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June 11 (Reuters) - France's energy ministry said it would open on Friday a long-awaited call for tenders to develop 10 gigawatts of offshore wind projects, mostly located on the country's west coast. Offshore wind projects have faced challenges globally as rising costs and mounting political opposition in some countries, such as from the Trump... Continue Reading →
June 11 (Reuters) - Venezuela signed five agreements with British oil major Shell on Thursday to advance oil and gas projects, including the company's participation in the coveted 7-trillion-cubic-feet Loran offshore gas field, the government said. The country had signed preliminary agreements for these and other projects earlier this year with Shell, one of the few... Continue Reading →
June 12 - Petrobras has updated its forecast for the completion of drilling at the Morpho well in the Foz do Amazonas Basin, off the coast of Amapá. The initial expectation was to finish work by the end of June, but the company informed IBAMA (Brazilian Institute of Environment and Renewable Natural Resources) that it... Continue Reading →
June 10 (Reuters) Britain has offered grid connections to more than 700 projects, the country's power planning body said on Wednesday, under a reformed allocation system expected to help unlock up to £40 billion in annual clean power investment. The allocations follow recent reforms replacing a "first come, first served" connection system that had led to bottlenecks, said... Continue Reading →
June 10, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that it has entered into an agreement with Equinor Brasil Energia Ltda. (Equinor) for the acquisition of a 50% interest in the Itaimbezinho block, in the offshore area of the Campos Basin. Equinor currently holds a 100% interest in the Itaimbezinho block and, upon completion... Continue Reading →
June 10 (OE) Shell and its partners QatarEnergy and Namibia's national oil company NAMCOR have reported encouraging results from the Merlin-1X exploration well in Petroleum Exploration License 0039 (PEL 0039) offshore Namibia, with the well delivering the most promising subsurface results to date in the license area. Merlin-1X, the tenth well drilled under the license... Continue Reading →
June 10 (OE) TGS has signed an agreement with Equatorial Guinea's Ministry of Hydrocarbon and Mining Development to create a large-scale offshore multi-client seismic dataset, marking the first phase of what is planned to become a nationwide MegaSurvey covering the country's offshore basins. The initial phase of the project will include post-stack reprocessing of approximately... Continue Reading →
June 9 (Reuters) - Norway's parliament on Tuesday ordered the government to review its planned subsidy for the country's first commercial floating offshore wind farm, raising concerns of a full development stop and a wider impact on energy transition projects. A proposal by the opposition Conservative Party seeking financial scrutiny of a 35 billion Norwegian... Continue Reading →
June 9 (Reuters) - Global offshore wind capacity is set to quadruple over the next decade to reach 420 gigawatts (GW) by the end of 2035, a report by the Global Wind Energy Council (GWEC) showed on Tuesday. Around 92 GW of offshore wind was installed by the end of 2025, enough to power around... Continue Reading →
June 8 (oilnow.gy) Going back to Venezuela might be a stretch for big oil with other more attractive places nearby like Guyana. That was the assessment from Texas-based energy attorney Ted Borrego in an S&P Global article published May 20, as analysts weighed whether Venezuela’s planned debt restructuring could eventually reopen the door to major... Continue Reading →
Brazil Energy Insight 