Brought to you by Quest Offshore & Southern Cone Consultants
Feb 12 (Reuters) - The administration of President Donald Trump on Thursday plans to announce the repeal of a scientific finding that greenhouse gas emissions endanger human health, removing the legal basis for federal climate regulations. The move represents the most sweeping climate change policy rollback by the administration to date, after a string of... Continue Reading →
Feb. 11 (Reuters) The U.S. Treasury Department on Tuesday issued a general license to facilitate the exploration and production of oil and gas in Venezuela, a long-awaited step that could help increase output in the country. Washington has relaxed sanctions on Venezuela's energy industry since U.S. forces captured President Nicolas Maduro in early January. It... Continue Reading →
Feb 10 (Reuters) - Equinor's international oil and gas portfolio will return to growth in the next few years as the Norwegian energy group targets sharply increased output abroad by 2030, its head of foreign operations told Reuters. After recent divestment of onshore assets in Argentina, Equinor now produces oil and gas in seven countries outside Norway, down... Continue Reading →
Feb 9 (Reuters) - Shell needs an acquisition or exploration breakthrough to make up for an expected production shortage of 350,000-800,000 barrels of oil equivalent per day by 2035 due to maturing fields unable to meet its output targets, the company and analysts say. For years, oil majors have been restrained in topping up reserves,... Continue Reading →
Feb 6 (Reuters) - Denmark's Orsted reported sharply higher fourth-quarter cash flow and a bigger-than-expected reduction in debt, as the group boosts its balance sheet to navigate U.S. President Donald Trump's clampdown on offshore wind. Orsted expanded rapidly over the past decade, but more recently faced higher costs from supply chain disruption and inflation, and faces regulatory... Continue Reading →
Feb. 6 (offshoreWIND.biz) The US state of Massachusetts and the Canadian province of Nova Scotia have signed a Memorandum of Understanding (MoU) to deepen cooperation on offshore wind development, seeking to align planning, workforce training, transmission planning and supply chain development across the North Atlantic region. Massachusetts Governor Maura Healey and Nova Scotia Premier Tim... Continue Reading →
Feb 5 (Reuters) - Wind turbine maker Vestas reported quarterly profit that fell slightly short of expectations on Thursday, driving its shares down as much as 6% even as the firm's CEO expressed confidence in future growth due to surging electricity demand. Vestas' operating profit before special items in the fourth quarter fell to 580 million... Continue Reading →
Feb. 4 (oilprice.com) Equinor posted lower earnings in the fourth quarter of 2025 compared with a year earlier, reflecting weaker liquids prices and impairment charges, even as the Norwegian energy major delivered record annual production and outlined measures to reinforce cash flow and competitiveness. Adjusted operating income for the quarter reached $6.2 billion, down from the same... Continue Reading →
Feb 4 (Reuters) - Finnish engineering group Wartsila missed fourth-quarter orders forecasts on Wednesday, dragged down by U.S. battery tariffs and tougher competition in its energy storage business. The company's shares fell around 3%, even though CEO Hakan Agnevall pointed to "ample opportunities" supplying engine-based power generation to new data centres - a fast-growing business as... Continue Reading →
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 →
Brazil Energy Insight 