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Frontera Energy Corporation and CGX Energy have received a notice from the Government of Guyana for the cancelation of license for the Corentyne block offshore the South American country. According to the joint venture partners, Guyana has taken the position that the license, together with the petroleum agreement with the government, has terminated and that,... Continue Reading →
(Reuters) Guyana's government plans to issue two licenses this year for oil and gas projects, one for Exxon Mobil's seventh development in the country, Hammerhead, and one for the nation's first natural gas development, Energy Minister Vickram Bharrat told Parliament on Friday. The gas license is conditional on a green light to Exxon and Fulcrum... Continue Reading →
(Reuters) Portugal's government has approved four areas in the Atlantic Ocean where offshore wind farms can be installed, moving a step closer to launching the first licensing auction of offshore capacity, which it plans this year. Two of the areas are off the coast of Viana do Castelo in northern Portugal, one near the port... Continue Reading →
(offshore-energy.biz) Isle of Man-headquartered oil and gas company Challenger Energy Group (CEG) is making progress in setting the stage to embark on a formal farm-out process later this year for a shallow water exploration block off the coast of Uruguay. As the firm is also expected to make up its mind about assets in Trinidad and... Continue Reading →
(offshoreWIND.biz) EDF Renewables has applied for environmental investigations for five offshore wind projects in Brazil, totalling over 10 GW in potential installed capacity. The developer also plans another 2 GW project in the country in partnership with the Brazilian company Internacional Energias Renováveis. According to documents from Brazil’s Institute for the Environment and Natural Resources... Continue Reading →
(Reuters) Toronto-listed Frontera Energy and partner CGX Energy are seeking alternatives to resolve a dispute with Guyana over rights to retain an offshore block where they found oil, but should they fail to reach an agreement, the matter is set to go to an arbitration court, the vice president said. Guyanese Vice President Bharrat Jagdeo... Continue Reading →
(offshoreWIND.biz) Sweden’s Hexicon has obtained the necessary regulatory clearance to acquire a controlling stake in the 1,125 MW MunmuBaram floating offshore wind farm in South Korea. The South Korean Electricity Regulatory Commission (KOREC) has approved the transfer of two out of three Electricity Business Licenses (EBLs) for the MunmuBaram floating offshore wind project. With this... Continue Reading →
(offshoreWIND.biz) The 96 MW Jeonnam 1 offshore wind farm in South Korea, jointly developed by Copenhagen Infrastructure Partners (CIP), SK Innovation E&S, and Copenhagen Offshore Partners (COP), has delivered its first power. Construction on the Jeonnam 1 offshore wind project started in early 2023, with turbine installation commencing in September 2024. Located off the coast... Continue Reading →
(Reuters) Angola intends to replicate its maiden multi-year licensing round for oil and gas acreage from 2026, a senior government energy official said on Thursday, as the country looks to boost production and investment. The first multi-year auction for 50 onshore and offshore blocks was for 2019-2025, as Angola strives to arrest a steep decline... Continue Reading →
(offshoreWIND.biz) Norway’s Deep Wind Offshore has submitted an application for an area lease to develop one floating and one fixed-bottom offshore wind project along the Chilean coastline. The Chilean government has set a target of 60 per cent of the country’s electricity to be generated from renewable sources by 2030. By 2040, the annual electricity... Continue Reading →
Brazil Energy Insight 