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(Reuters) Angola intends to replicate its maiden multi-year licensing round for oil and gas acreage from 2026, a senior government energy official said on Thursday, as the country looks to boost production and investment. The first multi-year auction for 50 onshore and offshore blocks was for 2019-2025, as Angola strives to arrest a steep decline... Continue Reading →
(Reuters) - The U.S. government sided with Argentina in urging a federal judge not to force the cash-strapped country to give up its 51% stake in oil and gas company YP to partially satisfy a $16.1 billion court judgment. In a Wednesday night letter, known as a statement of interest, to U.S. District Judge Loretta Preska... Continue Reading →
(Reuters) - Oilfield services provider Halliburton missed analysts' estimates for third-quarter profit on Thursday, weighed down by a slowdown in drilling activity in North America and the impact of a previously disclosed hack. The company's shares slipped 1.5% to $30.05 in premarket trading. Halliburton in August disclosed a cyberattack where an unauthorized third party accessed and removed data... Continue Reading →
(OE) The Offshore Renewable Energy (ORE) Catapult has published a report that lays out a new approach to environmental monitoring and consenting within the UK offshore wind sector. With the UK Government looking to radically increasing offshore wind deployment, there is a clear need for changes to the environmental consenting process, says ORE as it... Continue Reading →
(offshoreWIND.biz) A Floating Light Detection and Ranging (FLiDAR) buoy has been deployed at the Parque Nordés offshore wind project site in Spain, which is being developed jointly by BlueFloat Energy, Plenitude, and Sener. A FLiDAR detection buoy was installed in the area where the Parque Nordés floating wind project is expected to be located off... Continue Reading →
Petrobras informs that its Executive Board has approved today the end of the divestment project of its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBio), which will remain in the Company’s portfolio. This decision is in line with Petrobras’s current strategic guidelines that takes into account the Company’s low-carbon businesses, profitably diversifying its portfolio and ensuring its... Continue Reading →
(Reuters) - Brazil is set to import nearly 900,000 metric tons of thermal coal this month, the highest monthly tally on record and three times the monthly average for 2024 so far, according to data from ship-tracking firm Kpler. The coal buying binge comes as an enduring drought has slashed hydropower output to three-year lows,... Continue Reading →
(Reuters) - Donald Trump's return to the White House will refocus the nation's energy policy onto maximizing oil and gas production and away from fighting climate change, but the Republican win in Tuesday's presidential elections is unlikely to dramatically slow the U.S. renewable energy boom. That is because a Biden-era law providing a decade of lucrative subsidies for new... Continue Reading →
- PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of October. Key: (1) In the Polvo and Tubarão Martelo cluster, production was affected by the shutdown of wells TBMT-10H and TBMT-4H due to the failure of the Submerged Centrifugal Pump,... Continue Reading →
(Reuters) - Demand for green power in the United States will grow regardless of who is the country's next president, major players in the wind energy sector Vestas and Orsted said on Tuesday. Offshore wind developers have seen profits shrink in recent years due to rising raw material costs, high interest rates, inadequate grid connections, supply chain bottlenecks,... Continue Reading →
Brazil Energy Insight 