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(OE) Italian oil company Eni has started production from the Ndungu Early Production (EP) development offshore Angola. The field, located in Block 15/06 of the Angolan deep offshore has been developed via the Ngoma FPSO vessel. "The start-up of Ndungu EP is yet another example of how Eni Angola, in full cooperation with Agência Nacional... Continue Reading →
The Biden's administration's sale of offshore wind development rights off the coasts of New York and New Jersey surged past all expectations on Thursday to reach more than $3.3 billion, with bidding still not complete. The auction, which began on Wednesday and is due to resume on Friday morning, is the first offshore wind lease... Continue Reading →
Russia’s Lukoil has completed the acquisition of a 50 per cent operated interest in the Area 4 project – located in shallow waters offshore Mexico – through a deal with the operator’s holding company for $435 million. Back in July 2021, Lukoil entered into an agreement to acquire the 50 per cent operator interest in the Area... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/22/2022, informs that it has signed today with the company Seacrest Petróleo SPE Norte Capixaba Ltda., a wholly owned subsidiary of Seacrest Exploração e Produção de Petróleo Ltda., a contract for the sale of its total interest (100%) in a set of 4... Continue Reading →
The largest-ever U.S. sale of offshore wind development rights - for areas off the coasts of New York and New Jersey - attracted a record $1.5 billion in bids on Wednesday, supporting President Joe Biden's plan to create a new domestic industry. The auction, which will continue on Thursday, is the first offshore wind lease... Continue Reading →
(Reuters) - The first contract for drilling at the key Ishpingo oilfield near Ecuador's Yasuni National Park has been awarded to China National Petroleum Corp (CNPC), energy minister Juan Carlos Bermeo told Reuters on Wednesday. The South American country, which is pushing legal reforms to win private investment through tax and job incentives, has also... Continue Reading →
(Reuters) - The United States will hold its biggest ever sale of offshore wind development rights on Wednesday, in an area covering nearly half a million acres off the coasts of New York and New Jersey. It will be the first offshore wind lease sale under the administration of President Joe Biden, who has made... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 01/15/2021, informs that the Company's Board of Directors, at a meeting held today, approved the sale of its total interest (100%) in a set of 4 concessions of onshore production fields, with integrated facilities, located in the state of Espírito Santo - ES,... Continue Reading →
(Portos e Navios) The development of offshore wind projects in Brazilian jurisdictional waters has a way to go, but it has good indicators in different business areas. Sector agents consulted by Portos e Navios believe that the reduction of bureaucracy in the process and gains in scale will contribute to making projects viable, attracting new... Continue Reading →
(epbr) ExxonMobil began drilling the first exploratory well in block SEAL-M-428 (Cutthroat prospect), named 1-EMEB-3-SES. The drilling is being carried out by Seadrill's West Saturn rig, in a water depth of 3,093 meters, with an estimated duration of between two and four months. -- The information was released this Monday morning by Enauta. The company... Continue Reading →
Brazil Energy Insight 