Category: Regulatory

US Gov’t Drafting Agreements to Pay French Developer Nearly USD 1 Billion to Cancel Offshore Wind Leases – Reports

March 17 (offshoreWIND.biz) The US government is working on settlement agreements that involve the government cancelling TotalEnergies’ Attentive Energy and Carolina Long Bay offshore wind leases and reimbursing the French energy company USD 928 million (around EUR 806 million) for the financial bids through which it secured the two areas in lease sales during the... Continue Reading →

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PRIO Announces Drilling License of Frade Field

Rio de Janeiro, March 16, 2026 - PRIO S.A. (the “Company” or “PRIO”) (B3: PRIO3), in compliance with best corporate governance practices, hereby informs its shareholders and the market in general that, on this date, the Brazilian Institute of the Environment and Renewable Natural Resources (“Ibama”) has issued the amendment to the Drilling License for... Continue Reading →

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Exxon completes environmental study for Guyana’s first non-associated gas projec

March 16 (oilnow.gy) ExxonMobil has submitted the environmental impact assessment and environmental impact statement for the proposed Longtail development offshore Guyana, a key step toward the country’s first non-associated gas project. The documents were filed with the Environmental Protection Agency, according to a public notice. Exxon’s consultant Acorn International conducted the assessment. Members of the... Continue Reading →

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Revolution Wind Starts Delivering Power

March 14 (offshoreWIND.biz) Revolution Wind has begun delivering electricity to the New England grid, Ørsted, which owns the US offshore wind farm together with Skyborn Renewables, said on 14 March. The offshore wind farm comprises 65 Siemens Gamesa SG 11.0-200 DD wind turbines and powers Rhode Island and Connecticut. Once fully commissioned, the 704 MW... Continue Reading →

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Iberdrola Registers Bid to Acquire Remaining Stake in Brazilian Subsidiary

March 12 (offshoreWIND.biz) Spanish energy company Iberdrola has registered a public takeover bid to acquire the remaining shares of its Brazilian subsidiary Neoenergia, aiming to reach full ownership of the company. Iberdrola, which now officially submitted documentation to the Brazilian Securities and Exchange Commission (CVM) and Novo Mercado (Brazilian Stock Exchange – B3), launched the... Continue Reading →

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Brazil regulator CADE approves IG4-Novonor deal for Braskem

 March 6 (Reuters) - The general superintendence of ‌Brazil's antitrust watchdog CADE approved on Friday the agreement for private equity firm IG4 ​Capital to buy a controlling ​stake in petrochemical firm Braskem from conglomerate ⁠Novonor, a regulatory document showed. The ​agreement, which had been announced by the companies ​in December, was approved by the superintendence without restrictions,... Continue Reading →

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