Offshore drilling upcycle whets contractors’ appetite for rig reactivation with scrapping taking a downturn

Westwood Global Energy, an energy market research and consultancy firm, has revealed that offshore rig scrapping is at its lowest level in years, as the offshore drilling market’s recovery intensifies. As a result, cold-stacked rigs are being increasingly reactivated for new assignments amid growing demand and elevated day rates. According to Westwood’s analysis, during the... Continue Reading →

March 8, 2023 0

2023 expected to be another bumper year for offshore wind sector – Rystad

(OM) The growth in investment in renewable energy projects continues in 2023, according to a recent Rystad Energy report. There has been significant growth in offshore wind, with over 45 GW of capacity launched globally in 2022. As many countries ramp up efforts to meet self-imposed 2030 targets for installations, 2023 is expected to be... Continue Reading →

March 8, 2023 0

3R Petroleum update on the intervention of Papa Terra Cluster

3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, and in addition to the material fact disclosed on February 28, 2023, informs its investors and the market in general that the root cause of the unit shutdown was solved, and the 3R-2 unit's... Continue Reading →

March 8, 2023 0

First French Floating Wind Connection Starts Taking Shape

French transmission system operator RTE Réseau de Transport d’Electricité has started work to connect the country’s first floating offshore wind farm to the national grid. The laying of the export cable has started to connect the Eoliennes Flottantes du Golfe du Lion (EFGL) wind farm in the Mediterranean Sea to the French national grid. ”Initiated... Continue Reading →

March 8, 2023 0

Guyana Planning Second Oil Auction in 2024 to Bolster Expansion

(Bloomberg) Guyana is planning another auction of prospective oil-field leases next year as the world’s fastest-growing economy seeks to maintain the pace of development, Vice President Bharrat Jagdeo said. The country’s first auction is expected to take place by the end of May after being delayed by a few weeks as the government finalizes contract terms and legislation... Continue Reading →

March 8, 2023 0

US Plans No Wider Easing of Sanctions on Venezuela, Official Says

(Reuters) The U.S. government is not planning a systematic easing of sanctions on Venezuela after an initial round allowed partners of state-run oil firm PDVSA to resume taking oil for past debts, a State Department official said. In November, Washington issued a six-month license allowing Chevron Corp. to expand operations and export Venezuelan oil to... Continue Reading →

March 8, 2023 0

CERAWEEK-Brazil’s Petrobras to pursue more green energy, tie-ups -CEO

(Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) will focus on financing large-scale renewable energy projects and evaluating new partnerships with energy companies in the coming years, its chief executive said in remarks released on Tuesday. CEO Jean Paul Prates made the comments a day after the company announced it was evaluating seven offshore wind power projects along the... Continue Reading →

March 8, 2023 0

Woodside on Track for Decision on Deepwater Trion Field in Mexico in 2023

Australia's Woodside Energy is on track to make a final investment decision this year on the Trion offshore oil project, which would inaugurate production in the deep waters of the country's Gulf of Mexico. [BHP Petroleum, now part of Woodside] partnered in 2017 with state-oil company Pemex, which discovered Trion's reserves five years earlier. The deal... Continue Reading →

March 8, 2023 0

Tanzania, Equinor, and Shell Complete Negotiations for $30B LNG Terminal

(Reuters) Negotiations for the construction of a $30 billion liquefied natural gas (LNG) terminal between Tanzania, Norway's Equinor and Britain's Shell are complete and contract preparations are underway, Tanzania's energy ministry said. The development of Tanzania's vast offshore gas resources has been held up for years due to regulatory delays. Last June, all three parties... Continue Reading →

March 7, 2023 0

The Crown Estate and Crown Estate Scotland Survey Industry on Carbon Capture Utilisation and Storage

The Crown Estate and Crown Estate Scotland have started the first round of formal engagement with developers on Carbon Capture Utilisation and Storage (CCUS). The two organizations, one responsible for the seabed around England, Wales, and Northern Ireland, the other for areas off Scotland, have issued a joint survey to industry stakeholders to explore and... Continue Reading →

March 7, 2023 0

Brazil Energy Insight

Offshore drilling upcycle whets contractors’ appetite for rig reactivation with scrapping taking a downturn

2023 expected to be another bumper year for offshore wind sector – Rystad

3R Petroleum update on the intervention of Papa Terra Cluster

First French Floating Wind Connection Starts Taking Shape

Guyana Planning Second Oil Auction in 2024 to Bolster Expansion

US Plans No Wider Easing of Sanctions on Venezuela, Official Says

CERAWEEK-Brazil’s Petrobras to pursue more green energy, tie-ups -CEO

Woodside on Track for Decision on Deepwater Trion Field in Mexico in 2023

Tanzania, Equinor, and Shell Complete Negotiations for $30B LNG Terminal

The Crown Estate and Crown Estate Scotland Survey Industry on Carbon Capture Utilisation and Storage

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