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(PN) Amid rumors indicating that PRIO (PetroRio) was acquiring Dommo, the two companies provided clarification on the possible operation to the Securities and Exchange Commission. In short, the companies confirmed that they are evaluating a strategic operation, with the possible purchase and sale of assets. However, there is still no binding document or decision on... Continue Reading →
(Valor) The president of Shell Brasil, Cristiano Pinto da Costa, said today that the company is taking “great strides” to enter the renewable energy market. According to the executive, the company filed requests for environmental licensing for 17 gigawatts (GW) in offshore wind farms at the Brazilian Institute for the Environment and Renewable Natural Resources... Continue Reading →
(Reuters) - Mexico's hydrocarbon regulator has fined state oil company Petroleos Mexicanos (Pemex) for development violations at one of its most important fields that has led to excessive flaring of natural gas, and is preparing another fine for a similar field, according to three sources briefed on the matter. Pressure is mounting on Pemex to... Continue Reading →
Searcher Seismic has received approval from the Government of the Republic of Trinidad and Tobago for the Tobago Trough multi-client 3D acquisition project. The acquisition is planned as a 6,500 km² wide-tow long streamer acquisition and processed through to Pre Stack Depth Migration. It will commence as soon as an environmental impact assessment (EIA) is... Continue Reading →
The offshore site investigation works have commenced for Hexicon’s 32 MW TwinHub floating wind project in the Celtic Sea. The first phase of the survey works has been awarded to Aratellus Offshore, which has subcontracted Sulmara Subsea to perform the geophysical survey. The goal of the survey is to make it possible to plan subsea... Continue Reading →
Three projects, of 2,8 GW in total, will be offered seabed agreements for offshore wind projects following Crown Estate Scotland’s ScotWind clearing process. Clearing saw the ‘NE1’ area east of Shetland made available for ScotWind applicants who met the required standards but who did not secure their chosen location earlier in the leasing process. The... Continue Reading →
(Reuters) - Brazilian central bank chief Roberto Campos Neto on Thursday said Brazil hiked interest rates earlier and faster than the rest of the world, and that people understand the monetary tightening is "largely done." Since raising rates earlier this month to 13.75% from a 2% record low in March last year, policymakers have been... Continue Reading →
(OM) The US Department of the Interior reported next steps to bring the opportunity of offshore wind energy to the Gulf of Maine. The Bureau of Ocean Energy Management (BOEM) has made available a Request for Interest (RFI) and Request for Competitive Interest (RFCI) in the Federal Register for public comment. "The IRA [Inflation Reduction Act] will create good-paying jobs... Continue Reading →
In a move to bring new investments into the oil and gas sector and boost production by tapping into Nigeria’s deepwater hydrocarbon potential, the country inked new production sharing contracts (PSCs) for six offshore licences with oil majors. The execution of fully termed agreements for the renegotiated PSCs was revealed on 12 August 2022, less... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras hereby informs that the Executive Board approved on August 18, 2022, the 1st issuance of book-entry commercial notes (Issuance), without collateral and personal guarantee, in up to two series (Book-entry Commercial Notes), which will be subject to public distribution, with restricted distribution efforts, under mixed regime of firm guarantee and... Continue Reading →
Brazil Energy Insight 