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Oil and gas company Borders & Southern Petroleum said Thursday it had secured the extension of its Production Licences PL018, PL019, PL020, including the Darwin Discovery Area, offshore the Falkland Islands. The offshore licenses were due to expire on the December 31, 2022. After applying for a two-year extension, the company has received confirmation from... Continue Reading →
Philip Lewis, Contributor (OE) Developers are beginning to release details of their bids for yesterday’s California floating wind auction. The successful bidders for the two north California Humboldt sites, RWE and CIP, both bid the highest prices per square kilometer of lease area. Both companies have also identified comparatively low development potential of at 1.6 GW... Continue Reading →
Petro Rio S.A. ("Company" or "PRIO") (B3: PRIO3) following the Material Facts disclosed on September 1 and October 3 and 24, 2022, informs that the incorporation of all of the common shares that compose the capital stock of Dommo to the equity of Petro Rio OPCO Exploração Petrolífera S. A. ("OpCo"), subsidiary of Petro Rio... Continue Reading →
(OM) Kongsberg Maritime will supply technology and engineering for a second F-class wind turbine and foundation installation vessel that Cadeler has ordered. This will be one of the world’s largest installation vessels in the offshore wind sector when completed, according to the company. Kongsberg Maritime will provide a thruster package, electrical solutions and integrated controls, including the dynamic... Continue Reading →
(Reuters) - Portugal wants to speed up investments in green hydrogen projects, which are essential to decarbonize the economy, and will end mandatory environmental assessments for them in March 2023, Prime Minister Antonio Costa said. Portugal expects to become a major producer and exporter of green hydrogen with 70 private investors or groups planning to spend 10... Continue Reading →
(Reuters) - Venezuelan officials and executives from U.S. oil company Chevron Corp (CVX.N) held a private meeting on Wednesday at one of their joint ventures to discuss operations and management, but workers were left out, three sources close to the matter said. In November, the U.S. Treasury Department issued a license to Chevron to expand operations in... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Thursday said it will raise spending next year closer to the top end of its $20 billion-$25 billion annual guidance and expand investments to curb carbon emissions. Exxon led record gains among oil majors in the second and third quarters this year, aided by its highly criticized decision during the COVID-19 pandemic to double... Continue Reading →
The global deep-water drilling giant Transocean has been awarded contracts in Brazil worth $1.04 billion for two ultra-deepwater drillships. Transocean said its drillships Deepwater Corcovado and Deepwater Orion would work offshore Brazil for a national oil company. Deepwater Corcovado was awarded a four-year contract, which contributes an estimated $583 million in backlog and is expected... Continue Reading →
Five developers selected to build the first floating wind farms in U.S. federal waters (OE) To support the California Energy Commission’s planning goals of 2-5 GW of offshore wind by 2030 and 25 GW by 2045 as well as a federal target to deploy 15 GW of floating wind by 2035, the Bureau of Ocean... Continue Reading →
Offshore accommodation provider Prosafe has been awarded a contract by Petrobras for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil. Prosafe was declared the winner of a bidding process launched by Petrobras for the provision of the Safe Zephyrus semi-submersible unit in November. A potential contract award and the timing of the contract... Continue Reading →
Brazil Energy Insight 