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(Reuters) - The Democratic Republic of Congo is in talks with oil companies over around $160 million in back payments in a bid to avoid nation-wide fuel shortages that hit the country in September, the government said on Monday. Long queues formed at gas stations in major cities earlier this year as stocks dwindled -... Continue Reading →
(Reuters) - Argentine state-owned energy firm YPF (<YPFD.BA>) has seen its bonds and shares take off this year, despite a wider economic malaise, with hope of a shale boom in the South American nation's huge Vaca Muerta formation luring investors. The state firm's bonds have risen between 5-11% this year, even as some sovereign debt has plummeted... Continue Reading →
(RE) A vast network of long-distance shipping and pipeline routes will be built by 2050 for the trading of just over 60% of the world’s hydrogen supply, according to a new report by Hydrogen Council and the consulting firm McKinsey. In a “cost-optimal world”, half of the 400 million tonnes of H2 they expect to be... Continue Reading →
(Reuters) Ecuador is planning to offer, most likely in 2024, blocks for offshore exploration and production of natural gas at the Gulf of Guayaquil, following auctions for onshore areas to be completed next year, Energy Minister Xavier Vera said on Monday. Vera expects to greenlight a proposal in the coming months once blocks are defined... Continue Reading →
(Reuters) - The trading arm of Russia's Lukoil, Litasco, has moved part of its operations to Dubai over the last few months as European sanctions on Moscow push traders to neutral territory, according to trade sources familiar with the matter. Litasco, based in Switzerland, has moved at least 15 people to Dubai where it previously... Continue Reading →
(epbr) Eneva is considering buying stakes in large offshore natural gas discoveries in the Sergipe-Alagoas Basin. The epbr agency found that the agreement is not yet closed, but Eneva's interest is to enter the assets, under Petrobras operation, to increase the share of national gas available in its commercialization and development of new business portfolio.... Continue Reading →
(OEM) The geophysical and environmental survey works for the Salamander floating offshore wind project in Scotland have been completed, marking a significant milestone for the 100 MW project that is planned to be progressed through of the Scottish Innovation and Targeted Oil and Gas (INTOG) leasing round. The survey activities commenced on 7 August and... Continue Reading →
(OE) A consortium between the offshore engineering firm DORIS and the Korean shipbuilding and offshore engineering giant Hyundai Heavy Industries has won a Front-End Engineering Design (FEED) contract for a floating wind project in South Korea. The contract has been awarded by Corio Generation and TotalEnergies for their Ulsan Gray Whale 3 Offshore Wind Farm... Continue Reading →
(OM) TC Energy has contracted Allseas to install a 36-inch offshore pipeline delivering gas to southeast Mexico. The Southeast Gateway line will run about 700 km south along the coast from Tuxpan connecting the ports of Coatzacoalcos and Dos Bocas. This is also the first major natural gas infrastructure project commissioned by the alliance between TC Energy... Continue Reading →
(PN) The National Petroleum Agency (ANP) approved the revision of the Development Plan for the Baúna field, presented by Australian Karoon – operator of the area. With the actions proposed in the plan, the oil company intends to invest around US$ 378 million in the field, increasing the oil reserves and the recovery factor in... Continue Reading →
Brazil Energy Insight 