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TotalEnergies has made a final investment on the $850 million Begonia project in Block 21, Angola. The project is the first development of block 17/06, 150 kilometers off the Angolan coast, in agreement with concession holder Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) and its partners on Block 17/06. The Begonia development will consist... Continue Reading →
U.S. Senator Joe Manchin and Senate Majority Leader Chuck Schumer on Wednesday announced a decision to add climate provisions to a budget reconciliation legislation that is expected to provide $369 billion in energy and climate investments. The package is said to promote zero and low carbon energy and support domestic production of offshore oil and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, informs that it approved today the execution, with the National Agency of Petroleum, Natural Gas and Biofuels (ANP), of a Conduct Adjustment Agreement (TAC) for compensation of local content fines related to 22 concessions in which Petrobras has 100% working interest, located in the Barreirinhas, Campos, Espírito Santo, Parecis, Potiguar,... Continue Reading →
(Reuters) New York is seeking renewable energy to power at least 1.5 million New York homes in its third offshore wind solicitation, Governor Kathy Hochul said on Wednesday, as the state ramps up development of the industry. Administered by the New York State Energy Research and Development Authority, the first phase includes $500 million investment... Continue Reading →
2P reserves in the Atlanta field, in the Santos Basin, belonging to Enauta, went from 105.7 million barrels on December 31, 2021 to 155.7 million barrels on June 30, 2022. This is a 47% increase in 2P (Proved and Probable) reserves of the area. The new certification was carried out by the independent consultancy Gaffney,... Continue Reading →
(Reuters) - The United States became the top liquefied natural gas (LNG) exporter in the first half of 2022, the Energy Information Administration (EIA) said, citing data from CEDIGAZ, as the country increased supply to Europe amid the Ukraine crisis. U.S. LNG exports rose 12% to average 11.2 billion cubic feet per day (bcfd) in... Continue Reading →
(Reuters) - Guyana's government expects that an upcoming auction for oil and gas blocks will attract new companies to its energy industry, President Irfaan Ali said on Monday, following years of domination by U.S. giant Exxon Mobil (XOM.N) and its partners. As part of his first official trip to Washington, Ali expects to hold talks with U.S.... Continue Reading →
(Rigzone) In the coming years, upstream capex in Latin America will shift into deeper and deeper water with Brazil, Guyana, and Mexico likely to lead the charge for new spending, Rystad Energy said. While onshore investments stabilized at around $14 billion and shallow water spending continues to decline, deepwater expenditure is projected to grow at... Continue Reading →
The company restarted the drilling of the wildcat well ES-M-596, in a water depth of 2,117 meters. As we reported, the original well (1-BRSA-1385-ESS) began to be drilled at the end of June. The drilling of the repeated well, named 1-BRSA-1385A-ESS, began yesterday (19). As the market knows, when the original well is lost, operators... Continue Reading →
(Reuters) - The Biden administration on Wednesday said it had identified 700,000 acres for possible offshore wind energy development in the Gulf of Mexico, seeking to expand a growing clean energy industry to a major U.S. oil and gas hub. It also said President Joe Biden would direct his Interior Department to move ahead with... Continue Reading →
Brazil Energy Insight 