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Feb 5 (Reuters) - Argentina could surpass last year's record energy trade surplus in 2026, supported by infrastructure that has improved the country's capacity to ship oil and gas from the Vaca Muerta shale formation, analysts said. The 2026 energy trade surplus could range from $8.5 billion to $10 billion, and would depend mainly on... Continue Reading →
Feb 5 (Reuters) - Wind turbine maker Vestas reported quarterly profit that fell slightly short of expectations on Thursday, driving its shares down as much as 6% even as the firm's CEO expressed confidence in future growth due to surging electricity demand. Vestas' operating profit before special items in the fourth quarter fell to 580 million... Continue Reading →
Feb 5 (Reuters) - Shell missed fourth-quarter profit expectations on Thursday with an 11% drop to the lowest level since early 2021 amid weaker oil prices, but kept its bumper share buyback programme. Shareholders of oil majors have become used to huge buybacks, but lower oil and gas prices ahead of an expected crude and liquefied... Continue Reading →
Feb. 4 - SBM Offshore and ExxonMobil Guyana Ltd, an affiliate of Exxon Mobil Corporation, have completed the transaction related to the purchase of FPSO ONE GUYANA, ahead of the maximum lease term which would have expired in August 2027. The purchase allows ExxonMobil Guyana to assume ownership of the unit while SBM Offshore will continue to... Continue Reading →
Feb 4 (Reuters) - Chevron and TotalEnergies are among the oil majors snapping up offshore blocks in West and Southern Africa as compelling geology, regulatory reforms, and the need to restock spur a hunt for the next Brazil. Companies are restocking their oil and gas assets given prospects for fossil fuel demand to stay higher for longer than predicted just a... Continue Reading →
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. 4 (PN) The Valaris DS-17 drillship has arrived in Rio de Janeiro to begin executing a new contract with Equinor in Brazil. The unit was contracted in 2024 for the exploration program of the Raia field in the Campos Basin. A total of six wells will be drilled. The agreement was signed after the... Continue Reading →
Feb. 3 (offshoreWIND.biz) All five US offshore wind farms under construction that received stop-work orders from the US government have been cleared to continue building, with Ørsted’s Sunrise Wind project the fifth project to be granted a preliminary injunction as part of a lawsuit challenging the order issued by the Director of the Department of... 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 (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 →
Brazil Energy Insight 