Brought to you by Quest Offshore & Southern Cone Consultants
Jan. 15 (Reuters) A U.S. judge will rule on Thursday on whether to allow Norwegian offshore wind developer Equinor to resume construction of the Empire Wind project off the coast of New York in a lawsuit over the Trump administration's suspension of the industry. U.S. District Judge Carl Nichols in Washington had declined to issue... Continue Reading →
Jan. 13 (oilprice.com) Last year, upstream oil investment was projected to have declined 2.5% Y/Y to $420 billion after low oil prices put pressure on producers and slowed expansion plans. Companies across the industry continued to prioritize profitability, free cash flow, and debt reduction over aggressive production growth, a trend reinforced by macro uncertainty. The decline was... Continue Reading →
Jan 12 (Reuters) - A federal judge on Monday cleared Danish offshore wind developer Orsted to resume work on its nearly finished Revolution Wind project, which U.S. President Donald Trump's administration halted along with four other projects last month. The ruling by U.S. District Judge Royce Lamberth is a legal setback for Trump, who has spent... Continue Reading →
Jan 12 - Rio de Janeiro has taken a decisive step towards energy transition by approving a public policy specifically aimed at developing offshore wind energy. The new legislation establishes guidelines for the orderly use of maritime space and creates a favorable environment for attracting investments, generating skilled jobs, and strengthening the maritime economy. Regulatory... Continue Reading →
Jan. 12 (OE) Navitas Petroleum has signed a non-binding agreement to farm into an offshore exploration license in the North Falklands Basin adjacent to its recently sanctioned Sea Lion oil development, as the operator advances plans to expand its footprint in the region. Eco (Atlantic) Oil & Gas said Navitas has entered into a non-binding... Continue Reading →
Jan. 12 (Reuters) U.S. oil producers already reeling from low oil prices are facing renewed pressures, as President Donald Trump pushes them to boost output in Venezuela - a move that would weaken the oil market, cut revenues and hurt industry at home. Trump has enacted policies that he says would unleash American energy and... Continue Reading →
Jan 9 (Reuters) - New York's attorney general sued the Trump administration on Friday for suspending construction on two major offshore wind projects that the state says it needs to power 1 million homes and reduce its reliance on fossil fuels. In a pair of lawsuits, New York Attorney General Letitia James is asking a... Continue Reading →
Jan. 8 (OE) Norwegian offshore vessel owner Solstad Offshore has extended the previously agree four-year contract with Petrobras for its anchor handling tug supply (AHTS) vessel Normand Turquesa. The current Normand Turquesa contract with Petrobras has been extended by one year, and the start of the previously announced four-year contract has been amended from the... Continue Reading →
Jan. 7 (OE) Artificial intelligence (AI) contributed savings and value creation of about $130 million for Equinor and its partners in 2025, as the Norwegian firm expanded the use of AI across offshore platforms and onshore facilities. The company uses artificial intelligence to support industrial operations at scale, improving safety, efficiency and profitability, as it... Continue Reading →
Jan 7 (Reuters) - Denmark's Orsted said on Wednesday its unit Sunrise Wind will challenge the U.S. government's decision last month to suspend its offshore wind project lease and will seek a court injunction. The Trump administration suspended leases on December 22 for five large offshore wind projects that are under construction off the U.S. East Coast over... Continue Reading →
Brazil Energy Insight 