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April 20 (Reuters) A Massachusetts judge on Friday blocked GE Vernova from abandoning work on the largest offshore wind farm in New England after developer Vineyard Wind refused to pay over $300 million the turbine supplier says it is owed for the $4.5 billion project. Suffolk County Superior Court Judge Peter Krupp in Boston issued... Continue Reading →
Rio de Janeiro, April 20, 2026 – Petróleo Brasileiro S.A. - Petrobras, following up on the announcements of December 15, 2025, and February 12, 2026, informs that it has been notified by Novonor S.A. – Em Recuperação Judicial (“Novonor”), by NSP Investimentos S.A. (“NSP Inv.”), a subsidiary of Novonor, and by “Shine I Fundo de... Continue Reading →
April 16 (Reuters) - Washington's top derivatives regulator is due on Thursday to reassure lawmakers that the United States will punish fraud as concern mounts on Capitol Hill that oil, stock and prediction market players are illicitly trading on inside information from the White House, according to prepared remarks seen by Reuters. The first congressional testimony by the current chair of... Continue Reading →
April 14 (Reuters) - Venezuela's interim President Delcy Rodriguez on Tuesday called again for U.S. sanctions on the South American country to be removed and said the licenses Washington has been issuing to authorize transactions in the industry do not provide long-term legal security. Rodriguez, who met U.S. Assistant Secretary of Energy Kyle Haustveit on... Continue Reading →
April 10 (Reuters) - Vineyard Wind has filed a lawsuit seeking to block a wind turbine-supplying unit of GE Vernova from terminating agreements and abandoning work on a $4.5 billion offshore wind farm in Massachusetts on the eve of completion. Vineyard Wind, a joint venture between Spain's Iberdrola and Denmark's Copenhagen Infrastructure Partners, filed a lawsuit this week in... Continue Reading →
April 10 (Reuters) ConocoPhillips said on Thursday it is sending a small evaluation team to Venezuela this week to evaluate oil and gas opportunities. The U.S. oil producer left the South American country in 2007 after its assets there were nationalized. The company is owed about $12 billion with interest following arbitration awards stemming from... Continue Reading →
April 9 (Reuters) A Brazilian federal court has issued an injunction exempting TotalEnergies, Repsol Sinopec, Galp's Petrogal, Shell and Equinor from a tax on crude oil exports, a court document seen by Reuters shows. The Tuesday decision says a 12% tax enacted about a month ago as oil prices spiked due to the U.S.-Israeli war... 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 2 (Reuters) - Rising petrochemical prices have buoyed the long-term prospects for Brazil's Braskem, even as the company is racing against the clock to deal with looming interest payments on its debt. The petrochemical producer, with operations in Brazil, the U.S., and Mexico, is considering whether to seek an injunction to avoid a painful... Continue Reading →
Brazil Energy Insight 