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(OW) The US Bureau of Ocean Energy Management (BOEM) has identified a draft Wind Energy Area (WEA) offshore the Gulf of Maine holding an estimated 40 GW of capacity which will be put up for a lease sale in 2024. The Draft WEA covers approximately 3,519,067 acres offshore Maine, Massachusetts, and New Hampshire, ranging from approximately... Continue Reading →
French company TotalEnergies made its second hydrocarbon discovery in block C-M-541, located in the pre-salt of the Santos Basin. The oil company informed the National Petroleum Agency (ANP) that it found signs of natural gas in well 1-TOT-3-RJS, in a water depth of 3,022 meters. To remember, TotalEnergies had already found oil and gas in... Continue Reading →
(OEE) Portuguese oil and gas company Galp is gearing up to start drilling a well in an offshore block in Namibia, near the giant oil discoveries made recently by TotalEnergies and Shell. In May, Galp entered into a contract with SFL Corporation for the semi-submersible rig Hercules. The 115-day contract, prior to any extension option exercise, is... Continue Reading →
(TN) Five blocks will be on offer in the public session of the 2nd Cycle of the Permanent Production Sharing Offer (OPP): Cruzeiro do Sul, Esmeralda, Jade, Tupinambá and Turmalina. The public session will take place on 12/13. The blocks on offer in the 2nd Cycle of the OPP were by the Special Bidding Committee... Continue Reading →
(Reuters) The United States has granted an amendment requested by the government of Trinidad and Tobago to a license allowing the joint development of an offshore gas project with Venezuela, the Caribbean country's Energy Minister Stuart Young said on Tuesday. The amendment would allow payments in hard currency or in kind to Venezuela for any gas supplied by state-run... Continue Reading →
(Reuters) More than 20 companies including Exxon Mobil, a unit of Saudi Aramco, BP and Shell have submitted bids to compete for a contract to market Guyana's share of oil production, the government said on Tuesday. The 12-month contract, which allows the country to export its portion of crude produced offshore by a consortium led... Continue Reading →
(Reuters) - Considerable private investment is required to scale up the low-carbon hydrogen economy in the United States by 2030, a report by consultancy Wood Mackenzie said on Tuesday, adding that the $7 billion allotted by the U.S. Department of Energy (DoE) to regional hubs was a significant step. Last week, the Biden administration announced... Continue Reading →
(Reuters) - Exxon Mobil Corp. (XOM.N) expects to make a final investment decision on its sixth oil project in Guyana by the first quarter of 2024, the company's country chief Alistair Routledge said on Tuesday. In August, Exxon and partners proposed a plan to spend $12.93 billion to develop the Whiptail offshore oil project. The floating production... Continue Reading →
ANP published the executive summary of the new development areas of Raia Manta and Raia Pintada, originating from recent declarations of commerciality for block C-M-539, in the Campos Basin. The block is operated by the company Equinor Energy do Brasil Ltda., which sent the commerciality declarations to the ANP on 9/20. Block C-M-539, arising from... Continue Reading →
(TN) The National Petroleum Agency (ANP) released the list of 33 sectors with exploratory blocks and an area with marginal accumulation that will be in the auction of the 4th Cycle of the Permanent Concession Offer, which is scheduled for December 13th. The auction will have blocks offered in the following basins: Amazonas, Espírito Santo,... Continue Reading →
Brazil Energy Insight 