Brought to you by Quest Offshore & Southern Cone Consultants
Sept. 8 (Reuters) U.S. oilfield services provider Halliburton has been cutting staff in recent weeks, according to two sources familiar with the matter, marking the latest workforce reduction in the U.S. oil industry as it faces rising costs and a period of lower prices and volatility. Global benchmark Brent crude oil prices have dropped more... Continue Reading →
Sept. 5 (offshoreWIND.biz) In a matter of months, the US offshore wind industry went from a growing investor and employer to an industry that is now undergoing what Oceantic Network called a “targeted attack” after reports emerged that the US Department of the Interior (DOI) plans to revoke federal permits for two more projects. The Trump administration has reportedly also asked... Continue Reading →
Sept. 5 (Reuters) Danish wind farm developer Orsted cut its operating profit outlook for 2025 on Friday, shortly before shareholders were set to vote on a crucial capital raise as the company battles U.S. President Donald Trump's opposition to wind power. Once celebrated as a trailblazer in offshore wind, Orsted now finds itself in dire... Continue Reading →
Sept 3 (Reuters) - President Donald Trump's administration plans to revoke federal approval of Avangrid's planned New England Wind project off the coast of Massachusetts, according to a court filing on Wednesday. The legal maneuver is the latest move by U.S. authorities to stymie development of offshore wind energy, which Trump has called ugly, expensive, and unreliable.... Continue Reading →
Sept. 2 (foreignaffairs.com) In April, when Donald Trump announced his “Liberation Day” tariffs on dozens of countries, Brazil emerged largely unscathed. Brazilian exports to the United States became subject to ten percent levies, the baseline rate, escaping the debilitating tariffs applied to the goods of some U.S. allies. In late July, however, Trump declared that... Continue Reading →
Sept 1 (Reuters) - Norway's Equinor will pump nearly $1 billion into Orsted's emergency fundraising, opens new tab, it said on Monday, bolstering the Danish offshore wind power developer's efforts to cope with U.S. President Donald Trump's hostility to the sector. The energy company said it planned to participate in Orsted's 60-billion Danish crown ($9.4 billion) rights issue by subscribing... Continue Reading →
Aug. 29 (Reuters) -Brazil plans to announce a tax incentive plan in early September aimed at attracting foreign tech companies to build data centers in the country, two economic policy officials told Reuters. The sources, who requested anonymity to discuss the confidential plans, said the "Redata" program is designed to build goodwill with big tech... Continue Reading →
Aug 28 (Reuters) - Brazil's Foreign Ministry has ordered trade body Camex to start analyzing whether a local reciprocity law could be used against the United States after U.S. President Donald Trump imposed steep tariffs on several goods from the South American country. The law, passed earlier this year by Brazil's Congress, establishes a legal framework... Continue Reading →
Aug. 28 (offshoreWIND.biz) Connecticut officials say they have been left in the dark about why the US federal government suddenly ordered construction of the Revolution Wind offshore project to stop, even as billions of US dollars, hundreds of jobs, and counted-on grid capacity hang in the balance. “If there are issues to discuss, let’s discuss... Continue Reading →
AUG. 28 (OE) Eco Wave Power has completed operational testing at its U.S. pilot wave energy project at the Port of Los Angeles. The operational testing marked the lowering of its floaters into the water for the very first time. The milestone follows the finalization of all installation works at the project site, including full... Continue Reading →
Brazil Energy Insight 