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3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in Corporate Governance informs its investors and the market in general the preliminary unaudited production data for January 2023. Source 3R Petroleum (1) Refers to the 35% Interest held by 3R in Pescada Cluster concessions. (2) In January, approximately 70% of... Continue Reading →
(epbr) The oil companies returned to the Union three more exploratory blocks, acquired in the cycle of the major post-2017 oil and gas auctions, according to preliminary data from the National Agency of Petroleum, Natural Gas and Biofuels (ANP). Highlight for Saturno, in the Santos Basin, purchased in 2018, in the 5th sharing round, by... Continue Reading →
A consortium comprising BeeX, Sulmara, and the University of Strathclyde has secured Enterprise Singapore – Innovate UK grant to develop a next-generation autonomous integrity inspection capability for offshore wind turbines. Autonomous robotics specialist BeeX, offshore survey and inspection specialist Sulmara, and structural integrity specialists at the University of Strathclyde joined forces to deliver an autonomous... Continue Reading →
The US Bureau of Ocean Energy Management (BOEM) has issued a Draft Environmental Impact Statement (DEIS) for the SouthCoast Wind project offshore Massachusetts, the 2.4 GW offshore wind project formerly known as Mayflower Wind, developed by a joint venture between Shell and Ocean Winds. BOEM will open a 45-day public comment period for the DEIS... Continue Reading →
APA Corporation APA has successfully drilled and flow-tested the Sapakara South-2 (SPS-2) appraisal well, the second appraisal well to test the previously announced discovery in the area. The well is located about 4.6 kilometers south of the Sapakara South-1 (SPS-1) appraisal well. It has encountered approximately 118 feet of high-quality net oil pay in the Campano-Maastrichtian... Continue Reading →
Oil major BP has formed an offshore wind joint venture with Norway's Deep Wind Offshore to develop offshore wind farms in South Korea. As part of the deal agreement, BP has acquired a 55% stake in Deep Wind Offshore’s early-stage offshore wind portfolio, which includes four projects across the Korean peninsula with a potential generating capacity of... Continue Reading →
(Reuters) Guyana expects to finalize a new oil production-sharing agreement model on time for an auction that will collect bids through mid-April, the country's vice president told an energy conference on Tuesday. The South American country has emerged as one of the hottest offshore areas in decades with as much as 25 billion barrels of... Continue Reading →
(U) Norwegian oil and gas major Equinor has defended the strategy driving its renewables business division and said performance will improve as assets become operational. Equinor this week joined its energy peers in reporting stellar profits for 2022 and returning more capital to shareholders, with a record $74.9 billion in adjusted operating profits booked last... Continue Reading →
(TN) Equinor has started the offshore installation campaign in the Bacalhau field, located in the Santos Basin. The work is performed under an integrated EPCI (Engineering, Procurement, Construction and Installation) contract with SIA - Subsea Integration Alliance, an alliance between OneSubsea® and Subsea7. Seven Pacific, Subsea7's construction/flex-lay vessel, capable of operating at depths of up... Continue Reading →
Atlantic Shores Offshore Wind, a 50:50 US partnership between Shell and EDF Renewables, has joined the Northeast Clean Hydrogen Hub, a major multi-state initiative in the US that plans to develop a proposal to become one of up to 10 regional clean hydrogen hubs in the country. The developer of a 1.5 GW offshore wind project in... Continue Reading →
