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(Reuters) HSBC will no longer provide new lending or capital markets finance for new oil and gas fields, the British bank said on Wednesday, as part of a wider update to its energy policy. The bank said it will continue funding natural gas projects for now, given the global energy crisis and the pressures placed... Continue Reading →
Tullow Oil has signed a production sharing contract (PSC) for Ivory Coast's offshore exploration license CI-803. Tullow will operate the license with 90% equity, with the remaining 10% held by PetroCi. The CI-803 offshore block covers an area of 1,345 square kilometers and is adjacent to license CI-524, also held by Tullow (90%, operator) and... Continue Reading →
(OET) UK-headquartered and AIM-listed company Afentra plc has made progress on completing deals with Angola’s state-owned oil and gas company Sonangol and Croatia’s INA-Industrija Nafte, which will allow it to acquire interests in blocks offshore Angola. Back in April 2022, Afentra announced that its wholly-owned subsidiary, Afentra (Angola), had signed a Sale and Purchase Agreement (SPA) with Sonangol to acquire a 20... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that has become part of the list of global companies that stand out in climate change mitigation actions, as announced by the international organization CDP, formerly known as the Carbon Disclosure Project. The company received an A- rating in recognition of its good practices on this topic and as... Continue Reading →
(OE) Italian energy industry services company Saipem has secured offshore oil and gas field construction contracts in Guyana and Egypt worth about $1.2 billion in total. In Guyana, the U.S. oil major ExxonMobil has hired Saipem to support its Uaru offshore oil field development project, in the Stabroek block, at a water depth of around 2,000... Continue Reading →
(OE) Vuyk Engineering Rotterdam has launched a design for a new offshore wind foundation installation vessel (FIV), called VERticale, in response to ever-growing wind turbines needing larger foundations. "VERticale is developed for an optimized deck layout," says Kuno van den Berg, Department Manager Operational Engineering at Vuyk Engineering Rotterdam. ©Vuyk Engineering Rotterdam "The location of the... Continue Reading →
(Reuters) - Italian renewable developer Renexia has selected France's Technip Energies (TE.PA) to study and design key elements of one of the world's biggest floating offshore wind farms, the French engineering group said on Thursday. The French group, which this year launched a division dedicated to energy transition projects, will conduct the front-end engineering and design for... Continue Reading →
(Reuters) Brazilian power company Eletrobras and Shell have signed a cooperation agreement to exchange information as they mull a potential co-investment in offshore wind power in the South American country, Eletrobras said on Thursday. The move marks another step for Shell in the sector in Brazil, where it already has several offshore wind projects pending... Continue Reading →
(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 →
Brazil Energy Insight 