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(Reuters) - Private equity firms Kayne Anderson Capital Advisors and Warburg Pincus are exploring a sale of Terra Energy Partners LLC, seeking as much as $2.5 billion, including debt, for the natural gas producer, people familiar with the matter said. The buyout firms launched an auction process to sell their majority stake in Terra earlier... Continue Reading →
(TN) Decree 10,946/2022, published in January 2022, established guidelines for the generation of electricity on the high seas and brought good prospects for companies and entities in the sector. With highly favorable natural conditions, it is estimated that the Brazilian offshore wind potential is around 700 GW – four times the country's installed capacity. According... Continue Reading →
Brazilian oil and gas company Enauta has been granted an extension of the concession agreement for a field located offshore Brazil, enabling it to put its development plan into motion in a bid to ramp up output from the field and increase hydrocarbon reserves. Enauta revealed on Thursday that the National Agency of Petroleum, Natural Gas... Continue Reading →
Falck Renewables and BlueFloat Energy have proposed to build a 975MW floating offshore wind farm off the northeastern coast of Sardinia, Italy. The wind farm's name would be Tibula Energia. Before starting the Ministerial authorization process, the developers said they were holding a number of meetings with local stakeholders to present the project proposal in... Continue Reading →
(Reuters) - Shell (SHEL.L) and Brazil's Porto do Açu have agreed to jointly build a green hydrogen plant, executives told Reuters, a deal that could result in the debut of the up-and-coming technology in South America's largest nation. Under the terms of a memorandum of understanding signed on Thursday and first disclosed to the news agency, the... Continue Reading →
(WO) Offshore wind continues to play a vital role in the global Energy Transition. It was another record breaking year in 2021 for the offshore wind industry, with record start-ups (84 farms, 18.5 GW, 3,400 turbines) increasing global active capacity 58% to an all- time high of 50.5 GW. This takes offshore wind to approximately 0.3%... Continue Reading →
Ireland-based floating wind developer Simply Blue Group on Thursday unveiled plans for two floating wind projects of a combined 4,75GW capacity offshore Sweden. The 2 GW Skidbladner floating wind project is located 100 km southeast of Stockholm and the 2.75GW Herkules floating wind project, is approximately 60 km Southeast of the Island of Gotland. Simply... Continue Reading →
(Reuters) - Colombia's majority state-owned energy company, Ecopetrol (ECO.CN), on Wednesday announced an agreement to develop four offshore, deep-water blocks with a subsidiary of U.S. oil major Occidental (OXY.N). The four blocks are located in deep waters some 150 kilometers off Colombia's northern Caribbean coast, Ecopetrol said in a statement. Ecopetrol will take a 40% stake in... Continue Reading →
(OE) Liza Unity is the second floating production, storage, and offloading unit of several expected to be deployed at ExxonMobil's Stabroek block off Guyana in the years to come. The FPSO, delivered by the Dutch FPSO specialist SBM Offshore, started producing oil in February. At peak, the FPSO will produce 220,000 barrels of oil per day. For... Continue Reading →
(Reuters) U.S.-based oil producer Talos Energy has temporarily suspended pursuit of an arbitration claim against Mexico amid high-level talks over one of the country's flagship offshore projects, five people close to the matter said. The dispute erupted after Mexico selected state-run Petroleos Mexicanos (Pemex) as the operator of their shared 850-million-barrel Zama field ahead of Talos,... Continue Reading →
Brazil Energy Insight 