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Barry Parker, Contributor (OE) Offshore energy is on a growth trajectory. Rystad Energy wrote in February 2024 that upstream oil majors were diving in to deeper waters. “Despite tightened budgets, frontier drilling is fueling optimism for a productive year, particularly deepwater projects in the Atlantic Margin, Eastern Mediterranean and Asia,” Rystad wrote, noting that “the trend... Continue Reading →
(PN) Yinson announced that the FPSO Maria Quitéria departed the Cosco Shipping Heavy Industry shipyard, in China, heading to Brazil. The vessel is expected to arrive in the country during the second quarter of 2024 and will be installed in the Jubarte field, in the northern part of the Campos Basin. The FPSO will be... Continue Reading →
(OM In a jam-packed, standing-room-only session at the Offshore Technology Conference (OTC), Petrobras President and CEO Jean Paul Prates emphasized that synergy is the lifeblood of the industry and that collaboration with suppliers and investors will leverage the sector and pave the way for an energy transition without leaving behind workers, service providers, contractors or... Continue Reading →
(OM) The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has opened 12 blocks in the Nigeria 2024 Bid Round. According to PGS, six are on the continental shelf, four are deep offshore blocks and the other two are onshore in the Niger Delta. PGS has compiled multiclient seismic data over 10 of the blocks, from its MegaSurvey full-stack... Continue Reading →
(Reuters) - Colombia's majority state-owned energy company Ecopetrol (ECO.CN), opens new tab is analyzing its potential direct participation in the Andean country's first-ever offshore wind auction, the company said in a statement to Reuters. The government of President Gustavo Petro, Colombia's first leftist leader, has said it wants to wean the Andean country from its dependence on... Continue Reading →
(OE) The U.S. state of New Jersey has opened the fourth solicitation for offshore wind development, seeking to award up to 4 GW of new generation capacity. The application window for the fourth solicitation has been opened on April 30, and will accept application until July 10, 2024. The fourth solicitation seeks to award between 1.2 GW... Continue Reading →
(OE) Global maritime company BW Group has unveiled plans to separate BW Energy as an oil and gas exploration business from its maritime businesses, as part of corporate restructuring process. BW Group currently owns 191,903,110 shares in BW Energy, corresponding to 74.38% of the issued and outstanding shares and voting rights in BW Energy. As... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. ("3R" or "Company") (B3: RRRP3), pursuant to article 157, paragraph 4, of Law No. 6,404 and CVM Resolution No. 44, hereby informs its investors and the market in general that, due to the default of the financial obligations of Nova Técnica Energy Ltda. ("Nova Técnica") established within the scope... Continue Reading →
(OE) CADEMO Corporation, established by Floventis, and California Community Power (CC Power) have signed a memorandum of understanding (MoU) to facilitate the development of the 60 MW floating wind project off the California coast. The MoU is intended to establish a collaborative engagement between CC Power, a joint powers authority that conducts joint power procurement... Continue Reading →
(Reuters) - The Biden administration on Tuesday unveiled a plan to sell offshore wind leases in waters off the coasts of Maine and Oregon later this year, saying projects in those regions could one day power a total of 6 million homes. The proposed sales are part of a five-year schedule of offshore wind auctions... Continue Reading →
