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(OE) Challenger Energy has, through its wholly-owned Uruguayan subsidiary CEG Uruguay, entered into farm-out agreement with Chevron for the 60% interest in the AREA OFF-1 block offshore Uruguay. As part of the agreement, Chevron will acquire a 60% participating interest in the AREA OFF-1 block, and will assume operatorship of the block, while CEG Uruguay... Continue Reading →
(Oilprice.com) Exxon and Malaysia’s state-run Petronas will extend exploration for a gas discovery off the coast of Suriname, the country’s national oil company, Staatsolie, said on Monday. Eyeing a repeat of the huge oil and gas success in the same basin offshore Guyana, explorers in Suriname are also reportedly considering a floating LNG project. Exploration... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in continuity with the announcement made on April 26, 2023 and February 6, 2024, informs that the agreement with the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to close the lawsuit involving the recalculation of government participation (royalties and special participation) related to oil production in the Jubarte... Continue Reading →
(GIS) Engie North America secured over $1 billion in tax equity financing from JPMorgan, Goldman Sachs, and BNP Paribas to finance the development of six renewable projects, focusing on diverse U.S. markets under the ERCOT, MISO, and SPP regions, with a combined capacity of 1.3 gigawatts. Engie's involvement in the ERCOT market is important including a collaboration with Schneider Electric on a solar-plus-storage... Continue Reading →
(OE) New York officials on Thursday awarded provisional contracts to two proposed offshore wind projects under a program meant to support the embattled industry and keep the state's clean energy goals on track. The state selected a planned 810-megawatt project, Empire Wind 1, (developed by Equinor) and Sunrise Wind, a planned 924-megawatt project (developed by... Continue Reading →
(Reuters) Trinidad and Tobago on Thursday extended by almost two months a deadline to submit bids for an auction of shallow-water oil and gas blocks, the government said. Trinidad is Latin America's largest producer of liquefied natural gas (LNG) with installed capacity of 15 million metric tons per year, and one of the world's biggest exporters of methanol... Continue Reading →
(PN) The National Secretary for Energy Transition and Planning of the Ministry of Mines and Energy, Thiago Barral, participated this week in a joint hearing of the Infrastructure Services Commission (CI) and the Senate Environment Commission. At the meeting, he discussed the initiatives of the National Hydrogen Program (PNH2). In his speech, Barral highlighted that... Continue Reading →
(PN) Petrobras took a new step in its exploration program in the Espírito Santo Basin. The company started drilling well 1-BRSA-1391-ESS, in block ES-M-596, in a water depth of 2,100 meters. The activity is being carried out with the Norbe IX drillship, from Foresea, according to information from the National Petroleum Agency (ANP). The ES-M-596... Continue Reading →
(OE) The U.S. Bureau of Ocean Energy Management (BOEM) has completed the environmental review of the proposed 2.6 GW New England Wind project offshore Massachusetts, being proposed by Avangrid’s unit Park City Wind. BOEM estimates the proposed project would generate up to 2,600 MW of electricity, enough to power more than 900,000 homes with clean,... Continue Reading →
(Reuters) Exxon Mobil Corp said on Monday it may preempt Chevron Corp's acquisition of a 30% stake in a giant Guyana oil block, the centerpiece of its deal for Hess Corp. The companies are in talks on Exxon's claim it has a right to first refusal of any sale of the Stabroek block, a giant field off the coast... Continue Reading →
