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(OET) UK-headquartered energy giant Shell has highlighted five trends in its energy sector outlook for 2023 observed through the prism of energy security, economics and transition to low-carbon sources. Shell’s energy outlook for 2023, which was published earlier this week, points out that the energy transition is not something that can stand on its own, as... Continue Reading →
Dutch Strohm has secured a second contract with U.S. oil and gas giant ExxonMobil for the delivery of thermoplastic composite pipe (TCP) jumpers for a field development located offshore Guyana. The award, said to mark Strohm’s largest order so far, will see the delivery of more than 24 of the company’s Jumper on Demand jumpers... Continue Reading →
(Reuters) - Brazil's 11-day-old government braced on Wednesday for more protests by far-right former President Jair Bolsonaro's supporters, whose Sunday rampage through public buildings marked the worst attack on the country's institutions in decades. The government of leftist President Luiz Inacio Lula da Silva bolstered security measures nationwide as flyers appeared on pro-Bolsonaro social media... Continue Reading →
The Jones Act is a single sentence long, and yet somehow that reservation of U.S. domestic maritime commerce to qualified U.S.-flag vessels has spawned numerous complications with respect to offshore wind energy projects. Although not supported by prior experience, maybe 2023 will bring some clarity. U.S. Customs and Border Protection (CBP) is the primary source... Continue Reading →
While European oil majors are taking a gamble on hydrogen as the transport fuel for the future, this ‘big bet’ is not so big in reality, according to a new study on behalf of Transport & Environment (T&E), which shows that investments in biofuels refining are eight times bigger. Ricardo Energy & Environment, a global... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in Corporate Governance informs its investors and the market in general the preliminary unaudited production data for December 2022. (1) Refers to the 35% Interest held by 3R in Pescada Cluster concessions. (2) In December, approximately 70% of the gas produced... Continue Reading →
(AP) — A fifth major offshore oil field being developed by a consortium led by ExxonMobil at an estimated cost of $12.7 billion will add another 1.3 billion barrels of recoverable oil reserves to the 10-billion barrel Guyana-Suriname basin, the Guyanese government said Tuesday. The Uaru-Mako project currently under review could come on stream in... Continue Reading →
(Reuters) The U.S. Interior Department on Tuesday named Elizabeth Klein, a lawyer who worked in the Obama and Clinton administrations, to head the bureau that oversees offshore oil, gas and wind development. Klein will take over for the current head of the Bureau of Ocean Energy Management, Amanda Lefton, who has resigned from the post... Continue Reading →
(Reuters) China's CNOOC Ltd has set its 2023 production target at a record 650 million to 660 million barrels of oil equivalent (boe), about 8% above last year's goal. The state-controlled offshore oil and gas company produced about 620 million boe last year, exceeding its goal of 600-610 million boe, CNOOC said on Wednesday in a... Continue Reading →
(Reuters) - Geneva-based energy trader Gunvor Group on Wednesday said it has renewed a $1.565 billion loan facility to support the working capital needs of its liquefied natural gas (LNG) activities globally. The credit arrangement launched at $1.2 billion was oversubscribed and increased from $1.135 billion to $1.565 billion, the company said. As a part... Continue Reading →
Brazil Energy Insight 