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May 6 (OE) Europe's offshore wind expansion is running into a structural supply constraint where the turbine market is becoming increasingly concentrated. GE Vernova, Siemens Gamesa and Vestas have historically anchored Western offshore turbine supply, but with GE Vernova having paused new offshore wind orders following a series of technical and operational setbacks, Siemens Gamesa... Continue Reading →
May 6 (Reuters) - Equinor missed quarterly cash-flow forecasts on Wednesday, hitting its shares even as the Norwegian oil major posted its strongest profit in three years on record output and Iran war-driven price gains. Shares in the majority state-owned group were down 7.6% at 0911 GMT, underperforming a 2% drop in European energy stocks, though... Continue Reading →
May 6 (offshoreWIND.biz) China Three Gorges (CTG) Corporation has completed the installation of a 16 MW floating offshore wind turbine, described as the world’s largest single-unit floating wind turbine platform, off Yangjiang, Guangdong. The Sanxia Linghang (Three Gorges Pilot) platform was installed on 2 May in waters located more than 70 kilometres offshore at depths... Continue Reading →
May 6 (Reuters) Danish offshore wind developer Orsted on Wednesday reported a first-quarter core profit above forecasts, driven by an increase in power output and kept its full-year outlook for the year. Orsted in recent years struggled with soaring costs from supply chain disruption and inflation and last year said it would focus more on... Continue Reading →
May 5 (offshoreWIND.biz) Ocean Winds (OW), the international offshore wind energy company created by EDP Renewables and ENGIE, has started electricity production at its 30 MW Éoliennes Flottantes du Golfe du Lion (EFGL) floating offshore wind farm. With first power now delivered to the French grid, the project is already supplying renewable energy to homes... Continue Reading →
May 4 - Brazil broke a record for oil and natural gas production in March, with 5.531 million barrels of oil equivalent per day (boe/d). The data was released May 4th by the ANP in its Monthly Oil and Natural Gas Production Bulletin. The previous record was in February 2026. Regarding oil, 4.247 million barrels... Continue Reading →
May 4 (Reuters) - When potential providers and financiers for Venezuela's electric industry, including Siemens Energy and GE Vernova, held meetings with officials in Caracas in April, questions of how they might get paid to shore up the country's deteriorated grid were top of mind, two sources involved in the talks said. Those executives came away... Continue Reading →
May 4 (Reuters) President Donald Trump's administration has brought U.S. onshore wind development to a halt, citing national security concerns, the Financial Times reported on Sunday. Approvals for about 165 onshore wind projects on private lands are being held up by the Pentagon, FT said, citing the American Clean Power Association and people close to the matter. The affected... Continue Reading →
April 30 (Reuters) - Brazil will announce an increase in the mandatory ethanol mix in gasoline to 32% from 30% in the coming days, President Luiz Inacio Lula da Silva said on Thursday, also noting that the biodiesel blend is set to be raised to 16% from 15%. The Energy and Mines Ministry had previously... Continue Reading →
May 1 (Reuters) - Chevron exceeded Wall Street estimates for its first-quarter earnings on Friday, as elevated oil prices linked to the U.S.-Israeli war on Iran helped boost results from its upstream business. The company reported adjusted earnings of $1.41 per share, well above the consensus estimate of 95 cents, according to data compiled by LSEG.... Continue Reading →
Brazil Energy Insight 