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(Reuters) President Luiz Inacio Lula da Silva on Wednesday threw his weight behind a push by state-run oil company Petrobras to explore the environmentally sensitive offshore Equatorial Margin, saying Brazil cannot give up such an opportunity. The offshore region along the northern coast is seen as Brazil's most promising frontier for oil exploration as it... Continue Reading →
(OE) RWE has selected Argeo, a subsea service provider, to perform the site investigation work for Canopy offshore wind farm, a 1.6 GW floating wind project located off the coast of Northern California. The site investigation survey is a key milestone in the development of RWE’s first commercial scale floating offshore wind farm. The planned... Continue Reading →
(OM) The Zama Unit partners Wintershall Dea, Pemex (operator), Talos Energy and Harbour Energy have awarded the front-end engineering and design contract (FEED) for the development of the Zama oil field to the French engineering company DORIS. The FEED work will be based on the scope of the Unit Development Plan approved by the Mexican Hydrocarbon Commission... Continue Reading →
(OE) Zeevonk, a joint venture of Copenhagen Infrastructure Partners (CIP) and Vattenfall, has secured a permit to build 2 GW offshore wind farm in the Netherlands, which will be co-located with floating solar farm and feature green hydrogen production system. The IJmuiden Ver Beta project will include a 50 MWp floating offshore solar farm on... Continue Reading →
(OE) Norwegian seismic firms TGS and PGS have received approval from the UK Competition and Markets Authority, securing final regulatory approval for the creation of ‘premier’ energy data company. The approval for the merger from the UK Competition and Markets Authority (CMA) follows the one issued by the Norwegian counterpart in April 2024. The clearance... Continue Reading →
(Reuters) Germany plans to build more wind turbines in the North and Baltic seas than originally planned, a draft plan by the maritime authority showed on Friday, as Berlin aims to have 70 gigawatts of offshore wind energy by 2045. Germany's Maritime and Hydrographic Agency (BSH) on Friday published a draft containing specifications for offshore... Continue Reading →
(PN) PRIO released its operational data for May this week. The company recorded a production of 88.7 thousand barrels per day of oil equivalent, which represents a drop of 4.4% compared to the previous month's result (92.7 thousand barrels per day).(PN) According to the company, the Frade field had its production impacted due to the... Continue Reading →
(PN) PetroReconcavo signed a contract to sell 50% of its stake in seven concessions to Mandacaru Energia (Ubuntu). The assets (Acauã, Baixa do Algodão, Fazenda Curral, Fazenda Malaquias, Pajeú, Rio Mossoró and Três Marias) are located in the Potiguar Basin, in the state of Rio Grande do Norte. The fields currently produce 390 barrels of... Continue Reading →
(gCaptain) Equinor, a leading energy company, has announced the execution of a Purchase and Sale Agreement (PSA) with the New York State Energy Research and Development Authority (NYSERDA) for the renewable energy produced by the Empire Wind 1 offshore wind project. The agreement comes after NYSERDA’s February announcement selecting Equinor as a conditional winner in... Continue Reading →
By Matthew Smith for Oilprice.com In a controversial move, Colombia’s leftist President, Gustavo Petro, banned awarding new hydrocarbon exploration contracts. He also sought to ban hydraulic fracturing in the conflict-riven country, which is economically dependent on petroleum extraction. Those government policies, coupled with tax hikes for Colombia’s extractive industries along with a lack of major oil and... Continue Reading →
Brazil Energy Insight 