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Jan. 16 (Reuters) Abu Dhabi state oil firm ADNOC is weighing entering Venezuela's energy industry and could seek a partnership with another international producer to participate in the nation's gas projects, Bloomberg News reported on Thursday, citing people familiar with the matter. Reuters could not immediately verify the report. XRG, ADNOC's international investments arm set... Continue Reading →
Jan 15 (Reuters) - Vineyard Wind, a nearly completed offshore wind project off the coast of Massachusetts, asked a federal court on Thursday to block the Trump administration's suspension of the industry in federal waters. The filing came the same day a federal judge in Washington dealt the administration a legal setback by allowing construction to proceed on an... Continue Reading →
Jan 15 (Reuters) - A federal judge on Thursday cleared Norwegian offshore wind developer Equinor to resume work on its New York Empire Wind project, which President Donald Trump's administration halted along with four other projects last month. The ruling by U.S. District Judge Carl Nichols in Washington is the second legal setback for Trump's offshore wind pause... Continue Reading →
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 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 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 9 (Reuters) - Exxon Mobil CEO Darren Woods said on Friday the U.S. oil major is ready to evaluate a potential return to Venezuela in what would be a stunning development after its assets in the South American country were nationalized nearly 20 years ago. Woods, however, said Venezuela was currently "uninvestable" and significant legal... Continue Reading →
Jan 6 (Reuters) - Caracas and Washington have reached a deal to export up to $2 billion worth of Venezuelan crude to the United States, U.S. President Donald Trump said on Tuesday, a flagship negotiation that would divert supplies from China while helping Venezuela avoid deeper oil production cuts. The agreement is a strong sign that the Venezuelan government... 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 