Brought to you by Quest Offshore & Southern Cone Consultants
(OE) Avangrid, a U.S.-based subsidiary of the Spanish renewable energy giant Iberdrola, on Monday shared a photo of the completed Vineyard Wind 1 offshore wind substation. This is the first offshore wind substation installed in the U.S. and will serve the country's first large-scale offshore wind farm - Vineyard Wind. DEME Offshore used its flagship vessel,... Continue Reading →
(OE) Vast arrays of solar panels floating on calm seas near the Equator could provide effectively unlimited solar energy to densely populated countries in Southeast Asia and West Africa. Our new research shows offshore solar in Indonesia alone could generate about 35,000 terawatt-hours (TWh) of solar energy a year, which is similar to current global... Continue Reading →
(Reuters) APA Corp. said on Wednesday its most recent appraisal well in Block 58 off Suriname's coast confirmed the extension of oil resources 14 kilometers from the discovery well. APA's exploration in Suriname has been closely watched as it could become Suriname's first commercial deepwater project. Massive discoveries and fast-growing oil production in neighboring Guyana... Continue Reading →
Main achievements: • Robust recurring EBITDA of US$ 11.7 billion, a 19% decrease compared to 1Q23, mainly influenced by international diesel crack spreads, which declined more than 40% QoQ• Gross debt under control at US$ 58 billion, even after the increase in leases due to the startup of chartered FPSOs Anna Nery and Almirante Barroso•... Continue Reading →
(OM) Colombia’s new President Gustavo Petro has pledged to position his country as a leader of the energy transition. According to Wood Mackenzie, his plans for fiscal reform involve higher taxes for extractive industries, and hydrocarbons provide the primary source of Colombia’s revenue. At the same time, the country has to address the long-standing challenge... Continue Reading →
(Bloomberg) – ExxonMobil Corp., which once planned to bet big on Argentina’s oil and gas riches, has put all of its shale assets in the country under review. Exxon is involved in six areas of Argentina’s heralded Vaca Muerta — Spanish for Dead Cow — formation in Patagonia. The company’s plans to ramp up development... Continue Reading →
(OED) The campaign to install the first of 277 turbines at the world’s largest offshore wind farm - the Dogger Bank Wind Farm in the UK - is underway, SSE Renewables said Thursday. The 260-meter-tall offshore wind turbines – each almost twice the height of the London Eye – will be installed around 80 miles... Continue Reading →
(OW) Japanese utility Kansai Electric Power Corporation (KEPCO) and Ingka Investments, the investment arm of Ingka Group, have joined the UtsiraVIND consortium, which will be bidding in the upcoming tender in Norway for the Utsira Nord area. The UtsiraVIND consortium originated as a partnership between Odfjell Oceanwind, a Norwegian provider of floating offshore wind technologies, and Source Galileo, a... Continue Reading →
(OE) Spending on conventional oil and gas exploration is on the rise and is set to top $50 billion this year, led by offshore investments, however, discovery volumes are falling to new lows, despite the rising investments. This is according to Rystad Energy, a Norway-based energy industry intelligence group. Rystad's estimates show that in the... Continue Reading →
ANP announced that oil production hit a new record in June. The agency released today the Monthly Oil and Gas Production Bulletin for the month of June, bringing consolidated data on national production. During the period, a total of 4.324 million barrels of oil equivalent per day were produced, of which 3.367 million barrels per... Continue Reading →
