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April 30 (offshoreWIND.biz) The State of Massachusetts has activated long-term contracts for the Vineyard Wind 1 offshore wind farm, securing fixed electricity pricing for 20 years and projected customer savings of USD 1.4 billion (around EUR 1.2 billion) over that period, according to the state government. The contracts, announced on 27 April by the Healey-Driscoll... Continue Reading →
April 30 (oilnow.gy) Staatsolie will host an in-person roadshow in Houston on May 26, 2026, to present Suriname’s Open-Door Offering to oil and gas companies. The event will run from 9 a.m. to noon CDT at The Post Oak Hotel at Uptown, 1600 W Loop S, Houston, Texas. Staatsolie said in an April 28 LinkedIn... Continue Reading →
April 29 (OE) Italy’s Eni has signed an agreement with Venezuela’s Ministry of Hydrocarbons and state oil company PDVSA to relaunch oil activities at the Junin-5 project in the Orinoco Belt. The agreement was signed following a meeting in Caracas between Eni Chief Executive Claudio Descalzi and Acting President Delcy Rodriguez. Junin-5 is a heavy... Continue Reading →
April 28 (Reuters) - The United Arab Emirates said on Tuesday it was quitting oil-producers' group OPEC, as an unprecedented energy crisis triggered by the Iran war exposes discord among Gulf nations. The loss of the UAE, a longstanding OPEC member, could create disarray and weaken the group, which has usually sought to show a united front... Continue Reading →
April 27 (Reuters) - President Donald Trump's administration said on Monday that it had reached a deal to end two more U.S. offshore wind leases in exchange for $885 million in pledged investments in domestic fossil fuels. The projects, one in the Atlantic and one in the Pacific, are managed by Ocean Winds, a joint... Continue Reading →
April 27, 2026 – Petróleo Brasileiro S.A. – Petrobras announces that it has entered into an agreement to acquire 100% of a portion of the ring-fence of the Argonauta Field (BC-10 Concession) in the Campos Basin, currently held by Shell (Shell Brasil Petróleo Ltda.), ONGC (ONGC Campos Ltda.), and Brava (Enauta Petróleo e Gás Ltda.).The... Continue Reading →
April 27 (oilprice.com) A shock oil price spike, after U.S. airstrikes on Iran, which sees Brent trading at over $100 per barrel, is giving hope of a recovery for Colombia’s beleaguered oil patch. Hydrocarbon production in the conflict-riven country is at multi-year lows, with adverse regulatory and tax reforms impacting investment in the economically critical sector. Nonetheless, higher oil... Continue Reading →
April 24 (Reuters) - Brazilian researchers at the Maua Institute of Technology will begin tests to investigate the viability of raising the blend of biodiesel in diesel to 20% in May, Renato Romio, manager of the institute's vehicles division, said on Thursday. Brazil is a powerhouse producer of biofuels from raw materials soy and sugarcane,... Continue Reading →
April 23 (Reuters) - Colombia's state oil firm Ecopetrol has agreed to buy a stake of around 26% in Brazilian energy firm Brava, in a deal that could result in the Colombian company taking a majority control of the Brazilian firm, they said on Thursday. The Colombian state firm expects to launch a public tender... Continue Reading →
April 23, 2026 – Petróleo Brasileiro S.A. - Petrobras, following up on the announcement of April 20, 2026, informs that it has sent a notification to Novonor S.A. – Em Recuperação Judicial (“Novonor”), formally stating its decision not to exercise the Preemptive and Tag Along Rights provided for in the current Braskem S.A. (“Braskem”) Shareholders’ Agreement.... Continue Reading →
