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(offshoreWIND.biz) National Grid Ventures (NGV) and Con Edison Transmission have submitted plans for building a transmission infrastructure that will connect offshore wind power to the New Jersey electricity grid. The project, named the Garden State Energy Path, proposes laying underground cables that will enable the delivery of approximately 6 GW of offshore wind power from... Continue Reading →
(OE) Offshore wind developers Flotation Energy and Vårgrønn, a joint venture between Eni’s Plenitude and HitecVision, have announced that their 560 MW floating offshore wind project Green Volt has been granted full onshore planning approval. The Green Volt floating wind farm, located offshore Scotland, will deliver electricity to oil and gas platforms, replacing power currently... Continue Reading →
(PN) The technical area of the Federal Audit Court (TCU) issued an opinion calling for the suspension of the contract signed between Petrobras and Unigel, pointing out that there are irregularities in the agreement. According to the court, the contract could result in losses of R$487.1 million within eight months. The opinion still needs to... Continue Reading →
(Bloomberg) -- Macquarie Asset Management is making a $50 billion bet on offshore wind after sidestepping a perfect storm of low power prices and cost inflation that forced many competitors to walk away. Corio Generation Ltd., the fully owned offshore wind unit of the Australian financial giant, along with partners including TotalEnergies SE, plans to... Continue Reading →
(OilNow) Even with six floating production, storage and offloading (FPSOs) vessels operating at peak production, Guyana’s oil operations would only utilize 7% of the 150 million tonnes of emissions sequestered by its forests annually. So said Guyana’s Vice President, Bharrat Jagdeo, during a recent press conference. The chief policymaker for the oil sector made this... Continue Reading →
(TN) In 2023, there was an increase of 6.98% in proven oil reserves (1P), compared to 2022. There was also an increase of 3.81% in the volume relative to the sum of proven and probable reserves (2P) and 2.26 % in the sum of proven, probable and possible (3P). The data are from the ANP's... Continue Reading →
ANP released the Monthly Oil and Natural Gas Production Bulletin for February 2024, which provides consolidated data on national production. Total production (oil + natural gas) was 4.383 million barrels of oil equivalent per day (boe/d). Regarding oil, 3.448 million barrels per day (bbl/d) were extracted, a reduction of 2.0% compared to the previous month... Continue Reading →
(PN) Enauta announced that its Board of Directors approved the presentation of a proposal for the business combination with 3R Petroleum. The operation could create one of the main independent operators in Brazil and Latin America, with production potential that could exceed 100 thousand barrels of oil equivalent per day – in line with the... Continue Reading →
(Reuters) - The U.S. Interior Department on Tuesday approved the country's eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes. WHY IT IS IMPORTANT The New England Wind Project approval brings the U.S. one-third of the way to President Joe Biden's... Continue Reading →
(OE) Enauta has proposed the merger with 3R Petroleum which would create one of the largest and the most diversified independent oil and gas companies in Latin America. The merger proposal has been approved by Enauta’s board of directors, and according to the company, the combination results in a balanced, five-year high organic growth portfolio... Continue Reading →
Brazil Energy Insight 