Norwegian energy company Equinor said it has been selected to provide New York State with offshore wind power in one of the United States' largest renewable energy procurements to date. Under the award, Equinor and partner BP will provide 1,260 megawatts (MW) of renewable offshore wind power from Empire Wind 2, and another 1,230 MW... Continue Reading →
Total, Apache Make Another Oil Find Offshore Suriname
French oil giant Total and its partner Apache said Thursday they'd made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous offshore discoveries in the Block at Maka Central, Sapakara West and Kwaskwasi prospects. Using the Noble Sam Croft drillship, the well... Continue Reading →
New Fortress Energy to Acquire Power Purchase Agreements and Build LNG-to-Power Project at the Suape Port in Brazil
(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”) today announced that it has signed a Memorandum of Understanding (“MOU”) with Petrobras Distribuidora S.A. (“BR”) and CCETC Brasil Holding Ltda. (“CCETC”) to acquire 288MW of 15-year power purchase agreements (“PPAs”) and intends to develop an LNG terminal and gas-fired power plant at the Suape Port in... Continue Reading →
New Fortress Energy to buy Hygo Energy (Golar) for $2.18 billion
(Reuters) - New Fortress Energy Inc said on Wednesday it would buy Hygo Energy Transition Ltd, a 50-50 joint venture between Golar LNG Ltd and Stonepeak Infrastructure Fund II Cayman, for $2.18 billion to expand its presence in South America. The deal is less than four months after the then chief executive of Hygo, which... Continue Reading →
ANP forecasts a gradual growth in production in the coming years
ANP forecasts a gradual growth in production in the coming years, reaching 571.5 thousand m³ / day (3.6 million barrels per day) of oil and 173.2 million m³ / d of natural gas in 2025 . - It represents an increase of 23% in relation to 2021, in the case of oil, and 34% in... Continue Reading →
DBO Energy takes the lead in bid for Petrobras divestment Golfinho Cluster
(Reuters) DBO Energy, an oil and gas company supported by Germany's RWE AG, is in bilateral negotiations with Petrobras to buy the Golfinho oil hub, two sources said, as the Brazilian oil company moves forward with its ambitious divestment program. Golfinho is one of dozens of production assets that Petrobras put up for sale in... Continue Reading →
Former Shell Upstream Boss to Become CEO of Galp
Former Shell director Andy Brown will become CEO at Portuguese oil and energy company Galp Energia from Feb. 19, the company said, with boss Carlos Gomes da Silva leaving two years before the end of his mandate. The decision was agreed upon by Gomes da Silva and board chair Paula Amorim, and will be submitted... Continue Reading →
Premier Oil shareholders sign off on Chrysaor merger
A merger between Premier Oil and Chrysaor has been approved by Premier’s shareholders and the deal is expected to close by the end of the first quarter this year. Premier reached an agreement with Harbour’s UK operating company Chrysaor regarding a proposed all-share merger between Premier and Chrysaor and the reorganisation of Premier’s existing debt and... Continue Reading →
ExxonMobil gearing up to spud wildcat well off Brazil
Oil major ExxonMobil is preparing to drill an exploration well in waters offshore Brazil, using Seadrill’s West Saturn drillship. Petroleo Hoje, a Brazilian publisher specializing in oil and gas news, reported on Monday that ExxonMobil and Seadrill are preparing for the drilling campaign in the country and the West Saturn drillship is already located at... Continue Reading →
Transpetro: Federal Police triggers 79th Phase of Operation Lava Jato (Car Wash)
The Federal Police, in cooperation with the Federal Prosecutor's Office and the Federal Revenue Service, triggered this morning the 79th Phase of Operation Lava Jato, called “Vernissage”. About 70 federal police officers and 10 Internal Revenue Service auditors served 11 Search and Seizure warrants in Brasília / DF (2), São Luís / MA (3), Angra... Continue Reading →