctions of the 4th Cycle of the Permanent Concession Offer (OPC) and the 2nd Cycle of the Permanent Sharing Offer (OPP). In the 4th Cycle of the OPC, 192 exploratory blocks were awarded, in all nine basins that had areas on offer, a record number in the... Continue Reading →
(OET) Uruguay’s state-owned energy company ANCAP has tucked a new milestone under its belt with the signing of contracts for four offshore blocks with three oil and gas players in line with the framework of the Open Uruguay Round that has been in force since 2019. As a result, the UK-headquartered Shell, the U.S.-based APA Corporation, and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras reports that it has acquired 29 blocks in the Pelotas basin in the 4th Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas and Biofuels (ANP). Petrobras acquired blocks P-M-1739, P-M-1737 and P-M-1797 in partnership with CNOOC Petroleum Brasil Ltda (CNOOC) and Shell Brasil Petróleo Ltda (Shell).... Continue Reading →
The US Department of the Interior (DOI) and the Bureau of Ocean Energy Management (BOEM) today published a proposed sale notice (PSN) for an offshore wind lease sale in the Central Atlantic for one area offshore Delaware and Maryland, and one area offshore Virginia. BOEM says that the two lease areas have the potential to... Continue Reading →
(OW) The European Commission has given France the green light to support the construction and operation of two floating offshore wind farms in the Gulf of Lion with EUR 4.12 billion, which will be awarded through a tender the French government is expected to launch next year. Developers of the two floating wind farms, each... Continue Reading →
