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(Oil Now) Subsea7 is closely watching Suriname’s offshore oil sector, with hopes of winning a massive subsea contract to support TotalEnergies’ Block 58 project. In a Q2 earnings presentation, Subsea7 listed the Suriname project among a selection of Invitations to Tender (ITT) in-house or expected in the next 12 months. It expects the contract to... Continue Reading →
Tokyo Gas has acquired a 21.2 per cent stake in WindFloat Atlantic, the 25.2 MW floating offshore wind farm in Portugal. WindFloat Atlantic, operated by Windplus, a majority-owned subsidiary of Ocean Winds, has been operational since 2020. According to the Japanese company, this is Tokyo Gas’s first direct investment in an overseas floating offshore wind... Continue Reading →
Law No. 14,948/2024, which establishes the legal framework for low-carbon hydrogen, was published August 2, 2024, in an extra edition of the Official Gazette of the Union. The law assigns ANP the powers to regulate, authorize and monitor the exercise of hydrogen exploration and production activities in Brazil. According to the new legal framework, ANP... Continue Reading →
Camorim announces the July 2024 contract with Petrobras, in partnership with GranEnergia, for the operation of the Sayan Polaris vessel. The contract, worth approximately USD 60 million, will last for 2 years, where the Sayan Polaris vessel will act as an accommodation and personnel transfer unit for the Petrobras units that will be served during... Continue Reading →
(offshoreWind.biz) A recently launched UK-based renewable energy developer 17 Energy and a Chilean company SC Power have established a consortium with a plan to build a floating offshore wind farm with an installed capacity of 960 MW. The floating wind farm is proposed to be built off the coast of Chile’s Biobío Region. The consortium... Continue Reading →
(OE) Fugro has completed four years of continuous survey operations in New Jersey and New York for US-based offshore wind developer Atlantic Shores Offshore Wind. Supporting the site assessment of five projects across three lease areas totaling 1,000 km², Fugro worked with Atlantic Shores to pioneer a new data collection and management approach. According to... Continue Reading →
(Reuters) - Brazil's Petrobras will include at least one partner in its bid for a 40% stake in Galp Energia's Mopane oil prospect in Namibia, two sources with knowledge of the matter told Reuters. Last week, Petrobras' director of exploration and production, Sylvia dos Anjos, told Reuters that the state-run firm had made a non-binding... Continue Reading →
Petrobras, following up on the release disclosed on 07/29/2022, informs that it has achieved the main target of the Uchuva-2 well, confirming the extent of the gas Discovery made in 2022 with the drilling of the Uchuva-1 well. This well adds relevant information for the development of a new frontier of exploration and production in... Continue Reading →
ANP released the Monthly Bulletin of Oil and Natural Gas Production for June 2024, which brings consolidated data on national production. In June, there was an increase, compared to May 2024, in oil and natural gas production, as well as in pre-salt production. Total production (oil + natural gas) was 4.353 million barrels of oil... Continue Reading →
(Reuters) U.S. oil company Chevron Corp said on Friday it was replacing several long-standing managers in a reshuffle of senior jobs and that it was moving its headquarters to Houston from San Ramon, Calif. The changes come as the company works to cut costs and renew leadership after a series of setbacks, including operational challenges... Continue Reading →
Brazil Energy Insight 