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(OM) Three companies have commented on their awards under last week’s auctions for wind farm lease areas offshore New York and New Jersey. TotalEnergies was awarded maritime lease area OCS-A 0538 by the Bureau of Ocean Energy Management (BOEM) in the New York Bight auction, having bid $795 million. The 132-sq mi (341-sq km) lease... Continue Reading →
(Reuters) - Oil prices surged on Tuesday as concerns over supply disruptions after Russia's invasion of Ukraine and related sanctions outweighed talks of a coordinated global crude stocks release. May Brent crude futures were up $3.63, or 3.71%, to $101.60 a barrel by 1116 GMT, after early hitting $102.32 a barrel. The benchmark touched a... Continue Reading →
(Reuters) - Mexican state oil company Pemex reported a $6.05 billion fourth-quarter net loss on Monday, driven by highertaxes and currency exchange losses despite more oil output, with the firm set to require further big cash infusions from the government. Pemex (PEMX.UL), which has long struggled to stay in the black, managed to turn a... Continue Reading →
(Reuters) - Shell (SHEL.L) will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the latest major Western energy company to quit the oil-rich country following Moscow's invasion of Ukraine. The decision comes a day after rival BP abandoned its stake in Russian oil giant Rosneft (ROSN.MM) in a move that... Continue Reading →
(Reuters) Germany aims to speed up wind and solar energy projects, a document seen by Reuters showed on Monday, as the war in Ukraine underscores the need to reduce reliance on Russian gas. Cutting back on Russian gas has been tricky for Europe's largest economy as it is already set to exit nuclear power this... Continue Reading →
(ON) The extent of the development projects offshore Guyana within such a short space of time since the first oil discovery in 2015 is being viewed as ‘unbelievable’ by Norway-based energy research and business intelligence company, Rystad Energy. Now, the South American country, unknown on the oil map just seven years ago, is on track... Continue Reading →
(ON) The unprecedented oil and gas discoveries unfolding in the Guyana-Suriname basin are of historic proportions and make the region stand out as one of the most exciting hot spots the industry has seen in decades. “The Liza-1 well will be equated with the 1-RJS-628 well in terms of discovering a major petroleum province in... Continue Reading →
(OE) French oil major TotalEnergies has won a bid to build three gigawatts (GW) of offshore wind power capacity on the New Jersey coast in the United States. The company said the $795 million deal is for the 341 sq km New York Bight concession, which is located up to 87 km from the coasts... Continue Reading →
The Biden's administration's sale of offshore wind development rights off the coasts of New York and New Jersey surged past all expectations on Thursday to reach more than $3.3 billion, with bidding still not complete. The auction, which began on Wednesday and is due to resume on Friday morning, is the first offshore wind lease... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras will closely monitor international price swings following Russia's invasion of Ukraine before making any decisions on domestic fuel prices, the firm's logistics and trading head said on Thursday. The company, formally Petroleo Brasileiro SA , says it aligns domestic prices with international rates but allows prices to decouple... Continue Reading →
