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(Reuters) The United States has granted an amendment requested by the government of Trinidad and Tobago to a license allowing the joint development of an offshore gas project with Venezuela, the Caribbean country's Energy Minister Stuart Young said on Tuesday. The amendment would allow payments in hard currency or in kind to Venezuela for any gas supplied by state-run... Continue Reading →
(Reuters) More than 20 companies including Exxon Mobil, a unit of Saudi Aramco, BP and Shell have submitted bids to compete for a contract to market Guyana's share of oil production, the government said on Tuesday. The 12-month contract, which allows the country to export its portion of crude produced offshore by a consortium led... Continue Reading →
(TN) The Caraguatatuba (UTGCA) and Cabiúnas (UTGCAB) natural gas processing units, belonging to Petrobras, broke a gas processing record from the Santos Basin Pre-Salt, in September. During the period, the mark of 28.96 million m³/d of gas was reached, surpassing the previous record of 27.27 million m³/d reached in March 2022. Currently, gas from the... Continue Reading →
New York-listed floating regasification specialist Excelerate Energy has secured a 10-year charter deal from Brazil’s Petrobras for the FSRU Sequoia. The agreement, effective January 1, 2024, will see the Texas-headquartered Excelerate continue to deploy the 2020-built unit to provide regasification services in Brazil at the Bahia regasification terminal in Salvador. Excelerate has provided regasification services in... Continue Reading →
(Reuters) - Considerable private investment is required to scale up the low-carbon hydrogen economy in the United States by 2030, a report by consultancy Wood Mackenzie said on Tuesday, adding that the $7 billion allotted by the U.S. Department of Energy (DoE) to regional hubs was a significant step. Last week, the Biden administration announced... Continue Reading →
(Reuters) - Exxon Mobil Corp. (XOM.N) expects to make a final investment decision on its sixth oil project in Guyana by the first quarter of 2024, the company's country chief Alistair Routledge said on Tuesday. In August, Exxon and partners proposed a plan to spend $12.93 billion to develop the Whiptail offshore oil project. The floating production... Continue Reading →
ANP published the executive summary of the new development areas of Raia Manta and Raia Pintada, originating from recent declarations of commerciality for block C-M-539, in the Campos Basin. The block is operated by the company Equinor Energy do Brasil Ltda., which sent the commerciality declarations to the ANP on 9/20. Block C-M-539, arising from... Continue Reading →
(OE) Norwegian ports investing in offshore wind can generate NOK 8.4 billion (currently ~766 million) in annual value and employ approximately 6,400 people by 2030, a new report from Menon Economics has found. The report was commissioned by Norwegian Offshore Wind, Eksfin, Invest in Rogaland, Invest in Bergen, and Invest in Agder. The study... Continue Reading →
(OE) TotalEnergies and its partner SSE Renewables said Tuesday that their Seagreen offshore wind farm, Scotland's largest and the world’s deepest fixed-bottom wind farm, is now fully operational and running at its design capacity of 1,075 MW. Seagreen is a joint venture between TotalEnergies (51%) and SSE Renewables (49%). It is located in the North... Continue Reading →
(OET) Brazilian state-owned oil and gas giant Petrobras has awarded compatriot offshore oil and gas services provider Ocyan with a contract to carry out the revitalization of a network of gas pipelines in the Campos Basin. The contract, valued at approximately $317.49 million, is expected to last four and a half years and will revamp the... Continue Reading →
Brazil Energy Insight 