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(Reuters) - Exxon Mobil(XOM.N), opens new tab CEO Darren Woods on Monday said his company is trying to secure preemption rights over Hess Corp (HES.N), opens new tab's Guyana assets in its dispute with Chevron (CVX.N), opens new tab, not buy the company itself. In his first public remarks on the company's pursuit of an arbitration case that could block... Continue Reading →
(Reuters) - Norway began its first auction on Monday for the right to build a commercial offshore wind farm, offering up to 1.5 gigawatt (GW) of capacity in what the government hopes will be the start of a massive development of renewable electricity. "The auction is now underway," the energy ministry said in an emailed... Continue Reading →
(Bloomberg) -- On the outskirts of Rotterdam, a bright orange ship is hoisted above the muddy Rhine with the help of six chunky triangular legs. The vessel has just been retrofit with a huge crane capable of lifting up to 1,600 tons 160 meters above deck. Once the finishing touches have been made, the Wind... Continue Reading →
(OE) The Bureau of Ocean Energy Management (BOEM) will initiate the environmental review of a proposed wind energy project offshore New Jersey. At its closest point, the approximately 81,129-acre lease area, OCS-A 0549, known as Atlantic Shores North, is located 8.4 miles from the New Jersey coast and approximately 60 miles from New York. The... Continue Reading →
(OE) The final pieces of subsea system equipment that will support the production from Enauta’s floating production storage and offloading (FPSO) unit Atlanta at Brazil's Santos Basin have been shipped. The final pieces of subsea system equipment that will support the production from Enauta’s floating production storage and offloading (FPSO) unit Atlanta at Brazil's Santos... Continue Reading →
(AP) America's first commercial-scale offshore wind farm is officially open, a long-awaited moment that helps pave the way for a succession of large wind farms. Danish wind energy developer Ørsted and the utility Eversource built a 12-turbine wind farm called South Fork Wind 35 miles (56 kilometers) east of Montauk Point, New York. New York... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the article "Controversy puts dialogue between Petrobras and the market in check", published in Valor Econômico this Friday, reiterates that the company did not promise or signal a direction for extraordinary dividends at an event with analysts and investors, as already disclosed in a release on March 12. Petrobras... Continue Reading →
(Reuters) - Exxon Mobil (XOM.N), opens new tab on Friday disclosed a new oil and gas discovery in the prolific Stabroek block offshore Guyana, the company's first announced discovery in the South American country this year. The Bluefin discovery joins more than 30 already since 2015 in the Stabroek block, an 6.6 million acre (26,800 square kilometers)... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on December 22, 2023, informs that it is continuing discussions with Mubadala Capital regarding the formation of a downstream partnership in Brazil, the scope of which involves evaluating the acquisition of a stake in the Mataripe S.A. Refinery (RefMat) and a project under development... Continue Reading →
Petrobras has never processed so much natural gas from the Santos Basin Pre-Salt as it did in 2023. The company reached a daily average of 25.25 million m³, surpassing the 2022 record by around 200,000 m³/day. Pre-salt gas is processed at the Caraguatatuba (UTGCA) unit in the state of São Paulo and the Macaé (UTGCAB)... Continue Reading →
Brazil Energy Insight 