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(Reuters) - The head of Brazilian environmental agency Ibama said on Monday that the regulator is unlikely to succumb to political pressure and reverse its rejection of a request from state oil company Petrobras to drill a well near the mouth of the Amazon River. "It's unlikely to have a change of position simply because... Continue Reading →
The U.S. Bureau of Ocean Energy Management (BOEM) said Monday it had completed its environmental analysis of the proposed Ocean Wind 1 wind project offshore New Jersey, which could power up to a half million households. As part of the Ocean Wind 1 project, Orsted's Ocean Wind LLC proposes to build up to 98 wind turbine generators... Continue Reading →
(epbr) Despite Ibama's veto of the environmental license for drilling a Petrobras well in deep waters in the Foz do Amazonas Basin this week, activities in the region are not unprecedented. According to public data from the National Petroleum Agency (ANP), Foz has already had 95 drillings — all have occurred in shallow waters. Practically... Continue Reading →
(Reuters) - A decision by Brazil's environmental regulator to block state-owned oil company Petrobras' Amazon oil project has exposed tensions in President Luiz Inacio Lula da Silva's coalition between green advocates and those prioritizing economic development. Ibama, late on Wednesday, said it would block a request by state-run oil giant Petrobras (PETR4.SA) to drill at the Amazon mouth near... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has received news about IBAMA's rejection, yesterday, of the environmental licensing process for Block FZA-M-59 in Amapá Águas Profundas. The company also informs that it has not been officially notified by the agency, and as soon as it is notified it will formulate a request for reconsideration... Continue Reading →
The Brazilian environmental protection agency Ibama said on Wednesday it had rejected a request from state-run oil company Petrobras (PETR4.SA) to drill an exploratory well, Morpho, 175 km from the coast and depth of 2,880 mts at the Foz do Amazonas Basin The much-awaited decision follows a technical recommendation by the agency's experts to reject the proposal.... Continue Reading →
(OW) Ireland has selected four projects with a combined capacity of nearly 3,100 MW in the first offshore wind auction under the Renewable Electricity Support Scheme (ORESS 1). The four projects are the 1,300 MW Codling Wind Park owned and developed by a 50/50 joint venture of Fred. Olsen Seawind and EDF Renewables; the 824 MW Dublin Array owned... Continue Reading →
(Reuters) Colombia's majority state-owned energy company Ecopetrol will be more aggressive in exploring for oil under existing contracts, Chief Executive Ricardo Roa said on Wednesday, as the company warned external factors including weather and security issues could hit production. Ecopetrol, Colombia's biggest company and largest producer of oil, on Tuesday reported a 14% fall in first-quarter net... Continue Reading →
A Guyanese court recently ruled that ExxonMobil failed to provide adequate insurance for the costs of recovering from a potentially catastrophic oil spill from its first oil development project located off the coast of Guyana. According to High Court Justice, Sandil Kissoon, ExxonMobil “engaged in a disingenuous attempt” to dodge the full responsibility under its environmental permit for the Liza Phase I... Continue Reading →
Brazil has all the favorable conditions to lead the global development of offshore wind energy. To get an idea, the country's estimated generation potential is 700 GW in offshore locations with depths of up to 50 meters - a volume that corresponds to more than 30 times the installed generation capacity in the world today... Continue Reading →
Brazil Energy Insight 