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(Reuters) - Mexico's government will bolster state-owned oil firm Pemex's capacity to pay down debt this year by deferring about $2 billion in taxes the company owes the state, Mexican Deputy Finance Minister Gabriel Yorio said on Thursday. Pemex, which had financial debt totaling nearly $108 billion at the close of last year, pays a... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 03/31/2023 and 03/14/2023, informs that it obtained, yesterday, on 04/12/2023, authorization from the Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP) to resume production from the facilities of the Fazenda Bálsamo field, continuing the clearance works at the Bahia Terra Cluster (Cluster).... Continue Reading →
Philip Lewis, Contributor Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain. There has been much focus on the emerging floating wind market of late. The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of at... Continue Reading →
(Reuters) Guyana's closely watched auction of 14 offshore oil blocks faces a delay with the South American country pushing back the deadline for oil explorers to submit bids to mid-July. The three-month delay is in response to industry feedback and the need for modernizing the country's oil and gas regulatory framework, which is expected to... Continue Reading →
Engineering and design service provider Kent has been awarded a contract by EnBW and BP to carry out pre-Front End Engineering Design (FEED) studies for the 2.9 GW Morven offshore wind project in Scotland. The pre-FEED studies, which are expected to last six months, will involve engineering design work that supports key decisions, foundation type, corrosion... Continue Reading →
Shell and Hexicon, through their joint venture in South Korea, have appointed K2 Management (K2M) as Lender’s Technical Advisor for the MunmuBaram project, a 1.3 GW floating wind farm planned to be built between 65 and 80 kilometres offshore the city of Ulsan. The Denmark-headquartered K2 Management will first review the general project status and... Continue Reading →
The Brazilian Institute of the Environment (IBAMA) authorized Petrobras to start operating the FPSO Almirante Barroso – which is already moored in the Búzios field, in the Santos Basin. The license will be valid for eight years. The platform vessel was named in honor of the commander who led the victorious Brazilian naval force in... Continue Reading →
As the global energy crisis demonstrated last year that the energy security of certain countries hangs by a thread, the American Petroleum Institute (API), a trade association representing the oil and gas industry, has called on the Biden administration to address – what it sees as – the broken permitting process, which is halting U.S. energy... Continue Reading →
(OE) U.S. offshore shipbuilder and shipowner Edison Chouest this week marked the 50-percent completion milestone for the U.S.-flagged ECO Edison, the first Jones Act-compliant wind farm SOV. Senior executives from offshore wind developers Ørsted and Eversource toured the Edison Chouest Offshore shipyard in Louisiana to see the progress on the SOV. ECO Edison will be... Continue Reading →
A new record for the successful history of the Brazilian pre-salt. The National Petroleum Agency (ANP) announced that production in the layer in February totaled 3.268 million barrels of oil equivalent per day, growth of 2.3% compared to January. The volume surpassed the previous record of 3.142 million barrels of oil equivalent per day, recorded... Continue Reading →
Brazil Energy Insight 