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May 7 (Reuters) - Argentina's state oil firm YPF swung to a net profit of $409 million in the first three months of 2026, reversing a net $10 million loss from a year ago, the firm said on Thursday, citing higher oil prices and more shale output. The state-run producer's revenues reached $4.95 billion during... Continue Reading →
May 7 (Reuters) - A series of well-timed market bets on falling oil prices totalling as much as $7 billion during March and April spread across multiple exchanges and types of fuel and derivatives just before major Iranian policy announcements by U.S. President Donald Trump, according to traders, market experts and Reuters analysis of exchange... Continue Reading →
May 7 (Reuters) - Shell's first-quarter profit beat estimates and hit its highest in two years at $6.9 billion on Thursday, boosted by gains linked to the Middle East war, prompting it to raise the dividend by 5%. At the same time, it cut its quarterly share buyback programme to $3 billion from $3.5 billion to preserve... Continue Reading →
Rio de Janeiro, May 6, 2026 – Brava Energia ("Brava" or "Company") (B3: BRAV3) herein presents its results for the first quarter of 2026 ("1Q26"): 1Q26 HIGHLIGHTS AND SUBSEQUENT EVENTSEvolving across all business fronts Operational highlights: Strong production performance and efficiency - Average quarterly production of 76.0 kboe/d in 1Q26, +7% Y/Y. - Resumption of production at... Continue Reading →
May 6 (Reuters) - Danish wind turbine maker Vestas reported an unexpectedly large first-quarter profit rise on Wednesday as it ramped up production for the offshore sector, but warned of geopolitical and tariff-related risks. "Last year in Q1 we hadn't put a single one of our new offshore turbines up," Vestas Chief Financial Officer Jakob Wegge... Continue Reading →
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 →
Brazil Energy Insight 