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Frontera Energy Corporation and CGX Energy have received a notice from the Government of Guyana for the cancelation of license for the Corentyne block offshore the South American country. According to the joint venture partners, Guyana has taken the position that the license, together with the petroleum agreement with the government, has terminated and that,... Continue Reading →
(Reuters) - Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental Petroleum in the U.S. Permian basin in Texas. There had been uncertainty over the future of the joint venture after Ecopetrol, which is majority state owned, backed out of a separate deal last August to acquire $3.6... Continue Reading →
(OE) Australian oil and gas company Red Sky Energy has signed a risk service contract with the Angolan National Agency for Oil, Gas and Biofuels (ANPG), acquiring 35% interest in Sonangol-operated Block 6/24 in the Kwanza Basin, offshore Angola. Sonangol E&P is the operator of the Block with a 50% participating interest. Red Sky Energy... Continue Reading →
(Reuters) - Japan's industry and land ministries on Tuesday selected two consortiums, one including energy major BP, as operators for two offshore wind blocks in a third major round of public auctions. The results of this round held under a law promoting wind power development, were closely watched by domestic and international energy companies weighing... Continue Reading →
(offshoreWIND.biz) Flotation Energy and Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have awarded the front-end engineering and design (FEED) contracts for the 560 MW Green Volt floating offshore wind project in Scotland to two partnerships. Aker Solutions, in collaboration with ABB, and Aibel, working with Hitachi Energy, will handle the FEED Phase 1... Continue Reading →
(Reuters) Toronto-listed Frontera Energy and partner CGX Energy are seeking alternatives to resolve a dispute with Guyana over rights to retain an offshore block where they found oil, but should they fail to reach an agreement, the matter is set to go to an arbitration court, the vice president said. Guyanese Vice President Bharrat Jagdeo... Continue Reading →
Energy major BP and Japan’s largest power generation company JERA have agreed to combine their offshore wind businesses to form a new standalone, equally-owned joint venture that will become one of the largest global offshore wind developers, owners and operators, named JERA Nex BP. The combination will create a global business with a balanced mix... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the announcement made on November 16, 2023, informs that it has signed today a Heads of Agreement (HoA) with the Danish company European Energy. This agreement is an important step in negotiations to structure a business partnership aimed at implementing a commercial-scale e-methanol plant in Brazil, to... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras is in talks with Raizen, BP and Inpasa for a possible joint venture in ethanol, two sources told Reuters, as the firm's CEO aims big in a comeback to the sector. Petrobras is in talks with four or five firms in the ethanol business, Chief Executive Magda Chambriard told... Continue Reading →
(Reuters) - Flotation Energy and Vaargroenn, a joint venture between Eni unit Plenitude and private equity firm HitecVision, said on Tuesday their floating offshore wind project Green Volt won a contract at Britain's latest renewable power auction. The 2.5 billion pound ($3.28 billion) initiative, which is expected to have a capacity of up to 560 megawatts, is... Continue Reading →
Brazil Energy Insight 