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Taiya Renewable Energy on Tuesday announced a joint development of a floating offshore wind pipeline including a 50 MW floating wind pilot-project and commercial-scale projects offshore Taiwan with floating wind specialist BW Ideol. "This cooperation is the first project of a Taiwanese developer to announce its entry into floating pilot wind projects. It is also... Continue Reading →
(Reuters) - Mexico's environmental regulator has no records of state oil company Pemex reporting a methane leak last December at the country's top oil field, according to the regulator's response to a freedom of information request filed by Reuters. "There are no records" of "a possible incident at the asset Ku-Maloob-Zaap in December 2021," regulator... Continue Reading →
(U) US supermajor ExxonMobil expects oil and natural gas will remain an important part of the energy mix in the decades to come, in order to meet an expected rise in energy demand around the world. Third-party studies estimate that $13 trillion of new oil and gas investments will be required by 2050 to meet... Continue Reading →
Australia’s oil and gas company Karoon Energy has decided to postpone intervention activities on the fourth well at a field, located offshore Brazil. As a result, a Maersk Drilling-owned semi-submersible rig, which was used during the three-well intervention campaign, will now carry out drilling operations on another Brazilian field for Karoon. Back in April 2021,... Continue Reading →
Aquaterra Energy and Seawind Ocean Technology have signed an agreement for the development of what the companies say will be the world’s largest floating offshore wind and green hydrogen production project in Italy. The project, named HyMed, is currently in its first phase of permitting, with the grid connection and the environmental impact assessments well... Continue Reading →
Presidential campaign rhetoric raises fears of return to failed policies (U) Brazilian politicians have a long track record of meddling in the country’s oil and gas sector, particularly on the thorny topic of fuel prices. And with Brazil's presidential elections just around the corner, there are fears that a change in government will bring a... Continue Reading →
(U) The first bid round featuring pre-salt acreage under the permanent offer mechanism will be the last auction of the current four-year term of Brazil’s President Jair Bolsonaro. Scheduled for 16 December, the round has attracted interest from supermajors in the US and Europe, as well as from oil companies in Asia looking for a... Continue Reading →
(U) Brazil’s Prio intends to become one of the largest independent oil and gas companies in the Americas and is counting on more than doubling its production over the next two years to meet that target. With a solid cash position of $1.2 billion, the company is simultaneously developing a pair of clusters in the... Continue Reading →
South American nation could host first offshore wind auction in late 2023 (U) The Brazilian Senate has passed a key bill of law crafted to unlock investments in offshore renewable energy projects in the country. The federal bill, sponsored by Jean Paul Prates, a senator from the opposition Workers’ Party, proposes a regulatory framework for... Continue Reading →
(U) Brazil has for decades been the king of the floating production, storage and offloading vessel market, and it should easily retain the crown for years to come as oil companies operating in the South American nation continue to opt for FPSOs to develop their hydrocarbon resources. Petrobras already has dozens of FPSOs spread across... Continue Reading →
