Brought to you by Quest Offshore & Southern Cone Consultants
Jan 30 (Reuters) - A U.S. federal court on Friday ruled the Department of Energy violated the law when it formed a climate science advisory group, potentially putting its forthcoming final proposal to repeal a key climate regulation at risk. The U.S. District Court for the District of Massachusetts issued a judgment that said the... 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 30 (Reuters) - Chevron's fourth-quarter profits fell but came in ahead of estimates as it focused on cutting costs and making its operations more efficient to contend with lower crude prices throughout 2025. The only U.S. oil producer currently operating in Venezuela and now in the geopolitical spotlight after the U.S. capture and removal of former Venezuelan leader Nicolas... Continue Reading →
Jan 30 (Reuters) - Exxon Mobil beat Wall Street targets in fourth-quarter earnings reported on Friday, with higher oil production in profitable Permian Basin and Guyana assets helping to boost the No. 1 U.S. oil producer's results. Adjusted earnings for the October to December quarter were $1.71 per share, beating a consensus estimate of $1.68 per... 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) - Exxon Mobil and Chevron executives may face more questions about their investment opportunities in Venezuela than their actual quarterly earnings when they hold calls with analysts on Friday. The U.S. capture and removal, opens new tab of Venezuelan President Nicolas Maduro earlier this month opened a possible - albeit arduous - path for Big Oil to access... Continue Reading →
Jan 28 (Reuters) - A dozen House Democrats on Wednesday sent a letter to 21 companies who attended a Jan. 9 White House meeting about developing Venezuelan oil resources, warning them that any transaction or investment they make there faces legal and financial risks. The letter, led by Democratic Congressman Sean Casten, said despite any... Continue Reading →
Jan. 28 (offshoreWIND.biz) Construction work can restart on the 95-per-cent-complete Vineyard Wind 1 offshore wind farm after the US District Court for the District of Massachusetts issued a decision to allow full activities to resume in the Vineyard Wind lease area on the US Outer Continental Shelf (OCS). This is the fourth of the five... Continue Reading →
Brazil Energy Insight 