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June 17 (offshreWIND.biz) The Trump Administration has withdrawn its appeal of a federal court ruling that vacated the section of its January 2025 Presidential Wind Memorandum that halted federal leasing and permitting activities for onshore and offshore wind projects, leaving the court’s decision in place and the wind permitting and leasing freeze overturned. The US... Continue Reading →
June 17 (Reuters) - Portugal's government on Wednesday launched a process to assign over 1,000 areas for wind and solar projects around existing grid connections, which can be fast-tracked thanks to their low potential for environmental conflicts. By doing so, the government aims to attract more investment in the country that is already one of... Continue Reading →
June 12 (Reuters) - Brazilian refineries sold over 100 million liters of naphtha to a firm investigated in an alleged fraud scheme involving a criminal gang designated by the U.S. as a terrorist organization, according to a person close to the matter and documents seen by Reuters. One major supplier was Riograndense, a refinery in... Continue Reading →
June 11 (Reuters) - France's energy ministry said it would open on Friday a long-awaited call for tenders to develop 10 gigawatts of offshore wind projects, mostly located on the country's west coast. Offshore wind projects have faced challenges globally as rising costs and mounting political opposition in some countries, such as from the Trump... Continue Reading →
June 11 (Reuters) - Venezuela signed five agreements with British oil major Shell on Thursday to advance oil and gas projects, including the company's participation in the coveted 7-trillion-cubic-feet Loran offshore gas field, the government said. The country had signed preliminary agreements for these and other projects earlier this year with Shell, one of the few... Continue Reading →
June 8 (oilnow.gy) Going back to Venezuela might be a stretch for big oil with other more attractive places nearby like Guyana. That was the assessment from Texas-based energy attorney Ted Borrego in an S&P Global article published May 20, as analysts weighed whether Venezuela’s planned debt restructuring could eventually reopen the door to major... Continue Reading →
June 8 - Petrobras has filed a lawsuit in the United States against Murphy Oil Corp., its partner in operations in the Gulf of Mexico. In a lawsuit filed in a Texas court, the Brazilian state-owned company alleges that it has identified more than US$5 million in expenses improperly charged by the American company. Petrobras... Continue Reading →
June 5 (Reuters) - The U.S. designation of Brazil's biggest criminal groups as Foreign Terrorist Organizations (FTOs) starting Friday is likely to increase the risks and costs of doing business in a country where gangs have had years to penetrate the formal economy. The two biggest Brazilian crime syndicates, the Comando Vermelho (CV) and Primeiro... Continue Reading →
June 3 (Reuters) - Global investors remain wary of signing deals in Venezuela, even after the interim government enacted business-friendly reforms backed by U.S. President Donald Trump, a dozen sources with knowledge of private sector investment deliberations told Reuters. The South American country's efforts to lure foreign investment in sectors as diverse as oil, shipping,... Continue Reading →
June 2 (Reuters) - Seven U.S. states led by New York sued the Trump administration and a French energy firm on Tuesday for canceling a major offshore wind lease off the coast of New York in exchange for a pledge by the company to invest instead in fossil fuel projects. The lawsuit in the Washington,... Continue Reading →
Brazil Energy Insight 