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(Reuters) - Guyana, which has jumped into the forefront of offshore oil exploration, is using its inland forests to tap carbon markets, in a business the government sees as more profitable than using the acreage for mining or agriculture, Vice President Bharrat Jagdeo said on Wednesday. The South American country, one of the fastest growing... Continue Reading →
The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has made adjustments to monetary penalties for oil and gas companies, implementing the 2023 inflation adjustments for the maximum daily civil monetary penalties contained in BOEM regulations in accordance with Federal law. The Bureau of Ocean Energy Management made the final rule announcement on Tuesday, 14 February... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in Corporate Governance informs its investors and the market in general the preliminary unaudited production data for January 2023. Source 3R Petroleum (1) Refers to the 35% Interest held by 3R in Pescada Cluster concessions. (2) In January, approximately 70% of... Continue Reading →
(epbr) The oil companies returned to the Union three more exploratory blocks, acquired in the cycle of the major post-2017 oil and gas auctions, according to preliminary data from the National Agency of Petroleum, Natural Gas and Biofuels (ANP). Highlight for Saturno, in the Santos Basin, purchased in 2018, in the 5th sharing round, by... Continue Reading →
The US Bureau of Ocean Energy Management (BOEM) has issued a Draft Environmental Impact Statement (DEIS) for the SouthCoast Wind project offshore Massachusetts, the 2.4 GW offshore wind project formerly known as Mayflower Wind, developed by a joint venture between Shell and Ocean Winds. BOEM will open a 45-day public comment period for the DEIS... Continue Reading →
(Reuters) Guyana expects to finalize a new oil production-sharing agreement model on time for an auction that will collect bids through mid-April, the country's vice president told an energy conference on Tuesday. The South American country has emerged as one of the hottest offshore areas in decades with as much as 25 billion barrels of... Continue Reading →
(Reuters) - Brazilian central bank governor Roberto Campos Neto said on Tuesday the country is not at a moment when "it would be good to experiment" on monetary policy, reinforcing that raising the inflation target would not give policymakers flexibility. Speaking at an event hosted by BTG Pactual, he reiterated that the tool of monetary policy is... Continue Reading →
Atlantic Shores Offshore Wind, a 50:50 US partnership between Shell and EDF Renewables, has joined the Northeast Clean Hydrogen Hub, a major multi-state initiative in the US that plans to develop a proposal to become one of up to 10 regional clean hydrogen hubs in the country. The developer of a 1.5 GW offshore wind project in... Continue Reading →
(Reuters) - As oil industry officials from around the world descend on Guyana for a conference to showcase its potential as an oil power, the biggest player in its oil boom still has decisions to make on its future in the South American country. Liam Mallon, president of Exxon Mobil's oil and gas production business... Continue Reading →
(Reuters Breakingviews) - Heated trade tensions could cool if the United States and the European Union make concessions on hydrogen. Washington’s Inflation Reduction Act includes subsidies that could slash the cost of the element’s sustainably produced “green” version by 2030. If the EU can negotiate better access to America’s production chain while attractively managing its future import... Continue Reading →
Brazil Energy Insight 