Brought to you by Quest Offshore & Southern Cone Consultants
April 23 (OE) Over the last few years, the energy trilemma has pivoted away from energy transition to energy security and affordability. As a result, offshore oil & gas exploration and production activity, including deepwater activity, has been relatively healthy. Construction, operational support and decommissioning activity has supported the deployment of large anchor handlers and... Continue Reading →
April 22 (Reuters) A federal judge on Tuesday blocked President Donald Trump's administration from enforcing a series of permitting policies that wind and solar energy industry groups say have stymied the development of new energy generation projects. Chief U.S. District Judge Denise Casper in Boston issued a preliminary injunction sought by nine advocacy groups and industry trade associations that... Continue Reading →
April 22 (Reuters) - U.S. oilfield services provider Halliburton warned disruptions caused by the Iran war and the closure of the Strait of Hormuz could cut current-quarter earnings per share by about 7 to 9 cents after beating first-quarter profit estimates. The Strait of Hormuz is a key global energy chokepoint, and the company said... Continue Reading →
April 22 (oilnow.gy) South America’s upcoming oil developments, including several in Guyana, are gaining increased importance due to recent developments in the Middle East, Norway-based Rystad Energy said in an April 21 analysis. “The Middle East conflict has done more than spike oil prices — it has exposed how dangerously concentrated global supply chains are... Continue Reading →
April 21 (OE) ScottishPower, part of Iberdrola, and Masdar have installed the first turbine at the $5.4 billion (£4 billion) East Anglia THREE offshore wind farm, marking a U.K. record with blades measuring 115 meters. The blades are the largest manufactured and installed for a project in U.K. waters, exceeding the previous record of 108... Continue Reading →
April 20 (Reuters) A Massachusetts judge on Friday blocked GE Vernova from abandoning work on the largest offshore wind farm in New England after developer Vineyard Wind refused to pay over $300 million the turbine supplier says it is owed for the $4.5 billion project. Suffolk County Superior Court Judge Peter Krupp in Boston issued... Continue Reading →
April 17 (offshoreWIND.biz) The first wind turbine has been installed at the Sunrise Wind project site offshore New York, Ørsted confirmed to offshoreWIND.biz on 17 April. “As part of ongoing construction at Sunrise Wind, the project has safely and successfully installed its first turbine generator, marking an important step toward delivering first power to New York later... Continue Reading →
April 16 (Reuters) - The Sirius offshore gas project in the Colombian Caribbean has completed more than half of its 120 required prior consultations, the head of Petrobras Colombia said on Thursday. The project is a joint venture between Brazil's Petrobras, which serves as operator with a 44.4% stake, and Colombia's state-run Ecopetrol, which holds... Continue Reading →
April 16 (oilprice.com) Higher oil and gas prices and volatile energy commodity markets are set to more than offset production losses from the Middle East at French supermajor TotalEnergies, which expects significantly higher upstream and LNG trading profits. In the early days of the war, TotalEnergies warned that the conflict had effectively shut in 15% of its... Continue Reading →
April 16 (Reuters) - Spanish energy group Repsol has reached an agreement with the Venezuelan government and state energy firm PDVSA to take back operational control of its Venezuelan oil assets and boost production, the company said on Thursday. The agreement includes plans to triple production from its Venezuelan oil operations within three years and guarantee... Continue Reading →
Brazil Energy Insight 