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Philip Lewis, Contributor (OE) January brings with it the expectation that the United States' first commercial wind farm in federal waters will start generating power by year end, the promise that permitting for close to 5 gigawatts (GW) of projects will be finalized within the year and that federal agencies will auction leases containing more than... Continue Reading →
(Reuters) - The Fangtooth oil discovery in Guyana's waters is big enough to potentially require a platform for itself, which would be the seventh in the country, Hess Corp (HES.N) Chief Executive Office John Hess said in a conference on Thursday. Hess Corp is part of the Exxon Mobil Corp-led (XOM.N) consortium that has confirmed so far plans for... Continue Reading →
(OE) OTSC Offshore Corporation (“TSC”), a subsidiary of CMIC Ocean En-Tech Holding Co., Ltd. has signed a memorandum of understanding with Spain-based offshore vessel and equipment design firm Offshoretronic. The MoU entails bringing together Offshoretronic's technical engineering experience in offshore wind transportation and installation, and TSC offshore equipment design and manufacturing expertise, with the goal... Continue Reading →
(Reuters) - The United States is on track to become the world's biggest exporter of liquefied natural gas (LNG) this year - ahead of current market leader Australia - once a fire-idled Texas plant is restarted, according to Reuters data. A June fire sidelined Freeport LNG, the second biggest U.S. export facility, and cut U.S.... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Wednesday signaled another strong operational profit of about $15.4 billion in its fourth quarter, pushing it toward a record take for all of 2022. The largest U.S. oil producer indicated in a securities filing a cooling from its massive profits from the prior quarters. But preliminary operational results confirmed 2022... Continue Reading →
The Norwegian energy company Equinor has signed a strategic partnership with Germany's RWE that involves "large scale projects that will contribute to the European energy supply as well as to the ramp-up of the hydrogen economy in Germany and the EU." In addition, the partnership said it would strengthen the long-term security of supply of... Continue Reading →
Spanish renewable energy company Iberdrola has chosen Brazil as a place where it plans to install its first ever floating solar plant. The project will be built on the water surface of the Xaréu dam on the island of Fernando de Noronha, recognized by UNESCO as a World Natural Heritage Site. This initiative is carried... Continue Reading →
The total production of Oil and Natural Gas for the month of November 2022 was 3.978 million barrels of oil equivalent per day (boe/d), of which 3.095 million barrels of oil per day (bbl/d) and 140.380 million cubic meters of natural gas per day (m³/d). In oil, there was a reduction of 4.6% in comparison... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) said on Wednesday its board of directors had approved the early departure of chief executive officer Caio Paes de Andrade, which will take effect immediately. Reuters had first reported on Tuesday, citing sources, that Andrade had informed the board of directors of his resignation, ahead of the end of his... Continue Reading →
Uruguay's state oil company ANCAP has awarded two offshore blocks to Argentina's YPF and a consortium between Shell and APA (ex-Apache). Shell and APA Corporation won the rights to Area OFF-4, where the consortium has committed to conducting 3D seismic acquisition. YPF won the AREA OFF-5 deepwater offshore block. Below is the committed exploratory program... Continue Reading →
Brazil Energy Insight 