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(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 →
(Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) expects to do exploratory drilling next year near the mouth of the Amazon River, along the coast of the state of Amapa, Chief Executive Jean Paul Prates said. The region is part of Brazil's Equatorial Margin, an area that Petrobras considers its most promising new frontier for oil and... Continue Reading →
(OE) The Copenhagen Infrastructure Partners-led Pentland Floating Offshore Wind Farm project in Scotland has submitted an application to vary its Section 36 consent and associated marine licenses as a result of further survey work and advancements in project design. The S36 Consent and associated marine licenses were granted by the Scottish Government Marine Directorate for... Continue Reading →
(OET) As the energy transition spreads its wing, new low-carbon and green sources of supply are springing up, however, Wood Mackenzie, an energy intelligence group, believes that these emerging sectors will not be able to usher in a net-zero by 2050 era without carbon capture, utilization and storage (CCUS). As a result, the company emphasizes the... Continue Reading →
