Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) Shell and Trinidad and Tobago's National Gas Company (NGC) are close to agreeing to credit Venezuela's state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to the discussions said. If agreed, the move could help speed a long-stalled offshore development. The U.S. in January... Continue Reading →
Philip Lewis, Contributor (OE) Much has been written recently about the challenges facing U.S. offshore wind projects, resulting in requests to terminate or renegotiate contracts to sell power to states. Examples of these challenges can be found from Massachusetts to Virginia. Coming on top of last week’s somewhat disappointing events of the Gulf of Mexico lease... Continue Reading →
(OET) The US Department of Energy (DOE) and the Department of the Interior (DOI) have unveiled plans to collaborate and jointly fund research to further support durable and environmentally responsible offshore wind and marine energy deployments in the United States. The agencies will launch the upcoming funding opportunity through Wind Energy Technologies Office (WETO), Water... Continue Reading →
(Reuters) - Norway's Equinor (EQNR.OL) and its partner BP (BP.L) are seeking a 54% increase for the price of power produced at three planned offshore U.S. wind farms, according to a filing made by a New York state regulatory authority. The two partners in recent years won the rights to build the Empire Wind 1, Empire Wind 2 and... Continue Reading →
(Reuters) - Petrobras (PETR4.SA) plans to create a Chinese subsidiary, Chief Executive Jean Paul Prates told Reuters, as Brazil's state-run oil firm pushes to strengthen relations with the Asian nation that had "chilled" under former President Jair Bolsonaro. Prates said Petrobras aims to open the Chinese subsidiary next year, after getting formal approval. He said the move... Continue Reading →
(OW) Massachusetts has opened its fourth offshore wind solicitation which seeks to procure 3.6 GW of new generation capacity and makes this the state’s largest solicitation of this kind to date. Developers can submit bids until 31 January 2024 and the projects will be selected by 12 June next year, with the execution of long-term... Continue Reading →
(Reuters) The low interest in the first-ever auction of offshore wind farm development rights in the Gulf of Mexico marks a potentially serious setback for U.S. President Joe Biden’s green energy agenda, and the U.S. offshore wind sector in general. U.S. officials had touted the auction as a key milestone in Biden’s agenda to make... Continue Reading →
A Connecticut oil and gas trader already charged for his alleged role in a bribery scheme to win business from Brazil's state-owned Petrobras oil company was hit with additional charges on Tuesday, the Justice Department said. Gary Oztemel, of Riverside, Connecticut, owner of Petro Trade Services, was charged with money laundering and conspiracy to violate... Continue Reading →
(Reuters) - European oil majors Eni (ENI.MI) and Repsol (REP.MC) plan to expand an oil-for-debt deal with Venezuela under U.S. approval, aiming to supply refined products to state firm PDVSA and boost oil deliveries to Europe, three people close to the matter said. As Western sanctions last year cut the flow of Russian oil to Europe, Eni and Repsol received... Continue Reading →
Philip Lewis, Contributor Only one of three available areas was sold during the United States' first ever offshore wind lease sale in the Gulf of Mexico on Tuesday. The auction, held my the Interior Department's Bureau of Ocean Energy Management (BOEM) offered up three sites for offshore wind development, including one in Louisiana (Lake Charles) and... Continue Reading →
Brazil Energy Insight 