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(OE) The Norwegian Ministry of Petroleum and Energy has given METCentre the concession to test SeaTwirl´s vertical-axis floating wind turbine. The concession comes after the Norwegian authority Norges Vassdrags- og Energidirektorat (NVE) rejected an appeal to overturn SeaTwirl’s S2x concession in Norway. The decision can therefore no longer be appealed, and SeaTwirl can now move... Continue Reading →
(Reuters) The Biden administration has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, U.S. and Trinidad officials said on Tuesday, marking a further easing of some sanctions on Venezuela. The license, issued by the U.S. Treasury Department at Trinidad's request and intended to enhance Caribbean... Continue Reading →
(epbr) The Federation of Petroleum Workers (FUP) is pressing for the immediate suspension of the sale of Petrobras assets and asked the Ministers of the Civil House, Rui Costa (PT), and Mines and Energy, Alexandre Silveira (PSD), to negotiate with the current administration to stop the ongoing negotiations. They also ask that any preparatory acts... Continue Reading →
(GN) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean Inc., its wholly-owned subsidiary has commenced an offering of U.S. $1.175 billion aggregate principal amount of senior secured notes due 2030 (the “Notes”) to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by... Continue Reading →
(Reuters) - Mexican state oil company Pemex illegally burnt off hydrocarbon resources worth more than $342 million in the three years up to August 2022 at two of its most important new fields, internal documents from the country's oil regulator showed. The three documents, produced by the regulator and dated August 2022, detail how Pemex... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it received the devolution of about R$ 456 million, recovered through a leniency agreement with UOP LLC - a subsidiary of Honeywell International Inc. - signed with the Office of the Comptroller General (CGU) and the Federal Attorney General's Office (AGU), an instrument that is part of a... Continue Reading →
The US Administration’s strategy to fast-track offshore wind development is exciting for overseas shipbuilders and service providers in the field. Joint ventures meeting Jones Act requirements will support accelerating development. Some question, however, whether ambitious 2030 targets can actually be achieved. Ulstein group is a front runner. The Norwegian-based company has already provided the design... Continue Reading →
(Reuters) - Former Brazilian President Jair Bolsonaro's loss of broad protections from prosecution when he stepped down on Sunday leaves him more exposed to criminal and electoral probes that could lead to his arrest or prevent him from running for office. Bolsonaro, a far-right nationalist, left Brazil for Florida on Friday after losing to leftist... Continue Reading →
(Reuters) - U.S. oil company Chevron Corp (CVX.N) is sending two oil tankers to Venezuela, one of which will load the first cargo of crude destined for the United States in nearly four years, according to a person familiar with the matter and shipping data. On Friday, a Chevron-chartered vessel approached the South American country's waters to... Continue Reading →
(OE) Singapore's Keppel Offshore & Marine (KOM) has reached a joint resolution with the authorities in Brazil, in relation to the corrupt payments made by a former agent of Keppel Offshore & Marine in Brazil, which was previously announced in December 2017. Back in December 2017, Keppel Offshore % Marine, reached a global resolution with... Continue Reading →
Brazil Energy Insight 