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Petróleo Brasileiro S.A. – Petrobras, regarding the article "Presentation to analysts in NY would have signaled payment of dividends by Petrobras", published in Valor, clarifies that the company did not promise or signal any indication of extraordinary dividends at the event held with analysts and investors on 01/30/2024 and 01/31/2024. Petrobras seeks to be transparent... Continue Reading →
(OE) Oilfield services firm Archer has secured a $20 million contract from Trident Energy to provide its well interventions and platform drilling services in Brazil. Archer will provide comprehensive platform drilling services, including well interventions for regulatory requirements, workover and drilling operations, well maintenance and drilling facilities engineering, to enhance Trident Energy's offshore assets in... Continue Reading →
(Reuters) Japan's government on Tuesday approved a draft amendment to existing legislation to allow for the installation of offshore wind power in exclusive economic zones (EEZ), a milestone towards the country's goal of carbon neutrality by 2050. Japan aims to have 10 gigawatts (GW) of offshore wind power projects by 2030 and up to 45... Continue Reading →
(Offshore-energy.biz) Isle of Man-headquartered oil and gas player Challenger Energy Group (CEG) has formally signed a license for a shallow water exploration block off the coast of Uruguay. Aside from embarking on technical work, the firm intends to go on the lookout for partners to enable an early farm-out. After Challenger Energy submitted a bid for the AREA OFF-3 block... Continue Reading →
This free translation may be of interest Article by Paloma Amorin and Thiago Silva partners at Vieira Rezende Advogados (epbr) The development of the offshore wind sector in Brazil requires the consolidation of a robust legal and regulatory framework. Although there has been a framework approved since 2022 (Decree 10,946/2022), several pending regulatory actions remain... Continue Reading →
(OE) Challenger Energy has, through its wholly-owned Uruguayan subsidiary CEG Uruguay, entered into farm-out agreement with Chevron for the 60% interest in the AREA OFF-1 block offshore Uruguay. As part of the agreement, Chevron will acquire a 60% participating interest in the AREA OFF-1 block, and will assume operatorship of the block, while CEG Uruguay... Continue Reading →
(Oilprice.com) Exxon and Malaysia’s state-run Petronas will extend exploration for a gas discovery off the coast of Suriname, the country’s national oil company, Staatsolie, said on Monday. Eyeing a repeat of the huge oil and gas success in the same basin offshore Guyana, explorers in Suriname are also reportedly considering a floating LNG project. Exploration... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in continuity with the announcement made on April 26, 2023 and February 6, 2024, informs that the agreement with the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to close the lawsuit involving the recalculation of government participation (royalties and special participation) related to oil production in the Jubarte... Continue Reading →
(GIS) Engie North America secured over $1 billion in tax equity financing from JPMorgan, Goldman Sachs, and BNP Paribas to finance the development of six renewable projects, focusing on diverse U.S. markets under the ERCOT, MISO, and SPP regions, with a combined capacity of 1.3 gigawatts. Engie's involvement in the ERCOT market is important including a collaboration with Schneider Electric on a solar-plus-storage... Continue Reading →
(OE) New York officials on Thursday awarded provisional contracts to two proposed offshore wind projects under a program meant to support the embattled industry and keep the state's clean energy goals on track. The state selected a planned 810-megawatt project, Empire Wind 1, (developed by Equinor) and Sunrise Wind, a planned 924-megawatt project (developed by... Continue Reading →
Brazil Energy Insight 