The ANP Board approved the geological and economic studies of three exploratory blocks, located in the Santos Basin Pre-Salt, for possible inclusion in future rounds of bidding for areas for exploration and production of oil and natural gas . With approval by the ANP, the Amazonita, Safira Leste and Safira Oeste blocks will now be... Continue Reading →
Exxon, Hess Exit Kaieteur Offshore Oil Exploration Block in Guyana
(Reuters) U.S. oil producers ExxonMobil and Hess Corp have withdrawn from exploring the Kaieteur block in Guyana’s deepwaters, Exxon said on Thursday, after disappointing exploration results. The exit comes as the producers focus on their larger and highly productive Stabroek block, where more than 11 billion barrels of oil and gas have been discovered so far. Kaieteur, at 3.3... Continue Reading →
TechnipFMC and Petrobras expand ‘many years of collaboration’
Brazilian state-owned oil and gas giant Petrobras has awarded TechnipFMC with a contract to supply flexible pipes for pre-salt fields offshore Brazil. Under the contract deemed as “significant”, TechnipFMC will design, engineer, and manufacture 14 kilometers of gas injection riser pipes and will supply associated services including packing and storage. Jonathan Landes, President of Subsea at TechnipFMC... Continue Reading →
Dutch King Inaugurates Massive Offshore Wind Farm
(OEE) Dutch King Willem-Alexander has officially inaugurated the offshore wind farm Hollandse Kust Zuid in the Dutch sector of the North Sea. To mark the occasion the king celebrated the completion of Vattenfall’s largest offshore wind farm to date together with executives of Vattenfall, BASF and Allianz on the beach of IJmuiden in front of... Continue Reading →
Challenges Loom as Colombia Seeks Offshore Gas Development
(OE) Offshore development of new gas assets has been identified as a key piece to Colombia’s long-term energy security, but significant challenges remain. The size, production capability, and required infrastructure investments all make the situation uncertain, energy industry intelligence group Wood Mackenzie has found. According to Wood Mackenzie, the development of recent offshore gas discoveries... Continue Reading →
Petrobras and Vale sign agreement to develop low-carbon solutions
Petróleo Brasileiro S.A. – Petrobras informs that it signed a memorandum of understanding with Vale today for the development of low-carbon solutions, taking advantage of the technical expertise and synergies of the two companies. The partnership will last for two years and will assess joint decarbonization opportunities, including the development of sustainable fuel initiatives -... Continue Reading →
Spanish Developer Proposes Three Floating Wind Farms in Portugal
(OW) Capital Energy, a renewable energy project developer based in Spain, has submitted applications for environmental assessments for three floating offshore wind farms in Portugal with a total capacity of 2 GW. Named Parque Eólico Offshore Barlavento, Parque Eólico Offshore Carvela and Parque Eólico Offshore Âncora, the first two are proposed to have 40 wind turbines... Continue Reading →
TotalEnergies Seals $400 Million Deal: Sells 40% Stake in Angola Offshore Block
(OE) French oil major TotalEnergies has sold a 40% interest in the offshore Block 20 in the Kwanza Basin in Angola to Malaysia's Petronas. The transaction was completed for an amount of $400 million as at January 1st, 2023, subject to customary price adjustments. TotalEnergies retains the operatorship and a 40% interest in Block 20,... Continue Reading →
Tugdock and Salamander Offshore Wind Team Up to Accelerate Floating Wind Energy Development
(OE) UK-based company Tugdock has signed a Memorandum of Understanding with Salamander floating offshore wind farm to collaborate on innovation for floating offshore wind energy in Scotland. Tugdock, based in Cornwall, UK, has patented marine buoyancy technology that enables heavy marine structures to be built or assembled and loaded-out in ports with water depth or... Continue Reading →
Mexican Billionaire Carlos Slim’s Firm Acquires Stake in Zama Offshore Oil Field
(OE) U.S.-based oil and gas company Talos Energy has completed the sale of its 49.9% interest in Talos Mexico to Zamajal, a subsidiary of Grupo Carso, a company controlled by the family of the Mexican billionaire Carlos Slim. Talos Mexico, now owned 50.1% by Talos Energy and 49.9% by Carso, holds a 17.4% interest in... Continue Reading →