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(epbr) Petrobras considers that it will be important to adopt qualification criteria in the auctions of areas for the installation of offshore wind farms and thus prevent the entry of companies that do not intend to carry out the projects. “It is important to have objective criteria that separate adventurers from serious investors”, stated the... Continue Reading →
(OW) California’s Governor Gavin Newsom signed two new offshore wind bills into law on 7 October. Coming into effect on 1 January 2024, the Offshore Wind Expediting Act (bill SB 286) is set to shave five years off of the offshore wind permitting timeline, while under the California Offshore Wind Advancement Act (bill AB 3),... Continue Reading →
(OE) Despite the negative headlines around the longer-term prospects for the U.S. offshore wind segment, business intelligence company Intelatus Global Partners sees continued efforts by the federal government and, in particular, the East Coast states to find solutions to the challenges faced by the industry as whole, which can be grouped under three headings: high... Continue Reading →
By Julia Borges da Mota Partner at Murayama, Affonso Ferreira e Mota Advogados. (TN) On October 10th, the deadline for submitting proposals in a large-scale tender promoted by Petrobras ends. This tender focuses on the charter of up to 12 OSRV type vessels, all Brazilian flag. The charter process will follow the modality known as "time... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that in a session held yesterday, the First Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Board of Tax Appeals (CARF), rejected the appeal filed by the company and decided that IRPJ and CSLL taxes are due on the profits of its foreign... Continue Reading →
(PN) The Minister of Mines and Energy, Alexandre Silveira, said today that the government is working with the National Congress to approve the legal framework for the exploitation of offshore wind energy. The minister highlighted that it is necessary to take advantage of Brazil's great potential in generating energy from this source. “I have worked... Continue Reading →
Eversource Energy has completed its sale of an uncommitted lease area off the south coast of Massachusetts to its joint venture (JV) partner Ørsted for USD 625 million. The all-cash transaction, which was announced in May, closed today following approval from the Committee on Foreign Investment in the United States. The deal with Eversource provides... Continue Reading →
A Connecticut oil and gas trader already charged for his alleged role in a bribery scheme to win business from Brazil's state-owned Petrobras oil company was hit with additional charges on Tuesday, the Justice Department said. Gary Oztemel, of Riverside, Connecticut, owner of Petro Trade Services, was charged with money laundering and conspiracy to violate... Continue Reading →
Philip Lewis, Contributor Only one of three available areas was sold during the United States' first ever offshore wind lease sale in the Gulf of Mexico on Tuesday. The auction, held my the Interior Department's Bureau of Ocean Energy Management (BOEM) offered up three sites for offshore wind development, including one in Louisiana (Lake Charles) and... Continue Reading →
(OE) Oilfield services firms SLB, Subsea 7, Aker Solutions have received approvals from all relevant competition authorities to create a subsea joint venture, as proposed in August 2022. "Following clearance as of [Friday] by antitrust authorities in Brazil, all regulatory approvals/clearances required to close the transactions have been obtained, including required clearances in Angola, Mozambique, Australia, Norway,... Continue Reading →
Brazil Energy Insight 