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(Reuters) Guyana's government plans to issue two licenses this year for oil and gas projects, one for Exxon Mobil's seventh development in the country, Hammerhead, and one for the nation's first natural gas development, Energy Minister Vickram Bharrat told Parliament on Friday. The gas license is conditional on a green light to Exxon and Fulcrum... Continue Reading →
(Reuters) Mitsubishi Corp on Monday said it is reviewing how to proceed with its offshore wind projects in Japan given a "significantly changed" business environment, showing that the country is not immune to rising costs across offshore wind projects globally. Japan, which imports nearly everything for its energy needs, has bet on renewable energy to... Continue Reading →
(Reuters) - Denmark will halt all ongoing offshore wind tenders as the existing framework where no subsidies are offered does not work under current market conditions, its energy minister said on Friday. The global offshore wind industry has been hit by surging costs, rising interest rates and supply chain bottlenecks. Denmark said in December that its latest... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras discloses its proved reserves of oil, condensate and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 11.4 billion barrels of oil equivalent (boe), as of December 31, 2024. Oil and condensate, and natural gas correspond to 85% and 15% of this total, respectively. In 2024,... Continue Reading →
(Reuters) The Japanese government on Wednesday announced a revision of its rules for offshore wind power auctions as the sector globally grapples with delays and soaring expenses driven by tight supply chains and inflation. After a number of consultations since September to find ways to ensure the completion of offshore projects, Japan's industry and land... Continue Reading →
(Reuters) Trinidad and Tobago on Tuesday offered 26 offshore oil and gas blocks in its largest-ever auction of areas for deepwater exploration and production, according to an official notice. The twin-island Caribbean country, Latin America's largest exporter of liquefied natural gas (LNG), is pushing producers, especially those offshore, to accelerate natural gas output in order... Continue Reading →
(Folhapress) The decision by the President of the United States, Donald Trump, to suspend new wind power projects in the country, arguing that windmills “kill their birds and ruin their beautiful landscapes”, has the potential to boost the interest of investors in this sector in the Brazilian market. Trump's action mainly halts future leasing of... Continue Reading →
(OE) Enova, owned by the Norwegian Ministry of Climate and Environment, has awarded a grant of $107 million to Norway-based Wind Catching Systems for the deployment of a Windcatcher multi-turbine floating wind demonstrator. The $107 million has been awarded to Wind Catching Systems’ subsidiary Wind Catching Demo for the deployment of a commercial demonstrator unit... Continue Reading →
BRAVA ENERGIA S.A. in compliance with the provisions of CVM Resolution No. 44, hereby informs its shareholders and the market in general of the following updates on the Papa-Terra field. (i) Final authorization for the Papa-Terra field measurement systems On January 26, 2025, the Company obtained the definitive authorization from the Oil and Natural Gas... Continue Reading →
(Reuters) - U.S. President Donald Trump suspended new federal offshore wind leasing on his first day back in the Oval Office on Jan. 20, pending an environmental and economic review. On the same day, Danish energy company Orsted (ORSTED.CO), opens new tab, the world's biggest offshore wind firm, posted another impairment charge on delays to a U.S. offshore project.... Continue Reading →
Brazil Energy Insight 