Brought to you by Quest Offshore & Southern Cone Consultants
Feb. 3 (offshoreWIND.biz) All five US offshore wind farms under construction that received stop-work orders from the US government have been cleared to continue building, with Ørsted’s Sunrise Wind project the fifth project to be granted a preliminary injunction as part of a lawsuit challenging the order issued by the Director of the Department of... Continue Reading →
Feb 2 (Reuters) - Venezuelan oil exports rose to some 800,000 barrels per day (bpd) in January, from 498,000 bpd in December, after the U.S. capture of Nicolas Maduro and the ending of an oil blockade which has let traders carry most exports, shipping data showed. Washington imposed an oil embargo on the U.S.-sanctioned country... Continue Reading →
Feb 2 (Reuters) - A U.S. judge on Monday will consider a request from Danish energy company Orsted to block the Trump administration's halt on its Sunrise Wind project off the coast of New York. The preliminary injunction request is the fifth brought by an offshore wind developer since the Interior Department's December 22 pause on five offshore wind leases... Continue Reading →
Feb. 2 (ANP) In 2025, the average Brazilian annual production of oil and natural gas reached a historic mark of 4.897 million barrels of oil equivalent per day (boe/d), approximately 12.7% higher than the previous record, achieved in 2023, which was 4.344 million barrels of oil equivalent/day. Compared to 2024, which totaled 4.322 million boe/d,... Continue Reading →
Jan 30 (Reuters) - U.S. oil majors Exxon Mobil and Chevron offered investors a few pieces of new insight into their thinking about Venezuela on Friday, even though neither company announced long-term investment commitments despite President Donald Trump's continued push to convince American oil firms to rebuild the South American country's energy sector. Exxon CEO Darren Woods plugged... Continue Reading →
Jan. 30 (offhoreWind.biz) The US government’s offshore wind construction pause left a dent in GE Vernova’s numbers for the fourth quarter of 2025, which might get deeper if wind turbine works at the Vineyard Wind 1 site offshore Massachusetts are not completed according to the project’s current schedule. The US wind turbine manufacturer said on... Continue Reading →
The first wind turbine is now in place at the Coastal Virginia Offshore Wind (CVOW) site in the US. Jan. 30 ()offshoreWIND.biz) The 2.6 GW offshore wind farm, owned by Dominion Energy, will comprise 176 Siemens Gamesa 14 MW wind turbines and will be able to generate enough electricity to power over 900,000 homes once... Continue Reading →
Jan 29 (Reuters) - Lawmakers approved in a final vote on Thursday a sweeping reform of Venezuela's main oil law after sweetening a proposal by interim President Delcy Rodriguez to lower taxes, expand the oil ministry's decision power, grant autonomy for private producers and make possible asset transfers and outsourcings. The changes are expected to... Continue Reading →
Jan. 29 (Reuters) French Finance Minister Roland Lescure called a draft law proposing to allow offshore oil and gas exploration in its overseas territories "anachronistic" during a debate in the country's Senate on Thursday. In a world first, France banned new oil and gas exploration and production licenses in 2017, hoping other nations would follow suit. But energy security... Continue Reading →
Jan. 29 (oilprice.com) Russia’s oil producer Lukoil has agreed to sell most of its international assets to private equity giant Carlyle. Following the U.S. sanctions on Lukoil and Rosneft, “as a result of Russia’s lack of serious commitment to a peace process to end the war in Ukraine,” Lukoil announced in October it would sell all of its international assets, initiating a... Continue Reading →
