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June 18 (offshoreWIND.biz) The US Department of the Interior (DOI) said on 17 June that it had reached an agreement with Invenergy under which the developer will relinquish four offshore wind leases in exchange for a USD 765 million (approximately EUR 664 million) reimbursement and redirect the capital into natural gas and geothermal energy projects.... Continue Reading →
June 17 (offshreWIND.biz) The Trump Administration has withdrawn its appeal of a federal court ruling that vacated the section of its January 2025 Presidential Wind Memorandum that halted federal leasing and permitting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 11 (Reuters) The United States has become the world's largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift that tightens American companies' grip on energy markets as Washington's war with Iran reshapes global energy trade. America's ascendancy to the top spot marks a stunning reversal for a... 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 →
June 1 (Reuters) - The Trump administration has proposed a new punitive tariff of 25% on many imports from Brazil, after deciding its practices were unfair on a range of issues from digital trade to illegal deforestation, top trade official Jamieson Greer said on Monday. The measures, under the Section 301 trade legislation, cover areas... Continue Reading →
May 30 (cleantechnica.com) Beginning in the early 2000’s, US taxpayers devoted many millions of dollars to support new floating wind turbine technology, enabling many more gigawatts of clean power to be harvested from offshore sites. Too bad all that blood, sweat, and tears went to waste after US President Donald Trump blew up the domestic offshore... Continue Reading →
Brazil Energy Insight 