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Petrobras made new advances in its exploratory program in the Santos Basin. This time, the company started drilling the second extension well in block SM-623, where the Sagitario prospect is located. The well received the technical name 3-BRSA-1388D-SPS and is located in a water depth of 1,867 meters. Drilling meets a requirement made by the... Continue Reading →
(Reuters) - Nascent oil producer Guyana is not interested in joining the Organization of the Petroleum Exporting Countries (OPEC), Guyanese Vice-President Bharrat Jagdeo said on Monday, as the South American country looks to rapidly boost production and attract new operators. Guyana - which has become one of fastest growing crude-oil producers in the world since... Continue Reading →
(OW) Eneco and Equinor have joined forces to participate in the upcoming 4 GW IJmuiden Ver Alpha and Beta offshore wind farm zone tenders. The two companies said they want to contribute to the Netherlands reaching its decarbonisation targets by integrating offshore wind into the Dutch energy system while ensuring biodiversity, and co-existence with marine... Continue Reading →
(PN) The court of the Administrative Council for Economic Defense (CADE) gave the green light for the sale of Lubrificantes e Derivados de Petróleo do Nordeste (Lubnor), in Ceará, to Grepar. The transaction was unanimously approved and the process was reported by board member Lenisa Rodrigues (photo). However, the plant will be sold through a... Continue Reading →
Portuguese energy company Galp has decided to join forces with French energy major TotalEnergies to explore the potential development of wind projects offshore Portugal. The partnership combines Galp’s knowledge of the Portuguese market with TotalEnergies’ expertise in large-scale offshore wind projects, according to the press release. The partners said that they intend to contribute with... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) and Guyana are in talks over which unexplored offshore areas will be returned to the government, people close to the discussions said, as the nascent oil nation seeks to attract new operators to the country. The Exxon-led consortium that controls offshore production in Guyana this year was required to return 20%... Continue Reading →
(Reuters) - BP (BP.L) and Orsted (ORSTED.CO) have resolved a dispute over an overlapping zone in the UK North Sea between the BP-led Endurance carbon capture project and the Danish firm's planned Hornsea 4 windfarm, the companies said in a letter published by UK authorities. Britain granted preliminary licences for both proposed projects more than a decade ago, when an overlap... Continue Reading →
(OW) Equinor has entered into a long-term partnership agreement with Wergeland Group as the preferred supplier for the fabrication of foundations and the assembly of turbines for floating offshore wind. At the same time, Equinor and partner Vårgrønn confirm which floater concept will be developed for the Utsira North (Utsira Nord) project. The facilities at... Continue Reading →
(Reuters) - Guyana will postpone by about one month its first offshore oil blocks auction as the country finalizes new terms of the country's oil and gas regulatory framework, Vice President Bharrat Jagdeo told Reuters on Friday. The South American nation has three times before delayed the offer of 14 offshore blocks intended to recruit... Continue Reading →
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced today that it made a proposal to the Board of Directors of DOF Group ASA (“DOF”) on Thursday 15 June 2023 to acquire the entire issued share capital of DOF. Subsea7 has offered holders of DOF equity NOK 35 per share, comprised of NOK 7 in... Continue Reading →
Brazil Energy Insight 