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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 →
The Brazilian Institute of the Environment (Ibama) granted an operating license renewal to Equinor, authorizing the Norwegian oil company to carry out short-term drilling and testing activities in the Bacalhau field, in the Santos Basin. The license will be valid for four years. According to the document, the company will be able to drill up... Continue Reading →
(Reuters) - The valuation of refineries being sold by Brazilian state-run oil company Petrobras (PETR4.SA) might face additional pressure as the country's oil regulator mulls banning the use of S500 diesel, sources familiar with the matter said. Brazil is expected to replace S500 with low-sulfur S10 diesel in the coming years, requiring large investments in some refineries... Continue Reading →
The Brazilian Institute of the Environment (Ibama) granted the operating license for the shallow maritime and terrestrial sections of the Rota 3 gas pipeline. As a reminder, the Rota 3 Integrated Project covers the gas pipeline and the Natural Gas Processing Unit of the Gaslub Hub. Rota 3 has a total length of approximately 355... Continue Reading →
With passage of the Inflation Reduction Act, which contains US$370 billion for climate and energy programs, policy experts are forecasting a big expansion in clean electricity generation. One source that’s poised for growth is offshore wind power. Today the U.S. has just two operating offshore wind farms, off of Rhode Island and North Carolina, with a combined generating... Continue Reading →
(Reuters) Norway's Aker Energy said on Wednesday it would postpone submission of a development plan for its Pecan oilfield off Ghana amid concern the project could face sanctions over the war in Ukraine due to the involvement of Russian oil firm Lukoil. Aker Energy, controlled by Aker ASA, owns 50% in the deepwater block off... Continue Reading →
