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April 8 (Reuters) - Higher oil and gas prices due to the U.S.-Israeli war on Iran could boost Exxon Mobil's first-quarter upstream earnings by up to $2.9 billion, outweighing the impact of disruptions to some of its oil and gas production in the Middle East, the U.S. oil producer said on Wednesday. Downstream earnings, however, could see a... Continue Reading →
April 7 (Reuters) - House Democrats questioned the legality of the Trump administration's deal to return nearly $1 billion to TotalEnergies to stop the development of two U.S. offshore wind farms, according to letters sent to administration officials and the French energy company. U.S. Representatives Jared Huffman and Jamie Raskin, both Democrats, sent a letter on... Continue Reading →
April 6 (oilnow.gy) Grenada is preparing to invite bids for offshore exploration licenses by the fourth quarter of 2026, as it positions itself for entry into the upstream hydrocarbons sector. “Grenada is open for business and working toward awarding licenses in fourth quarter of 2026, inviting interested parties to submit bids for exploration licenses,” said... Continue Reading →
April 6 (oilprice.com) Oil price shocks since the U.S. and Israel first struck Iran, the world’s fifth-largest oil producer, have global markets on edge. The sudden energy crisis, which emerged after Iran closed the Strait of Hormuz, preventing the passage of around a fifth of the world’s oil supply, emphasizes the importance of petroleum production in... Continue Reading →
April 6 (TN) A study analyzing data from thousands of Brazilian municipalities identified regions with the greatest potential for the production and use of green hydrogen – a fuel considered strategic for the decarbonization of emission-intensive industrial sectors. The research shows that the country has favorable conditions for developing this new energy chain, but also... Continue Reading →
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 1 (Reuters) - Shell is in advanced talks with Venezuela's government to develop four large areas near Trinidad and Tobago, in two of the South American country's largest offshore natural gas fields, two people familiar with the discussions said. The London-based energy major has been trying for years to advance the 4.2-trillion-cubic-feet Dragon gas field... Continue Reading →
April 1 (MME) The National Energy Policy Council (CNPE) approved, this Wednesday (April 1st), the resolution establishing the Guidelines for regulating Law No. 15,097/2025, on Offshore Wind Energy. The approval complies with the legal framework sanctioned in January 2025 and the deadlines established for the activities of the Offshore Wind Energy Working Group (GT-EO), instituted... Continue Reading →
March 31 (Reuters) - Renewable power made up almost 50% of the world’s electricity capacity last year after a record increase in solar installations, data from the International Renewable Energy Agency shared exclusively with Reuters showed on Tuesday. As the Middle Eastern conflict has led to record monthly gains on oil markets, some in industry have lobbied... Continue Reading →
March 31 (Reuters) - Brazil's renewable energy sector is facing severe headwinds, with major power generators scaling back operations and cutting jobs due to generation restrictions that the national grid operator imposed on wind and solar plants in 2023, companies told Reuters. Atlas Renewable Energy, owned by Global Infrastructure Partners (GIP) under BlackRock, Newave Energia,... Continue Reading →
Brazil Energy Insight 