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Feb 4 (Reuters) - Finnish engineering group Wartsila missed fourth-quarter orders forecasts on Wednesday, dragged down by U.S. battery tariffs and tougher competition in its energy storage business. The company's shares fell around 3%, even though CEO Hakan Agnevall pointed to "ample opportunities" supplying engine-based power generation to new data centres - a fast-growing business as... Continue Reading →
Feb 2 (Reuters) - A U.S. judge on Monday will consider a request from Danish energy company Orsted to block the Trump administration's halt on its Sunrise Wind project off the coast of New York. The preliminary injunction request is the fifth brought by an offshore wind developer since the Interior Department's December 22 pause on five offshore wind leases... Continue Reading →
Feb. 2 (ANP) In 2025, the average Brazilian annual production of oil and natural gas reached a historic mark of 4.897 million barrels of oil equivalent per day (boe/d), approximately 12.7% higher than the previous record, achieved in 2023, which was 4.344 million barrels of oil equivalent/day. Compared to 2024, which totaled 4.322 million boe/d,... Continue Reading →
Feb. 2 (oilnow.gy) Guyana has allocated GY$10.7 billion in its 2026 budget to advance three clean energy initiatives: the Gas-to-Energy project, further gas-based power development, and the resuscitation of the Amaila Falls Hydropower Project. The allocation was outlined by Minister of Finance, Dr. Ashni Singh, during the presentation of Budget 2026 this week. Dr. Singh said the... Continue Reading →
Feb 2 (Reuters) - Norway's Equinor said on Monday it has agreed to sell its onshore business in Argentina's Vaca Muerta basin to Vista Energy for $1.1 billion, half paid in cash and the other half in the form of Vista shares and future payments linked to output and oil prices. "The consideration includes contingent... Continue Reading →
Jan 30 (Reuters) - A U.S. federal court on Friday ruled the Department of Energy violated the law when it formed a climate science advisory group, potentially putting its forthcoming final proposal to repeal a key climate regulation at risk. The U.S. District Court for the District of Massachusetts issued a judgment that said the... Continue Reading →
Jan 30 (Reuters) - U.S. oil majors Exxon Mobil and Chevron offered investors a few pieces of new insight into their thinking about Venezuela on Friday, even though neither company announced long-term investment commitments despite President Donald Trump's continued push to convince American oil firms to rebuild the South American country's energy sector. Exxon CEO Darren Woods plugged... Continue Reading →
Jan. 30 (offhoreWind.biz) The US government’s offshore wind construction pause left a dent in GE Vernova’s numbers for the fourth quarter of 2025, which might get deeper if wind turbine works at the Vineyard Wind 1 site offshore Massachusetts are not completed according to the project’s current schedule. The US wind turbine manufacturer said on... Continue Reading →
The first wind turbine is now in place at the Coastal Virginia Offshore Wind (CVOW) site in the US. Jan. 30 ()offshoreWIND.biz) The 2.6 GW offshore wind farm, owned by Dominion Energy, will comprise 176 Siemens Gamesa 14 MW wind turbines and will be able to generate enough electricity to power over 900,000 homes once... Continue Reading →
Jan. 30 (OE) MODEC has signed a statement of strategic intent with Eld Energy and Delta Electronics to collaborate on the development of a solid oxide fuel cell power generation system for offshore and maritime applications, including floating production, storage and offloading (FPSO) units. The agreement, signed on January 29, 2026, sets out plans to... Continue Reading →
Brazil Energy Insight 