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Feb. 28 - According to the Wall Street Journal (WSJ), major energy lobbying groups, including the American Petroleum Institute (API), recently urged the Trump administration to halt its offensive against offshore wind. Since taking office, Trump has maintained a hard line on offshore wind and halted major projects from Massachusetts to Virginia. In a meeting... Continue Reading →
Feb 27 (Reuters) - The Trump administration has appointed a hard-right critic of Brazil's current government to a position shaping U.S. policy toward the South American nation, a move that suggests relations between the Western Hemisphere's two largest democracies remain delicate despite a recent rapprochement. Darren Beattie, who is also the acting assistant secretary of... Continue Reading →
Feb 27 (Reuters) - Mexican state energy company Pemex narrowed losses sharply in the fourth quarter, booking a net loss of 155.23 million pesos ($8.62 million), a filing to the Mexican stock exchange showed on Friday. Over the same quarter a year earlier, it booked a net loss of 350.46 billion pesos, the filing showed.... Continue Reading →
Feb. 27 ( maritime-executive.com) Three of the five offshore wind projects under construction in the northeast U.S. have each signaled this week strong progress. It comes after each project received preliminary injunctions against the U.S. Department of the Interior and the Bureau of Ocean Energy Management, which had imposed stop-work orders in late December. Speaking... Continue Reading →
Feb. 27 (Reuters) Venezuela's oil ministry has suspended 19 oil production-sharing contracts with private companies signed under the administration of President Nicolas Maduro, four sources with knowledge of the move told Reuters on Thursday. The suspension has had no impact on the country's oil and gas output so far, the sources said. State oil giant... Continue Reading →
Feb. 27 (OE) Dutch geological data specialist Fugro has announced its chief financial officer (CFO) Barbara Geelen will step down from the position. Geelen will step down from the Board of Management of Fugro per the close of the upcoming AGM, to be held on 23 April 2026. She will continue to contribute to Fugro... Continue Reading →
Feb. 27 (oilprice.com) The U.S. Department of Justice is siding with Argentina in a legal case of $18 billion relating to the 2012 nationalization of Argentinian oil company YPF. In 2012, the Argentine government took control of the country’s largest oil and gas company, YPF S.A. The legal fight stems from Argentina’s 2012 expropriation of YPF shares... Continue Reading →
Singapore, 27 February 2026 – Seatrium Limited (“Seatrium” or the “Group”) is pleased to announcethe successful delivery of the next-generation Wind Turbine Installation Vessel (“WTIV”), which washanded over to its customer, Maersk Offshore Wind (“MOW”), on 26 February 2026. This milestonefollows the successful completion of sea trial activities and final readiness evaluations at the Group’sflagship... Continue Reading →
Feb. 27 (oilprice.com) South America is set to maintain its position as the most significant region for floating production, storage, and offloading (FPSO) vessels, with 36 projects awarded or expected to be awarded between 2021 and 2030, totaling field greenfield commitments worth around $181 billion. Among these 36 projects, 25 have disclosed FPSO costs ranging... Continue Reading →
Feb. 27 (Reuters) Dutch geological data specialist Fugro on Friday reported a 21 million euro ($25 million) annual loss reflecting challenges in the offshore wind industry and said its finance chief would step down in April. The Amsterdam-listed firm's consolidated revenue came in at 1.85 billion euros, 427 million euros less than in 2024, of... Continue Reading →
Brazil Energy Insight 