Venezuela opposition leader Maria Corina Machado pushes for energy investment security, transparency

March 24 (Reuters) - Venezuela opposition leader Maria Corina Machado told Reuters on Tuesday ​that early interest in Venezuela's oil sector is positive but she called for more transparency and contract security, including a new oil law, to further increase crude and ‌gas output in the South American country. In January, Venezuela's National Assembly approved... Continue Reading →

The Brazilian Federal Court of Accounts (TCU) Audits Petrobras’ Contracting of Floating Production Storage and Offloading (FPSO) Vessels

The Brazilian Federal Court of Accounts (TCU) conducted an audit to analyze how Petrobras contracts and operates FPSOs. These vessels are used to process oil and gas at sea, store it, and then transfer it to other ships. They are important for Petrobras because they are more flexible and faster to install than stationary exploration... Continue Reading →

US Gov’t Drafting Agreements to Pay French Developer Nearly USD 1 Billion to Cancel Offshore Wind Leases – Reports

March 17 (offshoreWIND.biz) The US government is working on settlement agreements that involve the government cancelling TotalEnergies’ Attentive Energy and Carolina Long Bay offshore wind leases and reimbursing the French energy company USD 928 million (around EUR 806 million) for the financial bids through which it secured the two areas in lease sales during the... Continue Reading →

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