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(Reuters) - The Biden administration on Thursday unveiled a plan to accelerate development of next-generation floating offshore wind farms by slashing the cost of the technology by 70% and setting a goal for it to power 5 million U.S. homes by 2035. The announcement was the latest in the White House's push to bolster the... Continue Reading →
(OM) The American Petroleum Institute (API) and Offshore Operators Committee (OOC) have signed a memorandum of understanding (MOU) to develop standards and guidance for offshore wind energy development. “The natural gas and oil industry has decades of offshore operating experience under highly technical and complex conditions,” said API Senior Vice President of Global Industry Services... Continue Reading →
(Reuters) - TotalEnergies (TTEF.PA) 11B/12B offshore gas field could make a direct annual contribution of at least 8 billion rand ($457 million) to South African government finances, the country's petroleum regulator said on Thursday. "That is not just the overall GDP contribution but is the direct fiscal contribution from the royalties as well as the primary taxes,"... Continue Reading →
(Reuters) The Biden administration on Wednesday said it had reinstated bids from a November 2021 Gulf of Mexico sale of offshore oil and gas drilling rights, a requirement buried in U.S. President Joe Biden’s new climate change and drug pricing law. The move comes after a federal judge in January vacated the sale’s results, saying... Continue Reading →
(PN) The company's president in the country, Veronica Coelho, announced the forecast to start drilling a well in Bacalhau, in the Santos Basin. According to the executive, the activity should start between the end of September and the beginning of October. Veronica also said that there is an estimate of using a second rig in... Continue Reading →
(epbr) The number of exploratory block auctions held around the world is set to be the lowest since 2000 this year, according to Rystad Energy. The consultancy estimates that 2022 should have 44 rounds, 14 fewer than in 2021. — Until August, 21 bids were concluded — half the number registered in the same period... Continue Reading →
(Rigzone) Colombia’s upstream sector is especially dynamic in 2022. Offshore exploration of the Colombian Caribbean has delivered in 2022 with Shell and Petrobras hitting the target with their wells earlier this year. Shell and Petrobras hit natural gas pay in the Gorgon-2 and Uchuva-1, both with Ecopetrol as a non-operating partner – according to Wood... Continue Reading →
(OE) Brazilian oil and gas company Enauta said Wednesday that its Atlanta field in the Santos Basin offshore Brazil had resumed its production through well 7-ATL-2HP-RJS. "The second well should start operating next and, by the end of September, the resumption of production from the third well in the field is expected," Enauta said. Enauta... Continue Reading →
(Reuters) Scientists who detected a massive methane leak at an offshore platform run by Mexico's Pemex said Tuesday there was "no way" they had made a mistake, roundly rebutting claims by the state oil company that the emissions were smaller and less polluting. Pemex, which is under increasing international pressure over its environmental record, last... Continue Reading →
(Reuters) - Colombia's state-run oil company Ecopetrol (ECO.CN) has asked the oil regulator to suspend contracts for two fracking pilot projects for 90 days, the company and two sources told Reuters on Tuesday. The two projects - being developed in Santander province by Ecopetrol and U.S. oil major Exxon Mobil Corp (XOM.N) - have faced stiff resistance from environmental... Continue Reading →
