Highland Council Grants Planning Permission for Pentland Floating Wind Farm’s Onshore Infrastructure

Copenhagen Infrastructure Partners-led Pentland floating offshore wind farm has been granted planning permission in principle from Scotland's Highland Council for its onshore infrastructure. To be located 7.5km off the coast of Dounreay in Caithness, Pentland will generate 100MW making it capable of providing electricity to almost 70,000 homes, equivalent to 65% of those in the... Continue Reading →

January 26, 2023 0

Mexican energy companies lag methane emission rules, investigators say

(Reuters) - Mexican oil and gas companies, including state giant Pemex, are lagging behind on their obligations to identify, report and mitigate methane emissions from their installations, an investigation by a group of non-profits found. Methane, a potent greenhouse gas that traps heat in the atmosphere, has emerged as a top threat to the climate.... Continue Reading →

January 26, 2023 0

SeaTwirl Gets Nod to Test Vertical-axis floating Wind Turbine in Norway after Appeal Rejected

(OE) The Norwegian Ministry of Petroleum and Energy has given METCentre the concession to test SeaTwirl´s vertical-axis floating wind turbine. The concession comes after the Norwegian authority Norges Vassdrags- og Energidirektorat (NVE) rejected an appeal to overturn SeaTwirl’s S2x concession in Norway. The decision can therefore no longer be appealed, and SeaTwirl can now move... Continue Reading →

January 26, 2023 0

U.S. Grants License to Trinidad and Tobago to Develop Venezuela Offshore Gas Field

(Reuters) The Biden administration has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, U.S. and Trinidad officials said on Tuesday, marking a further easing of some sanctions on Venezuela. The license, issued by the U.S. Treasury Department at Trinidad's request and intended to enhance Caribbean... Continue Reading →

January 25, 2023 0

Trinidad Weighs Direct Negotiations to Allocate Oil, Gas Areas

(Reuters) Trinidad and Tobago will consider direct negotiations with energy companies for oil and gas exploration, possibly moving away from a competitive bidding round system, Prime Minister Keith Rowley said on Monday. The talks follow difficulties attracting new companies to its recent shallow and deepwater bidding rounds, which have led the government to renegotiate terms... Continue Reading →

January 24, 2023 0

Petrobras on receiving earnout from Atapu

Petróleo Brasileiro S.A. – Petrobras, following up on the Material Facts disclosed on April 9, 2021, April 13 and 27, 2022, informs that it received today, up front, from TotalEnergies EP Brasil Ltda (TotalEnergies), the amount of R$ 313 million, regarding the complement of the firm compensation (earnout) for fiscal year 2022, related to the... Continue Reading →

January 24, 2023 0

Portugal to launch first offshore wind auction, eyes 10 GW by 2030

(Reuters) - Portugal expects to launch its first offshore wind power auction by the last quarter of this year, aiming to reach 10 gigawatts (GW) of installed capacity by 2030, Prime Minister Antonio Costa said on Monday. As a pre-condition to the auction, the government will this week launch a public hearing regarding proposals for... Continue Reading →

January 23, 2023 0

Suriname’s Oil Boom Hits A $10 Billion Snag

(OP) A series of high-quality oil discoveries in Block 58 offshore Suriname combined with investment bank Morgan Stanley estimating that the block contains 6.5 billion barrels of oil sparked optimism that Suriname will replicate Guyana’s immense oil boom. This is bolstered by evidence that the U.S. Geological Survey grossly underestimated the Guyana-Suriname Basin’s oil resources. Disappointingly, after... Continue Reading →

January 23, 2023 0

Vessel Conversions Gaining Favor in US Offshore Wind

(OE) With the creation of a full-fledged U.S. offshore wind industry undoubtedly comes many opportunities for those that own, operate, build and service relevant vessels as developers work toward the nation’s goal of 30 gigawatts (GW) of offshore wind by 2030. But for every opportunity there are at least a handful of challenges, many of... Continue Reading →

January 23, 2023 0

CGX, Frontera JV Spuds Wei-1 Offshore Guyana

A CGX Energy Inc. and Frontera Energy Corporation consortium has started drilling the Wei-1 well, on the Corentyne block, approximately 200 kilometers offshore from Georgetown, Guyana. To remind, under the Corentyne block license terms, the joint venture was previously required to spud Wei-1, the second of two commitment wells on the block, by November 27,... Continue Reading →

January 23, 2023 0

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Category: Regulatory

Highland Council Grants Planning Permission for Pentland Floating Wind Farm’s Onshore Infrastructure

Mexican energy companies lag methane emission rules, investigators say

SeaTwirl Gets Nod to Test Vertical-axis floating Wind Turbine in Norway after Appeal Rejected

U.S. Grants License to Trinidad and Tobago to Develop Venezuela Offshore Gas Field

Trinidad Weighs Direct Negotiations to Allocate Oil, Gas Areas

Petrobras on receiving earnout from Atapu

Portugal to launch first offshore wind auction, eyes 10 GW by 2030

Suriname’s Oil Boom Hits A $10 Billion Snag

Vessel Conversions Gaining Favor in US Offshore Wind

CGX, Frontera JV Spuds Wei-1 Offshore Guyana

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