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(Reuters) Venezuelan expects to sign licenses by year-end for developing the nation's vast natural gas reserves, oil minister Pedro Tellechea said on Friday, even amid U.S. sanctions. Most of the South American country's gas reserves remain undeveloped after decades of insufficient investment, contract changes and - in recent years - U.S. sanctions to oust President... Continue Reading →
(Reuters) Guyana's Vice President Bharrat Jagdeo on Thursday said the government will not take action against a local Exxon Mobil Corp contractor after Reuters reported its owners are under a U.S. criminal investigation. Last Friday, Reuters disclosed that U.S. government officials repeatedly warned Exxon against doing business with two Guyanese mining magnates who are involved in a... Continue Reading →
Dutch-based SBM Offshore and Ireland’s renewable project developer DP Energy have set up a joint venture to pursue floating offshore wind energy opportunities off Nova Scotia, Canada. The duo said they would work to support Nova Scotia’s ambitious climate action targets and “contribute meaningfully” to the phasing out of coal from the grid. The Canadian... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media, reaffirms its commitment to investments in the Equatorial Margin, as disclosed in its Strategic Plan 2023-2027, recognizing the importance of new frontiers that ensure the country's energy security and the resources necessary for a fair and sustainable energy transition. Exploration in the... Continue Reading →
(OW) The US Bureau of Ocean Energy Management (BOEM) has completed a draft environmental assessment (EA) of the potential issuance of a research lease to the State of Maine that would grant the State the exclusive right to submit plans for a twelve-turbine, 144 MW floating wind farm for BOEM’s approval. The federal agency is... Continue Reading →
US President Joe Biden will announce today the first-ever Gulf of Mexico offshore wind lease sale as part of his administration’s efforts to boost renewable energy, according to the White House. Today, the Department of the Interior (DOI) is issuing the final sale notice for the first-ever offshore wind lease sale in the Gulf of... Continue Reading →
(Reuters) - Brazil has increased hydroelectric generation to near-record rates in 2022 and 2023 – reducing the need to import liquefied natural gas (LNG) and freeing cargoes to be redirected to ease the gas shortage in Europe. Brazil’s total electrical generation rose by +21 billion kilowatt-hours (kWh) to a record 677 billion kWh in 2022,... Continue Reading →
(OET) Flotation Energy has signed a multi-million-dollar deal to start environmental surveys in the Bass Strait region in Australia despite licences for potential offshore wind projects not being awarded until later this year. Flotation Energy signed a USD 22 million contract with RPS to commence its two-and-a-half-year programme of environmental surveys for the 1.5 GW... Continue Reading →
(OW) Massachusetts’s electric distribution companies Eversource Energy, National Grid and Unitil have agreed to terminate their power purchase agreements (PPAs) for the Commonwealth Wind offshore wind farm at the request of the project developer, Iberdrola-owned Avangrid, which will pay USD 48 million in penalties for the termination that is yet to be approved by the... Continue Reading →
(Reuters) Portugal has increased its ambitions for offshore wind energy and has sharply raised its target for a first auction of offshore floating windfarm licenses, Environment Minister Duarte Cordeiro told Reuters on Tuesday. Cordeiro said the sale, due to take place by the end of the year, will target a total installed capacity of between... Continue Reading →
Brazil Energy Insight 