Brought to you by Quest Offshore & Southern Cone Consultants
March 24 (OE) Dominion Energy has delivered first power to the grid from its Coastal Virginia Offshore Wind (CVOW) project, marking a key milestone for what is set to become the largest offshore wind development in the United States. Dominion Energy’s Chair, President and Chief Executive Officer, Robert Blue, said the project began supplying electricity... Continue Reading →
March 23 (Reuters) - Chevron is seeing progress in Venezuela as its oil production in the OPEC country rises, but more work is needed to change key energy legislation and secure conditions for investment, CEO Mike Wirth said on Monday. "There's still things that need to happen to encourage investment at the scale that people... Continue Reading →
March 18 - Maha Capital, a Stockholm-listed oil company controlled by the Brazilian asset manager Starboard, exercised its right to acquire a 24% stake in a Venezuelan oil field following the easing of sanctions by the United States. The decision came after the US Treasury Department authorized transactions with the state-owned PDVSA this week, paving... Continue Reading →
March 17 (offshoreWIND.biz) The US government is working on settlement agreements that involve the government cancelling TotalEnergies’ Attentive Energy and Carolina Long Bay offshore wind leases and reimbursing the French energy company USD 928 million (around EUR 806 million) for the financial bids through which it secured the two areas in lease sales during the... Continue Reading →
March 14 (Reuters) - The U.S. Justice Department has filed a memorandum supporting Argentina's bid to suspend a discovery process in a New York court case tied to the 2012 nationalization of state oil company YPF, Argentina's Treasury Attorney's Office said on Saturday. The filing, submitted to the Southern District Court of New York, argues the current... Continue Reading →
March 14 (Reuters) - Colombia's Energy Minister Edwin Palma said Venezuela's state oil company PDVSA intends to end a contract with Colombia's Ecopetrol over the Antonio Ricaurte pipeline, saying there was insufficient investment to repair it. In a post on X on Saturday, Palma said the government plans to meet with the U.S. government on... Continue Reading →
March14 (newbedfordlight.org) A crew of Americans and Europeans, assisted by a heavy lift crane and high-tech bolting tools, hoisted and secured the 186th and final blade at Vineyard Wind on Friday, closing the lengthy chapter on the project installation, and cementing the “Forever First” project as the second but now largest commercial-scale offshore wind farm... Continue Reading →
March 14 (offshoreWIND.biz) Revolution Wind has begun delivering electricity to the New England grid, Ørsted, which owns the US offshore wind farm together with Skyborn Renewables, said on 14 March. The offshore wind farm comprises 65 Siemens Gamesa SG 11.0-200 DD wind turbines and powers Rhode Island and Connecticut. Once fully commissioned, the 704 MW... Continue Reading →
March 10 (Reuters) - Exxon Mobil is seeking to abandon its corporate registration in New Jersey and redomicile in Texas where its headquarters is located, the U.S. oil major said on Tuesday, in a move that could help bolster its defenses against activist shareholders and climate advocates. Exxon announced the proposal in a proxy filing. If the move is approved... Continue Reading →
March 9 (Reuters) The dollar surged on Monday as soaring oil prices sent investors scrambling for cash on worries that a protracted Middle East war could severely disrupt energy supplies and hurt global growth. Against the surging greenback, the euro EUR= and sterling GBP= were down roughly 1% in Asia, while the Aussie AUD= and... Continue Reading →
Brazil Energy Insight 