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(Reuters) - Japan's Mitsubishi Corp (8058.T) on Monday said that it and other shareholders of the Monsoon wind power project in Laos have raised $692 million in financing for the wind farm. Mitsubishi, Thai renewable energy firm BCPG Pcl, and other stakeholders secured the financing package from the Asian Development Bank, Japan International Cooperation Agency, Sumitomo Mitsui... Continue Reading →
BW Energy on Monday announced it has achieved first oil from the Hibiscus / Ruche Phase 1 development in the Dussafu license offshore Gabon. "Production performance from the first well has been in line with expectations and is currently stabilized at approximately 6,000 barrels per day," the Oslo-listed E&P company said in a statement. "We... Continue Reading →
(OW) Ørsted and Highview Power have joined forces to try to prove the feasibility and economic value of co-locating long-duration energy storage with offshore wind. The two companies will carry out detailed technical analysis and an economic assessment during 2023 that will investigate how combining Ørsted’s wind technology with Highview Power’s liquid air energy storage... Continue Reading →
Prysmian’s cable-laying barge Ulisse has resumed cable laying operations at the first U.S. large-scale offshore wind project, located off the coast of Massachusetts. According to the project’s latest mariner update, cable laying operations of the mid-section cable for the Vineyard Wind 1 project were set to kick off on or about 9 April and continue... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) has held preliminary talks with Pioneer Natural Resources Co (PXD.N) about a possible acquisition of the U.S. shale oil producer, the Wall Street Journal reported on Friday, citing people familiar with the matter. Discussions between the two companies about a potential deal have been informal, the newspaper said, adding that Exxon executives have discussed a... Continue Reading →
Offshore drilling contractor Borr Drilling has secured a new contract for one of its premium jack-up drilling rigs from an undisclosed company in Latin America. Borr Drilling announced a new contract on Monday, 10 April 2023, for its Hild premium jack-up rig for work in Latin America. According to the company, the contract covers a firm term of... Continue Reading →
(OE) U.S. offshore shipbuilder and shipowner Edison Chouest this week marked the 50-percent completion milestone for the U.S.-flagged ECO Edison, the first Jones Act-compliant wind farm SOV. Senior executives from offshore wind developers Ørsted and Eversource toured the Edison Chouest Offshore shipyard in Louisiana to see the progress on the SOV. ECO Edison will be... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras announces that its Executive Board, in a meeting held today, approved an organizational adjustment proposal to be submitted to the Board of Directors as part of a continuous improvement process. The proposal has three objectives: (i) prepare the company for the energy transition with the creation of an Executive Office... Continue Reading →
(Reuters) - Judges at the International Court of Justice (ICJ) on Thursday ruled they had jurisdiction over a long-running border dispute between Guyana and Venezuela, which could determine which country has rights to territory rich in oil and gas. Guyana in 2018 asked the ICJ, also known as the World Court, to confirm that the... Continue Reading →
A new record for the successful history of the Brazilian pre-salt. The National Petroleum Agency (ANP) announced that production in the layer in February totaled 3.268 million barrels of oil equivalent per day, growth of 2.3% compared to January. The volume surpassed the previous record of 3.142 million barrels of oil equivalent per day, recorded... Continue Reading →
Brazil Energy Insight 