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Dec 22 (Reuters) - The Trump administration suspended leases on Monday for five large offshore wind projects that are under construction off the U.S. East Coast over what it called national security concerns, sending shares of offshore wind companies plunging. The suspension was the latest blow for offshore wind developers that have faced repeated disruptions to their... Continue Reading →
Dec. 3 (offshoreWIND.biz) The US Department of Justice (DOJ) has asked a federal court to remand the federal approval of the New England Wind offshore wind project to the Bureau of Ocean Energy Management (BOEM), which issued it last year and now wants to conduct further review, according to a filing submitted on 2 December... Continue Reading →
Nov. 25 (offshore-energy.biz) Three energy giants – France’s TotalEnergies, Qatar’s state-owned QatarEnergy, and Malaysia’s Petronas – are joining forces to explore the hydrocarbon potential of an offshore block in Guyanese waters. To this end, QatarEnergy has confirmed the signing of a production sharing agreement (PSA) for shallow-water Block S4 offshore Guyana, following the award of the block through... Continue Reading →
Nov. 24 (oilnow.gy) Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the Suriname-Guyana Basin. The initiative was formally announced by Managing Director Annand Jagesar, who stated, “This initiative opens new opportunities for exploration and production companies and aims to maintain a high level of exploration activities offshore... Continue Reading →
Nov. 17 (OE) QatarEnergy has signed a production sharing agreement for shallow-water Block S4 offshore Guyana. The block was awarded through the 2022 Guyana Licensing Round. Under the terms of the agreement, QatarEnergy will hold a 35% share, while its partners TotalEnergies will act as operator, holding 40%, with PETRONAS holding remaining 25% interest. Block... Continue Reading →
Nov. 14 - The Brazilian Institute of the Environment (Ibama) issued this week the operating license for the FPSO P-78 in the Búzios field, in the pre-salt layer of the Santos Basin. The platform has been in the field since September, awaiting approval from the environmental agency to begin operating. The first oil from the... Continue Reading →
Nov 5 (Reuters) - Orsted, the world's biggest offshore wind farm group, swung to a quarterly net loss of 1.70 billion Danish crowns ($265,50 million), it said on Wednesday, hit by U.S. President Donald Trump's trade policies and resistance to renewable energy. Orsted's shares have plummeted 85% from their 2021 peak, hit by soaring costs... Continue Reading →
Oct 30 (Reuters) - Brazil's Petrobras has authorized studies for a logistics center in the Amazonian state of Amapa, where the state-run oil firm started exploring in a promising offshore block last week, state Governor Clecio Luis told Reuters. The company's logistics subsidiary Transpetro will do the studies, Luis said, adding the center would support... Continue Reading →
Oct. 30 (offshoreWIND.biz) “The pilot plant project in Rio Grande do Norte is no longer just an idea, a dream. We are talking about something concrete, which exists”, said Rodrigo Mello, director at SENAI Institute for Innovation in Renewable Energies (ISI-ER) and its arm in the state of Rio Grande do Norte, SENAI-RN, as the... Continue Reading →
Oct. 24 - Petrobras has requested authorization from Ibama (Brazilian Institute of Environment and Renewable Natural Resources) to drill three contingent wells in the block. The oil company is currently drilling the Morpho well, in a water depth of 2,887 meters – the drilling is expected to last approximately five months. The drillship used in... Continue Reading →
Brazil Energy Insight 