Westwood Insight – How Mainland China is reshaping the offshore wind foundation market

April 14 (westwoodenergy.com) Chinese manufacturers have been quietly but rapidly gaining ground in the global offshore wind turbine foundation market. In 2025, 26% of all turbine foundations installed globally (excluding Mainland China) were supplied by Chinese manufacturers, up from virtually zero in 2020. This shift marks a major reconfiguration in the global supply chain, creating much-needed supply... Continue Reading →

April 14, 2026 0

China’s Purchases Boost Brazilian Oil Exports to Second Highest Level in History

April 9 (Reuters) China imported a record volume of oil from Brazil in March, boosting Brazilian exports of the commodity to the second highest level in the historical series, amid a reorganization of global energy flows following disruptions in the Middle East. The Asian country bought 1.6 million barrels per day (bpd) of Brazilian oil... Continue Reading →

April 9, 2026 0

France Sets Forth 10GW Offshore Wind Tender in Larger Renewables Push

April 6 (Reuters) France announced tenders for seven offshore wind projects totalling 10 gigawatts on Thursday as well as smaller solar and onshore wind tenders, adding the country will favour homegrown technologies in its bid to achieve energy sovereignty. The tenders are two years late due to political gridlock over financing renewables as France struggles... Continue Reading →

April 6, 2026 0

China unveils plan to decarbonise economy but stops short of quitting coal

March 5 (Reuters) - China on Thursday released a new ‌economic decarbonisation plan that seeks to put its carbon intensity reduction programme back on track, mainly by relying on its booming renewable sector to limit coal consumption and rein in emissions. China's new five-year plan, released on Thursday, called for it to reduce its carbon... Continue Reading →

March 5, 2026 0

Angola’s state oil firm Sonangol seeks $4.8 billion loan from China for refinery

Feb 25 (Reuters) - Angola's state oil company Sonangol is talking to Chinese financial institutions to secure a $4.8 billion loan to partly finance the construction of a new refinery in the Atlantic sea port of Lobito, it said on Wednesday. The financing, if completed, will mark the first borrowing by the Southern African oil... Continue Reading →

February 25, 2026 0

MODEC cuts first steel on Hammerhead FPSO project ahead of schedule

Feb. 11 (oilnow.gy) MODEC has completed the first steel cutting for the Hammerhead floating production, storage and offloading (FPSO) vessel more than a month ahead of schedule. MODEC made the announcement today via LinkedIn. The steel cut ceremony marked the start of fabrication at BOMESC Offshore Engineering Company Limited in Tianjin, China. The FPSO is being... Continue Reading →

February 11, 2026 0

Petrobras platform P-79 arrives at the Búzios field

Feb. 10 - Petrobras's P-79 platform, an FPSO-type unit, arrived at the Santos Basin pre-salt this weekend, according to the planned schedule. The unit was towed to its location with the crew on board, a successful strategy already used with P-78 to reduce the time to start production. "Embarking the crew during the voyage to the location allows... Continue Reading →

February 10, 2026 0

Brazil power firms retreat from trading as risks rise

Feb 6 (Reuters) - Some Brazilian power companies are pulling back from energy trading amid rising credit risks, greater price volatility, shrinking sales from generators and reduced liquidity in the market, company executives and sources said. CPFL and CTG Brasil, two major generators controlled by Chinese groups, are among the firms that have quit "directional trading,"... Continue Reading →

February 7, 2026 1

US control of Venezuela oil risks debt restructuring showdown with China

Jan 23 (Reuters) - U.S. control of Venezuela's oil exports has ensnared barrels that had been servicing debt to China, lining up another potential showdown between the two superpowers that could further complicate the South American country's path out of default. Around a tenth of Venezuela's $150 billion foreign debt pile is estimated to be loans from... Continue Reading →

January 24, 2026 0

Xi assures Brazil’s Lula of China’s support in ‘turbulent’ times

Jan 23 (Reuters) - Chinese leader Xi Jinping assured his Brazilian counterpart on Friday that China would stand by Latin America's biggest economy and the Global South, and called for both nations to maintain the role of the United Nations, state news agency Xinhua said. Xi's comments in a telephone call with President Luiz Inacio... Continue Reading →

January 23, 2026 0

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