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(Reuters) Trinidad and Tobago will consider direct negotiations with energy companies for oil and gas exploration, possibly moving away from a competitive bidding round system, Prime Minister Keith Rowley said on Monday. The talks follow difficulties attracting new companies to its recent shallow and deepwater bidding rounds, which have led the government to renegotiate terms... Continue Reading →
(Reuters) Guyana is in talks with Qatar, Britain, the United Arab Emirates, and India on the possibility of directly allocating offshore blocks for oil and gas exploration in parallel with a bidding round this year, President Irfaan Ali said on Monday. South America's newest crude producer has emerged as the world's fast-growing oil region with... Continue Reading →
Shallow water drilling contractor Borr Drilling said Friday its jack-up drilling rig "Ran" had secured a Letter of Award from an unnamed client for work in Latin America. The award will cover drilling two offshore wells, with an estimated duration of 200 days on a dry-hole case and up to 460 days on asuccess case. ... Continue Reading →
(epbr) Perenco announced this Wednesday the departure of the FSO Pargo platform from a shipyard in Dubai, in the United Arab Emirates, heading to the Pargo field, in shallow waters in the Campos Basin. The unit is part of the concession's production recovery project, which foresees investments of US$ 400 million and promises to increase... Continue Reading →
(Reuters) Guyana's upcoming bidding round for offshore areas has caught the interest of top energy companies from Asia to Europe, according to people familiar with the matter, even as the government continues to work out terms for the auction. The South American country wants to quickly expand its oil industry and recruit developers to counterbalance an Exxon... Continue Reading →
(OET) Hellenic Cables has signed a contract with Asso.subsea for the transportation, installation, and protection of the 220 kV submarine export cable that will connect 50Hertz’s own transformer platform at the Windanker wind farm in the Baltic Sea to the national grid as part of the Ostwind 3 grid connection system. The overall system will... Continue Reading →
(UPI) -- Two companies are now tasked with mapping the shallow waters off Norway to advance the nation's offshore wind energy footprint, the government said Friday. The Norwegian Petroleum Directorate, the nation's energy regulator, awarded contracts to Dutch geological data firm Fugro and geoscience consultant Enviros to map the shallowest areas under the seabed for potential wind energy... Continue Reading →
(Reuters) Brazilian oil company Petroreconcavo SA has agreed to buy Maha Energy's subsidiary in the Latin American country, the companies said on Wednesday, marking another step in the Brazilian firm's ongoing expansion. According to a securities filing, Petroreconcavo will pay $138 million for 100% of Maha Brasil, which operates oilfields in the country's northeastern region,... Continue Reading →
Surveys of the area that the Lithuanian Government selected for the country’s first offshore wind farm have shown that the seabed in the Baltic Sea is suitable for the development of this type of project. The Lithuanian Energy Agency selected Geobaltic and Garant Diving to carry out the geophysical and seismic surveys through an international... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in Corporate Governance, informs its investors and the market in general the preliminary unaudited production data for November 2022 in the assets that the Company holds participation. (1) Refers to the 35% Interest held by 3R in Pescada Cluster concessions. (2) Approximately... Continue Reading →
Brazil Energy Insight 