Sept. 5 (offshoreWIND.biz) In a matter of months, the US offshore wind industry went from a growing investor and employer to an industry that is now undergoing what Oceantic Network called a “targeted attack” after reports emerged that the US Department of the Interior (DOI) plans to revoke federal permits for two more projects. The Trump administration has reportedly also asked... Continue Reading →
Orsted Trims Profit Outlook Ahead of $9.4B Rights Issue Vote
Sept. 5 (Reuters) Danish wind farm developer Orsted cut its operating profit outlook for 2025 on Friday, shortly before shareholders were set to vote on a crucial capital raise as the company battles U.S. President Donald Trump's opposition to wind power. Once celebrated as a trailblazer in offshore wind, Orsted now finds itself in dire... Continue Reading →
30 MW French Floating Offshore Wind Pilot Project Stands Complete
Sept. 5 (offshoreWIND.biz) Ocean Winds has completed the installation of the third and final turbine at the 30 MW Éoliennes Flottantes du Golfe du Lion (EFGL) project in France. Developed by Ocean Winds and Banque des Territoires, EFGL is now the first floating offshore wind farm in the Occitanie region to complete its offshore turbine... Continue Reading →
MODEC’s New Floating Wind Platform Design Gets ABS Approval in Principle
Sept. 5 (offshoreWIND.biz) Japanese floating wind technology developer MODEC has received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for its iTLP2-FOWT concept, a new generation of the company’s tension leg platform (TLP) type floating offshore wind foundation. In 2020, MODEC obtained AiP for the first iteration of its TLP floating wind... Continue Reading →
US plans to revoke approval of another Massachusetts offshore wind farm
Sept 3 (Reuters) - President Donald Trump's administration plans to revoke federal approval of Avangrid's planned New England Wind project off the coast of Massachusetts, according to a court filing on Wednesday. The legal maneuver is the latest move by U.S. authorities to stymie development of offshore wind energy, which Trump has called ugly, expensive, and unreliable.... Continue Reading →
BP-Eni Joint Venture to Inject $5B in Angola Over Next Five Years
Sept. 4 (Reuters) Azule Energy, the joint venture between Italian oil and gas explorer Eni and BP, expects to invest another $5 billion in Angola over the next four to five years, Eni's Chief Operating Officer Guido Brusco told Reuters on Wednesday. The latest investment in both new and existing projects will match investments in... Continue Reading →
China Demand Shields Petrobras From U.S. Tariff Fallout
Sept. 3 (oilprice.com) Strong demand for crude oil from Asian countries, especially China, has insulated Brazil’s Petrobras from the worst of the tariff war fallout, chief executive Magda Chambriard told Bloomberg in an interview. “There is a lot of demand in Asia for our products,” Chambriard told the publication at an industry event in Sao Paulo, adding... Continue Reading →
Principle Power’s WindFloat® Projects Reach Key Milestone with 1 TWh Energy Delivered to the Grid
Emeryville, CA, September 3, 2025 – Principle Power announces that floating offshore wind projects using the WindFloat® technology have produced more than 1 terawatt-hour (TWh) energy since WindFloat 1 was connected to the grid in 2011. This milestone demonstrates the maturity of the WindFloat® designs, and the readiness of the company’s 4th generation designs for... Continue Reading →
Mexico’s Pemex Signs Up Private Firms to Bolster Oil Output
Sept. 3 (Reuters) Mexican state oil company Pemex signed its first mixed contracts with private sector partners in a bid to reverse declining hydrocarbon production, according to President Claudia Sheinbaum's government report delivered to Congress. The 11 deals, signed under a new contractual framework stemming from the latest energy sector reform, mark the initial phase... Continue Reading →
Brazil asks to become member country of International Energy Agency
Sept 2 (Reuters) - Brazil has made a formal request to become a member country of the International Energy Agency (IEA), said the IEA on Tuesday, in a move which would reinforce Brazil's importance in global energy markets. The IEA said it had a received a letter at its Paris headquarters from Brazilian government ministers,... Continue Reading →