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(Reuters) Exxon Mobil Corp warned on Thursday it would write down about $2.5 billion of California assets in the fourth quarter, and said lower energy prices reduced operating profits. The snapshot by the largest U.S. oil producer showed operating results could drop to about $8.9 billion, down 30% from the $12.7 billion net profit a year earlier, and 3% weaker... Continue Reading →
(OE) Offshore drilling contractor Noble Corporation and Malaysian oil company Petronas, through its subsidiary Petronas Suriname E&P, have agreed to rig swap for extended scope offshore Suriname. Based on an existing contract option, Noble and Petronas Suriname E&P have entered into an agreement for the 7th generation drillship Noble Voyager to drill one well in Block... Continue Reading →
The Brazilian Environmental Institute (Ibama) issued the preliminary license for the Parque das Baleias Integrated Project, in the Campos Basin. The document is valid for five years. The project foresees the interconnection of 17 wells to the new platform vessel (FPSO) Maria Quitéria, nine of which are oil producers and eight water injectors. The platform... Continue Reading →
(Reuters) U.S. liquefied natural gas exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying it positioned the United States to leapfrog Qatar and Australia to become the largest exporter of LNG in 2023. The U.S. was the stand out in global LNG supply growth in 2023, said Alex... Continue Reading →
(OE) Australia's Karoon Energy has completed the acquisition of interests from LLOG Exploration Offshore and LLOG Omega Holdings for the U.S. Gulf of Mexico oil and gas fields. The acquisition includes a 30% working interest in the Who Dat and Dome Patrol oil and gas fields and associated infrastructure, an approximately 16% working interest in... Continue Reading →
(Reuters) - Copenhagen Infrastructure Partners and Avangrid (AGR.N) said on Wednesday their joint venture Vineyard Wind began generating power for the first time, supplying five megawatts (MW) to the New England grid. The project is expected to have five turbines operating at full capacity in early 2024, the companies said. The announcement comes after offshore wind projects... Continue Reading →
(Reuters) - European energy firms Equinor (EQNR.OL) and BP (BP.L) terminated on Wednesday their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs and supply chain issues. "This agreement reflects changed economic circumstances on an industry-wide scale and repositions an already mature project to continue... Continue Reading →
(OE) Portuguese oil and gas company Galp has reported preliminary signs of hydrocarbon presence in an exploration well being drilled offshore Namibia. Galp (operator, 80%) and its partners NAMCOR and Custos (10% each) initiated the drilling campaign in PEL 83, offshore Namibia, on November 17, 2023. The first well, Mopane-1X, indicates preliminary signs of hydrocarbon... Continue Reading →
One of Japan's largest offshore wind farms has started commercial operation in the prefecture of Hokkaido. Tokyo-based renewable energy company Green Power Investment built the facility in Ishikari Bay, off the coast of western Hokkaido. It has 14 turbines, each of which is 196 meters tall. The wind farm started commercial operation at the start... Continue Reading →
Petrobras signed, this Tuesday (02/1), a contract with the company FMC Technologies do Brasil, a subsidiary of TechnipFMC, which won the bid for the integrated Engineering, Acquisition, Construction and Installation (iEPCI™) contract, as well as the carrying out tests to develop the HISEP® technology, patented by Petrobras for the separation of oil and gas at... Continue Reading →
Brazil Energy Insight 