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(Reuters Breakingviews) - U.S. President Joe Biden is open to Venezuelan oil. Over the weekend, the Treasury Department issued $355 billion oil giant Chevron (CVX.N) a license to resume limited production in the country. That helps to spread around extraction of the fossil fuel, and could ease prices on the margin. But between the dirty Venezuelan oil and... Continue Reading →
(Reuters) - BP (BP.L) is considering ending the publication of its Statistical Review of World Energy, over 70 years after it first published the benchmark report, as the energy major focuses on its shift to renewables, the company told Reuters. The Statistical Review has been a go-to resource for the wider energy sector since it was first published in... Continue Reading →
Frontera Energy Corporation and CGX Energy Inc, partners in the Corentyne block offshore Guyana, have been given more time to drill the Wei-1 exploration well. Under the Corentyne block license terms, the joint venture was previously required to spud Wei-1, the second of two commitment wells on the block, by November 27, 2022. However, the... Continue Reading →
(Reuters) - Spain's Acciona SA (ANA.MC) announced plans on Monday to build a wind farm worth A$2 billion ($1.34 billion) in Australia, nearly doubling its investment and generation capacity at a site in the northeastern state of Queensland. The 1,000-megawatt (MW) Herries Range wind farm will be built at the MacIntyre Wind Precinct, where the renewable energy... Continue Reading →
(U) Australian independent Karoon Energy is on the acquisition trail as it looks to add more oil assets in Brazil, where it is already producing from the Bauna field, and potentially further afield in the Americas. “We are continuing to explore potential acquisition and farm-in opportunities,” confirmed Karoon chairman Bruce Phillips. Most of the assets... Continue Reading →
(RZ) Deepwater production is set to increase by over 60% between 2022 and 2030, growing from 6% to 8% of overall upstream production. Ultra-deepwater production – from depths of 5,000 feet and above is growing fastest – by 2024 it will account for more than half of all deepwater production. Deepwater is the fastest-growing upstream... Continue Reading →
(OWB) The first nacelle for a 16 MW offshore wind turbine jointly developed by China Three Gorges Corporation and Goldwind Technology has rolled off the production line at Fujian Three Gorges Offshore Wind Power International Industrial Park in China. According to China Three Gorges, the unit has the largest single capacity, the largest rotor diameter,... Continue Reading →
(Reuters) - Argentina's Economy minister Sergio Massa said on Thursday that the government was readying a liquefied natural gas (LNG) bill to send to Congress in the coming months, amid a push to create a major gas export sector in the country. The bill aims to spur the multi-billion-dollar investments needed to exploit Argentina's massive... Continue Reading →
(TN) The FPSO Anna Nery left the BrasFELS shipyard, in the city of Angra dos Reis (RJ), and headed for its final destination, the Marlim field, in the Campos Basin. The vessel has the capacity to produce up to 70,000 barrels of oil per day and process up to 4 million m³ of gas per... Continue Reading →
(Reuters) - Geneva-based energy trader Gunvor Group has widened its executive committee to 14 people including its chief executive, reflecting the growing importance of gas trading for the firm, the company’s website showed on Thursday. The new members are Benoit Roulon, the new global head of crude oil trading; Richard Brockmeyer, head of North American... Continue Reading →
Brazil Energy Insight 