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(MME) Brazil, represented by the Ministry of Mines and Energy, officially joined the Global Offshore Wind Alliance (GOWA). The commitment was formalized at the GOWA Ministerial Meeting, which took place during COP 28, in Dubai. The European Union, Panama and the United States state of California also joined the Alliance at the same time. Representing... Continue Reading →
The Brazilian Institute of the Environment (Ibama) granted TGS the environmental license for multi-client 3D seismic research activity in the Pará-Maranhão and Foz do Amazonas Basins, in the Equatorial Margin region. The document will be valid for three years and can be renewed. According to Ibama, TGS will be able to carry out the activity... Continue Reading →
(OM) Javier Gremes Cordero has been appointed COO of Maha Energy. Gremes will replace Alan Johnson, who leaves Maha in connection with the closing of Maha’s technical office in Calgary, Canada. All functions previously handled by the Canadian office are being transferred to Maha’s office in Rio de Janeiro, Brazil, or Maha's office that is... Continue Reading →
Following a downward trend in the number of international offshore rigs, Baker Hughes’ rig count report points out that one more rig joined the working fleet in November 2023 compared to the month before. However, the downward trajectory continues on a y-o-y basis as last month saw two units less than last year. On the... Continue Reading →
(Reuters) - Exxon Mobil (XOM.N) CEO Darren Woods' first five years at the oil company were marred by missed oil production targets, an investor rebellion and the company's biggest-ever financial loss. Redemption came this year when - aided by a share price pumped up by high oil prices - he clinched a $60 billion deal to buy shale rival... Continue Reading →
(Reuters) - TotalEnergies's (TTEF.PA) CEO gave his backing to an international pledge to triple renewable energy generation at the COP28 climate summit, calling it necessary to phase out fossil fuels and decarbonise. "It's the right way to frame the object, tripling renewables, because if we don't do that, there's no way to phase out fossil energy," Patrick Pouyanne told... Continue Reading →
(OET) Brazilian oil and gas player Enauta has brought back on stream another well at a field offshore Brazil while a third well is anticipated to return to production in the next 30 days. After Enauta found issues in the subsea pumping electrical system adopted for the FPSO Petrojarl I, the firm temporarily halted the Atlanta field’s production in July 2023. Following the... Continue Reading →
(Bloomberg) Exxon Mobil Corp. Chief Executive Officer Darren Woods said the Texas energy giant is focusing on producing oil in Guyana as efficiently as possible to help the South American country in its border dispute with Venezuela. “I’m not sure the press has captured the true intensity of the situation there, but we’re keeping an... Continue Reading →
(Reuters) Colombia on Tuesday officially launched its first bidding round for offshore wind energy concessions, part of efforts by its first leftist government to wean it off oil and gas production. Energy minister Andres Camacho announced the conditions from Dubai, where he is attending the COP28 climate conference. Reuters reported exclusively over the weekend that... Continue Reading →
(OP) Spain’s Iberdrola and the UAE’s Masdar agreed on Tuesday to form a strategic partnership looking to invest $16.2 billion (15 billion euros) in offshore wind and hydrogen in major markets including the U.S., the UK, and Germany. Iberdrola, a utility giant with 41 gigawatts (GW) of renewables in operation, and the UAE’s clean energy developer Masdar... Continue Reading →
Brazil Energy Insight 