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(OW) Public Service Enterprise Group Inc. (PSEG) has completed the sale of its 25 per cent equity interest in 1.1 GW Ocean Wind 1 offshore wind project to Ørsted North America. With this executed agreement, Ørsted North America has reimbursed PSEG for all of its cumulative outlays in the Ocean Wind 1 project and Ørsted... Continue Reading →
(REuters) Brazil's Petrobras may look abroad for future growth, two sources with knowledge of the state-run firm's plans told Reuters, after environmental regulators dashed its hopes of exploring near the Amazon River where it had aimed to make its first major domestic oil discovery in over a decade. Petroleo Brasileiro, as the company is formally known,... Continue Reading →
(OE) U.S.-based maritime logistics and offshore services firm Crowley on Wednesday announced a new investment in Tugdock. Tugdock has developed "the world’s first road-transportable floating dry dock" known as the Tugdock Submersible Platform (TSP), to help advance offshore wind energy in the U.S. Crowley and Tugdock will explore the potential use of the platforms in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the news published in the media, informs that the information that it expects to obtain the environmental license to drill a well in the FZA-M-059 block in up to six months is not true. On May 25, the company filed a request with the Brazilian Institute for the Environment... Continue Reading →
The United States' Bureau of Ocean Energy Management (BOEM) on Tuesday issued a final environmental assessment (EA) on potential impacts from offshore wind leasing on the U.S. Outer Continental Shelf in the Gulf of Mexico, marking another step toward the potential first-ever offshore wind lease sale in the Gulf. The assessment, completed with the help... Continue Reading →
(Bloomberg) – Colombia is studying the need for more exploration contracts after a report showed oil and gas reserves dropping, according to a senior minister. The government wants to lead a transition away from fossil fuels while limiting any negative impact on the economy, Trade Minister German Umaña said Thursday in a phone interview. “We’ll... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that later this week it will file a request with Ibama to reconsider the decision to deny the environmental license to drill an exploratory well in block FZA-M-059, located in deep waters in Amapá, in accordance with the procedure provided for in the regulations. The company argues that it... Continue Reading →
(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 →
Brazil Energy Insight 