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(Reuters) - China is making fast inroads in the market for newbuild liquefied natural gas (LNG) tankers as local and foreign shipowners turn to its shipbuilders for the specialty vessels because long dominant yards in South Korea are fully booked. Three Chinese shipyards - only one of them having experience building large LNG tankers -... Continue Reading →
(WO) — Houston American Energy Corp. announced the acquisition of an additional interest in Hupecol Meta, LLC., on December 9th. “We are excited about the increase of our interest in the CPO-11 block, the progress made by Hupecol Meta to date, and the outlook for the development of the block,” John Terwilliger, CEO of Houston... Continue Reading →
(OET) Vattenfall Atlantis 1 and Global Tech II Offshore Wind GmbH have issued a contract notice seeking contractors to install inter-array cables for two wind farm projects offshore Germany. The two projects, Vattenfall Atlantis 1 and Global Tech II, are located in the German North Sea, in the N-7.2 and N-6.6 zones. The contract is... Continue Reading →
(OE) Northern Ocean Ltd's semi-submersible drilling rig, Deepsea Bollsta, has arrived in Namibia and started its contract with Shell. The contract for the 2019-built offshore drilling rig has a firm duration of twelve months. Shell will have the option to extend it for another six months. The drilling rig is managed by the Norwegian drilling... Continue Reading →
(OE) Norwegian offshore wind services firm Havfram said Monday that construction had started in China for its first offshore wind turbine installation vessel. Havfram could order four WTIVs in total. Havfram said it had secured an additional USD 250 million in equity funding through a partnership between its primary sponsor, Sandbrook Capital, and Canada's PSP... Continue Reading →
(TN) The Brazilian Institute of the Environment (Ibama) has granted two important licenses to Petrobras. The first authorizes the start of operations of FPSO P-71 in the Itapu field, in the Santos Basin pre-salt. The document will be valid for eight years. Petrobras expects to start operating the platform in December. As a reminder, the... Continue Reading →
ANP will hold on December 16, in Rio de Janeiro, the public session of the 1st Cycle of the Permanent Production Sharing Offer (OPP). There will be 11 blocks on offer, four in the Campos Basin and seven in the Santos Basin. See the blocks on offer: Campos Basin - Agua Marinha; Norte de Brava;... Continue Reading →
(Reuters) - Brazil's leftist President-elect Luiz Inacio Lula da Silva on Friday picked a trusted ally, former Sao Paulo Mayor Fernando Haddad, as his finance minister, ending days of speculation over a key appointment. Lula is set to take office on Jan. 1 after narrowly defeating far-right incumbent Jair Bolsonaro in October. Lula also chose career... Continue Reading →
(Loop) Fourteen oil blocks in Guyana’s lucrative offshore oil and gas fields are now up for grabs, as the government has opened a new round of auctions. In announcing the start of the auction this morning, President Dr Mohammed Irfaan Ali said his government plans to complete the bidding process by April 14, 2023 and... Continue Reading →
Partners in the Corentyne block offshore Guyana – Canada’s CGX Energy and Frontera Energy – have completed the previously announced agreement for the block, enabling them to secure funding for their exploration well, which is slated to be spud once the Noble-owned rig, hired for this assignment, arrives at the location. Earlier this year, CGX... Continue Reading →
Brazil Energy Insight 