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Oil and gas company Kosmos Energy said Monday it had increased its working interest to 90% and assumed operatorship of the "world-scale " Yakaar-Teranga gas discoveries offshore Senegal. The increase in working interest follows BP’s exit from the field. According to Kosmos Energy, Yakaar-Teranga is one of the world’s largest gas discoveries in recent years... Continue Reading →
(Reuters) - Liquefied natural gas (LNG) developer New Fortress Energy (NFE.O) said on Monday it has signed a deal to charter a floating storage and regasification unit (FSRU) from Brazil's Petrobras (PETR4.SA) starting in December. The company said FSRU Energos Winter will be immediately deployed to Terminal Gas Sul (TGS), New Fortress' newest LNG import terminal in Santa Catarina,... Continue Reading →
(Reuters) - Venezuela's state-owned PDVSA is in talks with local and foreign oilfield firms to hire equipment and services that would allow it to revive depressed output, sources close to the meetings said, after the U.S. relaxed sanctions on the country. The U.S. Treasury Department in October authorized for six months the production and export of Venezuelan... Continue Reading →
(OE) The world's first offshore renewable energy project, combining floating wind power and deep-sea aquaculture, has been completed in China, Shanghai Electric Wind Power Group has informed. The project is developed by Longyuan Power Group, together with Shanghai Electric Wind Power Group (Wind Power Group), a subsidiary of Shanghai Electric, which provides the power generation... Continue Reading →
ANP released the Monthly Oil and Natural Gas Production Bulletin for September 2023, which provides consolidated data on national production. This month, there was a record in total production (oil + natural gas), as well as in oil and natural gas considered separately and also in pre-salt production. A total of 4.666 million barrels of... Continue Reading →
(Reuters) - Rating agency Fitch on Friday downgraded the outlook on Danish renewable energy firm Orsted's (ORSTED.CO) rating to negative, a day after S&P warned of a possible debt downgrade due to the company's massive losses on projects in the United States. Fitch affirmed Orsted's Long-Term Issuer Default Rating (IDR) at 'BBB+'. The world's largest offshore wind... Continue Reading →
(OE) Light Structures, a supplier of fiber optic condition monitoring systems based on Fiber Bragg Grating (FBG) technology, has secured two contracts with China's YANTAI CIMC Raffles Offshore. Under the contracts, Light Structures will deliver SENSFIB hull stress monitoring systems for two Petrobras-commissioned Floating Production Storage & Offloading (FPSO) units. "Representing the most extensive SENSFIB... Continue Reading →
(OE) Flotation Energy and Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have signed exclusivity agreements for two floating offshore wind developments with up to a total of 1.9 gigawatt (GW) capacity under Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round. "When completed, the wind farms will provide renewable electricity... Continue Reading →
(Reuters) - Malaysia's state-owned oil firm Petronas has discovered several oil-bearing layers in an exploration well off the coast of Suriname, state oil firm Staatsolie said in a statement on Thursday. Suriname's offshore exploration areas are adjacent to Guyana, home to the largest oil finds in more than decade. The Roystonea-1 well is part of... Continue Reading →
(OET) A geotechnical survey campaign has been completed at the Ossian floating offshore wind farm site in Scotland. Set to be located across 858 square kilometers of seabed off the east coast of Scotland, the project is a joint venture between SSE Renewables, Marubeni, and Copenhagen Infrastructure Partners (CIP). The site’s seabed is around 72... Continue Reading →
Brazil Energy Insight 