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African hydrocarbon producing countries are increasing oil and gas licensing rounds to be able to stabilize supply of hydrocarbons in years to come to meet growing energy demand as output in legacy projects declines. The introduction of more oil and gas exploration and production licensing rounds across Africa will enable the continent to make new... Continue Reading →
N-Sea has commenced geophysical, (limited) UXO and environmental surveys within the area of the White Cross floating offshore wind project in the Celtic Sea The activities, which began on 29 May, will see the company survey the offshore wind farm location and the project’s export cable route corridor. Offshore works will be completed by N-Sea... Continue Reading →
(OE) Forecasters on Thursday amped up their outlook for the U.S. Atlantic hurricane season, saying warm sea temperatures and the absence of a moderating wind shear portend a "well-above average" number of storms. Colorado State University researchers raised their estimate for tropical storms, hurricanes and major hurricanes by one apiece to 20, 10 and five, respectively. There is a... Continue Reading →
(Reuters) - An Exxon Corp-led consortia operating in Guyana has found new "attractive deep-water" oil prospects in the South American country, Hess Corp (HES.N) Chief Executive John Hess on Thursday during a web conference. Exxon operates the consortia responsible for all oil production in Guyana with a 45% stake, with partners Hess (30%) and CNOOC Petroleum (25%).... Continue Reading →
Spanish offshore engineering company Saitec on Thursday announced its interest in developing a pre-commercial floating wind pilot park with 5 floating wind units and a total potential of 50MW, 15 km from Cap de Creus, Catalonia, Spain, by 2025. The offshore wind turbines will use SATH technology in open sea in Girona, specifically in an... Continue Reading →
Norway-based DeepOcean has been awarded a contract to provide subsea services to Vineyard Wind 1, the first utility-scale offshore wind project in the US. Under the contract, DeepOcean will provide a range of subsea services including project management, engineering, ROV, tooling, and survey activities. The company will lead the project out of its office in... Continue Reading →
(EV) “There is a unique opportunity to invest in new projects, given the high prices, which we expect to remain high for a few years,” IHS technical researcher for Africa Ismini Katsimpardi said. “Projects that were not viable one or two years ago can now go ahead.” Katsimpardi talked through discoveries in Cote d’Ivoire, Namibia... Continue Reading →
(Reuters) - Northern European countries are discussing plans to create a common power grid under the North Sea to connect future offshore wind farms as they seek to strengthen energy security, but the ambitious proposal faces financing and regulatory challenges. European nations have announced pledges to build dizzying amounts of offshore wind farms, spurred partly... Continue Reading →
- Petróleo Brasileiro S.A. - Petrobras informs that it signed a contract for the purchase of Edison S.p.A.'s interest (50%) in Ibiritermo S.A., for the price of R$ 1.00, in compliance with the Energy Conversion Contract (ECC), signed on 06/21/2002 with Ibiritermo S.A.. Additionally, at the conclusion of the transaction, Petrobras will make the payment... Continue Reading →
(Reuters) - The United States exported 7.29 million tonnes of liquefied natural gas (LNG) last month, second highest on record, as sales to Europe and South America expanded, according to Refinitiv Eikon data. The United States is on track to become the world's largest LNG exporter this year, topping Australia and Qatar, as producers work... Continue Reading →
Brazil Energy Insight 