Brought to you by Quest Offshore & Southern Cone Consultants
(epbr) TotalEnergies submitted four more licensing applications at IBAMA for offshore wind farms off the Brazilian coast. Together, the projects in Rio de Janeiro, Rio Grande do Norte, Rio Grande do Sul and Piauí total 12.1 GW in installed capacity. The oil company already has another 9 GW in three offshore wind projects under licensing.... Continue Reading →
(Bloomberg) -- The privatization of state-run oil company YPF SA is no longer included in sweeping reforms that President Javier Milei is trying to get approved by Argentina’s congress, according to a summary of the legislation circulated by the government Monday. The so-called omnibus bill, currently up for debate in the lower house, was changed... Continue Reading →
(OM) Brazil’s administrative authority Controladoria-Geral da União has served a sanctioning measure issued against Saipem SA and Saipem do Brasil. This involves the temporary suspension from contracting with the Brazilian public administration for two years, based on alleged irregularities related to the award in December 2011 of a contract to install a gas pipeline. The... Continue Reading →
(OW) Europe’s offshore wind industry brought online a record 4.2 GW of new capacity in 2023 and is expected to build around 5 GW of offshore wind annually over the next three years, according to WindEurope data. However, this is still not enough to meet the continent’s 2030 climate and energy security targets, WindEurope added.... Continue Reading →
(Reuters) - Spanish energy giant Repsol (REP.MC) faces a class action lawsuit with 30,000 alleged victims in Peru stemming from a major oil spill in 2022, the law firm representing the class said on Monday, as a small protest marked two years since the incident. The class action lawsuit is asking for a $1 billion judgment, local... Continue Reading →
(Reuters) The Brazilian administrative authority has suspended Italy's Saipem and its subsidiary Saipem do Brasil from contracting with the country's public administration for two years, the engineering and construction group said on Friday. The decision stems from the final ruling in the administrative proceedings initiated against the companies in relation to alleged irregularities in the... Continue Reading →
(U) Australian engineering and services giant Worley has denied any corruption and refuted media reports that followed its recent international arbitration loss relating to historic operations in Ecuador — these reports alleged Worley had a tax liability in the South American nation. Detailing its side of the story, Worley on Wednesday confirmed that WorleyParsons (now... Continue Reading →
(Reuters) - Exxon Mobil's write-down of about $2.5 billion of troubled California properties aims to end five decades of offshore oil production in the state, but a full exit from those assets could take some time. Sable Offshore, a company created in 2020, agreed more than a year ago to pay $643 million for Exxon's... Continue Reading →
(Reuters) - Mexico's government on Friday ordered state energy company Pemex to temporarily take control of a hydrogen plant inside one of its largest refineries but operated by French company Air Liquide (AIRP.PA). President Andres Manuel Lopez Obrador, who signed a decree that declared hydrogen supply from the plant "a matter of public interest," has tightened... Continue Reading →
(BW) EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced that it has entered into definitive agreements with Novonor S.A. ("Novonor") and Brazilian Development Bank ("BNDES") to acquire Ocyan Participações S.A. ("Ocyan" or the "Company"), a Brazilian-based solutions provider to the offshore oil and gas industry, for a total amount... Continue Reading →
Brazil Energy Insight 