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(OM) Wintershall Dea has submitted an appraisal drilling plan to build on its recent Kan oil discovery in Block 30 in the shallow-water Sureste Basin offshore Mexico. According to partner Harbour Energy, the partners aim to start drilling next year. Exploration started in October 2022 and led to the Upper Miocene Kan-1 discovery this April, drilled by the... Continue Reading →
(OE) Floating platform developer Gazelle Wind Power has appointed clean energy finance industry expert Álvaro Ortega as Chief Financial Officer (CFO). Ortega is the former Vice President of Finance at Avangrid Inc., a publicly traded company on the NY Stock Exchange and the U.S. subsidiary of global energy leader Iberdrola. “Finding someone with a track record like Álvaro’s is... Continue Reading →
(Reuters) - BP's search for a new chief executive is set to extend into the first quarter of 2024, three sources told Reuters, while the board's probe into whether previous CEO Bernard Looney breached the code of conduct in his undisclosed personal relationships with staff drags on. The oil company has been in turmoil since... Continue Reading →
(OW) Ørsted has secured an Electricity Business License (EBL) from the Ministry of Trade, Industry and Energy of the Republic of Korea for the 1.6 GW Incheon offshore wind project. The license grants Ørsted exclusive development rights for its gigawatt-scale Incheon offshore wind project which is set to become the largest in Korea on completion... Continue Reading →
(OE) Equinor and Chappal Energies have entered into an agreement for the sale of Equinor Nigeria Energy Company (ENEC), which holds a 53.85% ownership in oil and gas lease OML 128, including the unitised 20.21% stake in the Agbami oil field, operated by Chevron. Equinor has been present in Nigeria since 1992 and has played a significant role in... Continue Reading →
(OE) Equinor has announced the name of its floating offshore wind project off the coast of California, Atlas Wind. The lease area, which lies 60 miles from Morro Bay, has the capacity to provide over 2GW of reliable, renewable power, enough to power 1.7 million California homes once complete. California is poised to become a growing force... Continue Reading →
The Chamber of Deputies approved, by 403 votes to 16, the bill (PL 11,247 of 2018) that regulates the use of offshore energy potential (at sea). The proposal to create the Offshore Wind Power Regulatory Framework now goes to the Senate for analysis. The approved text was the substitute presented by the rapporteur, deputy Zé... Continue Reading →
Crown Estate Scotland has confirmed that seven offshore wind projects have signed Exclusivity Agreements as part of the Innovation and Targeted Oil & Gas (INTOG) leasing round. The seven projects join the five Innovation projects that secured Exclusivity Agreements earlier this year, bringing the number of INTOG projects to 12 out of the 13 agreements... Continue Reading →
(epbr) The Chamber of Deputies approved the Hydrogen bill (PL 2308/2023), which regulates the production of low-carbon hydrogen, establishes voluntary certification and provides federal tax incentives. The proposal goes to the Senate. – The bill considers low-carbon hydrogen to be hydrogen that, during production, emits up to 4 kg of CO2 for every 1 kg... Continue Reading →
(Reuters) - Brazilian fuel distributor Vibra (VBBR3.SA) on Tuesday rejected the merger proposal it received from energy firm Eneva (ENEV3.SA), saying the exchange ratio of the offer was "unjustifiable," while leaving the door open for new offers. On Sunday, Eneva had sent an unsolicited offer to Vibra proposing a stock-for-stock merger of equals. Vibra said its board of directors... Continue Reading →
Brazil Energy Insight 