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(Reuters) Exxon Mobil Corp hopes to get Nigerian government approval to allow the stalled sale of its shallow water oil production operations in the West African country, a top Exxon executive told Reuters. The largest U.S. oil company will keep its deep-water assets in Nigeria despite a change in the government's leadership, Exxon Global Upstream... Continue Reading →
(Reuters) Guyana's coming auction of offshore oil exploration blocks has lured at least 10 companies including Shell, Petrobras, and Chevron, to consider the decade's hottest oil region, people close to the matter said. The South American country is offering 14 offshore blocks, a move to speed economic development and reduce an Exxon Mobil-led consortium's dominance... Continue Reading →
(Reuters) - Strength in Brazil's real currency will soon be challenged by rising worries about an ongoing downturn in Latin America's No.1 economy and disagreements among policymakers, a Reuters poll of foreign exchange specialists showed. The currency has been relatively stable close to 5.20 per U.S. dollar for months after a weak spell in the... Continue Reading →
Total production in January was 4.175 million barrels of oil equivalent per day (boe/d), of which 3.274 million barrels of oil per day (bbl/d) and 143.215 million cubic meters of natural gas per day (m³/d ). In oil, there was an increase of 6.5% compared to the previous month and 8% compared to January 2022.... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), in compliance with Official Letter No. 336/2023-SLS, issued by B3 S.A. – Brasil. Bolsa. Balcão (“B3”), on March 01st, 2023 (“Official Letter”), hereby informs that it was asked about the fluctuations recorded in the price of its common shares, the number of trades and the amount... Continue Reading →
(Reuters) Development of what would be the world’s largest wind farm off the coast of Britain is in doubt, with developer Orsted saying it needs more support from the government such as tax breaks to proceed with the project after costs soared. The 8 billion pound ($9.6 billion) Hornsea 3 project is expected to have... Continue Reading →
Flotation Energy and Vårgrønn, who recently filed a Marine Licence application for their 500 MW Green Volt floating wind farm in Scotland, have now submitted a Scoping Report for the 1.4 GW Cenos floating offshore wind farm to Marine Scotland. The developers have submitted leasing applications for both Cenos and Green Volt as part of... Continue Reading →
Houston-based Bleutec Industries announced it has received approval in principle (AIP) from the American Bureau of Shipping (ABS) for the designs of its Jones Act compliant offshore wind farm construction solution. Envisioned as an alternative to wind turbine installation vessels (WTIV), Bleutec's "binary marine installation solution" (BMIS) is a spread of DP2 vessels designed in... Continue Reading →
(OM) BW Energy is progressing its planned Maromba field development in the Campos Basin offshore Brazil, the company revealed in its latest results review. Last April it entered an agreement to purchase the FPSO Polvo from BW Offshore for deployment on Maromba following an upgrade. Discussions continue on financing this process, and planned first oil has now been pushed... Continue Reading →
(Reuters) - Peru's state-owned oil company Petroperu signed a license agreement on Tuesday to return to producing crude oil, starting at one of the country's largest oil blocks, with plans to invest $638 million in the site to develop new wells. Petroperu will take over Block 192, located in the Amazon near the border with... Continue Reading →
Brazil Energy Insight 