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Argentina extends ExxonMobil and QatarEnergy’s exploration licence for MLO_113 by one year
Argentina’s Energy Secretariat has agreed to extend the term of the exploration permit granted to subsidiaries of ExxonMobil (US) and QatarEnergy for MLO_113, a block in the West Malvinas basin.
Guyana launches first competitive licensing round for offshore blocks
Guyana has launched its first-ever competitive oil and gas licensing round and is now accepting bids for 14 offshore blocks, the country’s Ministry of Natural Resources said on November 4.
Seadrill launches drilling operations at Bacalhau oilfield, Equinor reports
Norway’s Equinor said last week that its contractor Seadrill Management (UK) had begun drilling operations at Bacalhau, an oilfield located offshore Brazil in the Santos basin.
US reportedly discussing Trinidad and Tobago’s plan to use Venezuelan gas for Atlantic LNG
The US government has reportedly agreed to discuss Trinidad and Tobago’s request for a waiver from sanctions on Venezuela’s oil sector in order to secure more feedstock for Atlantic LNG.
Biden’s climate plans likely to face opposition
With results still coming in for the US midterm elections, much remains up in the air. But one thing is clear: the Republican rout that many expected was a red ripple not a red wave, say analysts. Republicans tend to be less friendly to clean energy.
Germany plans 50 GW of offshore wind by 2035
An agreement has been reached in Germany for a higher goal of 50 GW of offshore wind installations by 2035. The goal had been 40 GW.
REM: Germany plans 50 GW of offshore wind by 2035
Lithuania’s Energy Minister says country could serve as “gateway to Europe” for green hydrogen
Jagdeo: Guyana’s new refinery will serve domestic consumers, not regional market
Guyana's vice president says the country is building an oil refinery to meet the needs of the domestic fuel market, not because it hopes to supply regional fuel markets.
PdVSA set to deliver two cargoes of oil to Eni in November
Venezuela’s national oil company PdVSA is reportedly set to deliver two cargoes of diluted crude oil to a subsidiary of Eni (Italy) this month.
Ørsted’s profit soars on farm-downs of two large offshore wind projects
Leading Danish energy firm Ørsted has raised its profit outlook for 2022 because power prices have been high, but the company posted third-quarter earnings below expectations due to lagging performance in its offshore wind unit.
Japan’s largest utility teams up with Scottish offshore wind company
A subsidiary of Tokyo Electric Power Company (TEPCO), Japan’s largest electricity utility, is for the first time venturing into overseas offshore floating wind markets.
Pampa Energía will invest $550mn in 2023 to boost unconventional gas production
Argentina’s Pampa Energía will spend $550mn next year on efforts to increase production rates at unconventional gas fields in the Vaca Muerta shale formation.
Heritage Petroleum reports on tax payments to Port of Spain in FY 2022
Heritage Petroleum Co. Ltd, Trinidad and Tobago’s state-owned oil company, paid TTD4.8bn ($707.61mn) in taxes to the government during Fiscal Year 2022.
Petrobras finalises sale of SIX refinery to F&M Brazil
Petrobras has finalised the sale of Paraná Xisto, the entity formed to hold its shares in Unidade de Industrializacao de Xisto (SIX), a refinery in Paraná State that processes oil shale.
TotalEnergies chief says West and rest of world don't see eye to eye on Ukrainian war
Russia jacks up tax on LNG exporters
Bulgaria’s parliament orders government to seek non-Russian nuclear fuel for Kozloduy NPP
DTE Energy to spend $9bn in 10 years on 5.4 GW of renewables, storage, coal-to-gas switch
US company DTE Energy plans to add some 4.4 GW of solar, 1 GW of wind and 750 MW of storage within 10 years. Along with switching most coal power-plant generation to natural gas, this plan will cost some $9bn.
Wind lease areas in Gulf of Mexico designated, could host 8.5 GW
The US Bureau of Ocean Energy Management has designated two offshore Wind Energy Areas in the Gulf of Mexico for development. The areas could be home to 8.5 GW of installed capacity.
British PM Rishi Sunak addresses COP27, touts renewable energy
As he headed to the COP27 summit in Egypt, the UK’s new prime minister, Rishi Sunak, declared that he wants to make the UK a “clean energy superpower.”
Renowned former petrochemicals CEO Konov sells stake in Sibur
Dmitry Konov, former CEO of petrochemicals major Sibur, says he no longer owns a 2.59% stake in the company. He stepped down as head of the company in March 2022 after the EU introduced sanctions against him, which he is appealing.
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