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(Reuters) - Mexican state oil company Pemex and a consortium led by U.S. firm Talos Energy (TALO.N) delivered a development plan for the Zama oil field to Mexico's oil regulator on Thursday, Pemex said. The plan includes two offshore platforms and the drilling of 46 wells, as well as the transportation of oil and gas to the... Continue Reading →
German offshore wind developer RWE said Thursday that its offshore wind farm Kaskasi, located around 35 kilometers north of the island of Heligoland, Germany, had officially started regular operation. With an installed capacity of 342 megawatts (MW), Kaskasi can supply the equivalent of over 400,000 households with electricity. The 38 wind turbines of Kaskasi were... Continue Reading →
(Reuters) - Colombia's Ecopetrol must focus on growing its oil and gas production to fund the transition towards renewables, said Saul Kattan, the chairman of the majority state-run energy company. Colombia could be a world leader in production of renewables like wind and green hydrogen, Kattan told Reuters late on Wednesday, but the company, the... Continue Reading →
Semco Maritime, ISC Consulting Engineers, Aalborg University, Energy Cluster Denmark and Norway, and Sweden-based Inocean have all obtained funding to forward the development of a floating offshore substation (FOSS) concept. The parties announced their collaboration in 2022 and are now set to accelerate further the floating offshore substation development through funding from the Energy Technology... Continue Reading →
U.S. oil and gas company Hess Corporation has opted to implement digital wells using a well construction suite from a compatriot oilfield services giant, Halliburton. Halliburton reported on Wednesday, 22 March 2023, that Hess had selected Halliburton’s DecisionSpace 365 Well Construction applications powered by iEnergy Hybrid Cloud to “plan, design, and construct safe, cost effective, and productive wells.” Nagaraj Srinivasan, senior... Continue Reading →
Australia’s oil and gas company Karoon Energy has kicked off production from a well located on a field offshore Brazil, with first production rates surpassing expectations. In addition, the second well at this field is expected to come online by the end of the month. Back in April 2021, Karoon hired a rig to perform well... Continue Reading →
German energy group EnBW has reached a final investment decision for He Dreiht offshore wind farm in Germany, clearing the way for the start of construction of EnBW’s largest offshore wind farm to date, with an installed capacity of 960 megawatts (MW). EnBW CFO Thomas Kusterer said: “In He Dreiht, we are building one of Germany’s largest... Continue Reading →
Petro Rio S.A. ("Company" or "PRIO") (B3:PRIO3), in compliance with the provisions of Article 12 of Resolution No. 44 of the Brazilian Securities and Exchange Commission ("CVM"), dated August 23, 2021, as amended, informs that it received from Banco de Investimentos Credit Suisse (Brasil) S. A. correspondence in which they inform the Company that they... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in addition to the material facts disclosed on 02/02/2023 and 02/17/2023, informs that its Board of Directors elected as of 03/29/2023, with term of office until 04/13/2025, the following members to the Executive Board: Mr. Sergio Caetano Leite to the position of Chief Financial and Investor Relations Officer; Mr. Joelson... Continue Reading →
(Reuters) - Energy trader Gunvor made strong profits last year and is looking to expand its oil trading and develop a significant power trading arm in the United States, its CEO told Reuters. Swiss energy traders have posted record returns over the last few years as they thrived in extremely volatile markets brought on by... Continue Reading →
Brazil Energy Insight 