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(Reuters) - Guyana may revise terms of its latest oil-production sharing contract and its regulatory framework before a second offshore bidding round, Vice President Bharrat Jagdeo said on Tuesday. Guyana last August updated the production sharing agreement (PSA) and Petroleum Act that set regulatory terms for producers ahead of a first oil round that drew... Continue Reading →
(PN) The director of Energy Transition and Sustainability at Petrobras, Mauricio Tolmasquim, said today that the company is still awaiting the approval of a legal framework for offshore wind power to definitively enter this new sector. “We will not enter offshore wind until we have the regulatory framework. But just having the law is not... Continue Reading →
(Reuters) - Guyana plans to disclose winners of the country's first competitive auction of offshore oil blocks by the end of March, an official with the country's Ministry of Natural Resources said on Monday. The government continues to review proposals and analyze documents provided by six of eight groups that placed bids in an oil auction... Continue Reading →
(OE) Germany's top utility RWE has signed six new power purchase agreements (PPAs) with major industrial customers for the supply of around 1,000 GW/h of green power per year from its Kaskasi offshore wind farm, starting from 2026. The PPAs have been signed between RWE Supply & Trading and DHL Group, Ensinger, Evonik, Infraserv Höchst,... Continue Reading →
(TN) Brazil is the sixth country in the world that invested the most in energy transition and the leader in Latin America, according to BloombergNEF's Energy Transition Investment Trends 2024 report. The document highlighted that the country invested, in 2023 alone, around US$34 .8 billion. Renewable energy, electric vehicles, hydrogen and carbon capture drove year-on-year... Continue Reading →
(Reuters) - Italian cablemaker Prysmian (PRY.MI), opens new tab has shifted around management in Brazil and Latin America as it gears up local plants to boost supply to the electricity sector and future offshore wind farms in the region, the company told Reuters. Raul Gil Boronat, who led Prysmian in Brazil, took over as CEO for Latin... Continue Reading →
(OE) NOV reports its Lifting & Handling group has sold what is said to be the industry’s first-ever electric subsea crane. The order was booked at the end of 2023 with an undisclosed client in Europe, NOV said. The first-of-its-kind crane offers enhanced efficiency compared to electro-hydraulic cranes, helping lead to reduced vessel emissions, the... Continue Reading →
(OE) After a thorough review, the Norwegian government has approved five applicants for the upcoming offshore wind auction round for Sørlige Nordsjø II (Southern North Sea II). The consortia that qualified for the auction includes Aker Offshore Wind, BP and Statkraft; Equinor adn RWE; Norseman Wind, an Energie Baden-Württemberg (EnBw) subsidiary; Shell, Lyse and Eviny;... Continue Reading →
(OE) The U.S. Department of Energy (DOE) and the National Oceanic and Atmospheric Administration (NOAA) have launched an 18-month initiative to gather extensive weather, ocean, and wildlife data near the sites of active offshore wind farms and lease areas off the coast of the Northeast United States. This effort, which is part of the third phase of... Continue Reading →
(Reuters) The U.S. Environmental Protection Agency (EPA) on Thursday, granted a Clean Air Act permit to New York's Empire Offshore Wind owned by Equinor. The permit was given after an air quality analysis showed federal air quality standards would not be compromised during construction and operation of the project, the agency said. "When built, this project is expected to generate... Continue Reading →
Brazil Energy Insight 