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Shell gave up selling the Parque das Conchas Cluster, in the Espírito Santo part of the Campos Basin. After receiving proposals, it opted to keep the asset in its portfolio. Shell received proposals from Enauta, PRIO and Karoon. The decommissioning of Parque das Conchas is scheduled for the end of the decade. Shell continues with... Continue Reading →
Australian operator Karoon Energy has advanced in preparations for the start of production in the Patola field, in the Santos Basin. The company expects to start production in the area at the end of the first quarter of this year. The drilling rig Noble Developer completed drilling and completion activities in the field. Installation of... Continue Reading →
(Reuters) - Britain's first oil and gas exploration licensing round since 2019 attracted 115 bids, up from 104 in the last round, with the licences likely to be awarded from the second quarter, the North Sea Transition Authority (NSTA) said on Tuesday. Britain's government is looking to boost domestic hydrocarbon output as Europe weans itself... Continue Reading →
(Reuters) Guyana's revenue from oil exports and royalties this year is expected to climb 31% to $1.63 billion, Finance Minister Ashni Singh said on Monday, on higher output from the addition of a third production facility near year-end. The South American nation also plans to inaugurate natural gas exports from its offshore fields, with at... Continue Reading →
(OE) Plenitude, a division of Eni, and Simply Blue Group, an Irish developer of offshore renewable energy, have signed a deal to work together on a pipeline of new floating offshore wind projects in Italy. "Through this collaboration, the parties wish to combine Plenitude’s technical and financial capabilities and experience in the Italian energy market,... Continue Reading →
Exxon Mobil Corp. is preparing to approve its fifth oil production project in Guyana and is considering taking additional exploration acreage, the head of its Guyanese operations, Alistair Routledge, told Reuters in an interview. The efforts would add significantly to the $30 billion committed thus far by Exxon and Guyana partners Hess Corp and CNOOC... Continue Reading →
(OE) The U.S. Department of the Interior will reform its regulations for the development of wind energy facilities on the country's outer continental shelf to help meet crucial climate goals, it said in a statement on Thursday. The proposed rule changes would save developers a projected $1 billion over a 20-year period by streamlining burdensome... Continue Reading →
The US Administration’s strategy to fast-track offshore wind development is exciting for overseas shipbuilders and service providers in the field. Joint ventures meeting Jones Act requirements will support accelerating development. Some question, however, whether ambitious 2030 targets can actually be achieved. Ulstein group is a front runner. The Norwegian-based company has already provided the design... Continue Reading →
(Reuters) - India will annually invite bids for 8 gigawatt projects each year to the end of 2030 under a new auction process, a government order said. The bidding model has been modified from electronic reverse bidding where the participants reduce their offer price to bag the contracts based on the lowest bid. The auction... Continue Reading →
Community Offshore Wind, a joint venture between RWE Renewables and National Grid, has started its geophysical survey campaign in the New York Bight. The survey campaign, managed by Fugro, will study seabed conditions and potential export cable corridors within the project lease area. The data collected will help inform safe and responsible project design and... Continue Reading →
Brazil Energy Insight 