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Jan. 16 (Reuters) Abu Dhabi state oil firm ADNOC is weighing entering Venezuela's energy industry and could seek a partnership with another international producer to participate in the nation's gas projects, Bloomberg News reported on Thursday, citing people familiar with the matter. Reuters could not immediately verify the report. XRG, ADNOC's international investments arm set... Continue Reading →
Jan 15 (Reuters) - Several European partners of Venezuela's state-run oil company PDVSA, including Spain's Repsol, Italy's ENI and France's Maurel & Prom, have applied for U.S. licenses or authorizations to export oil from the OPEC country, six industry sources told Reuters. The requested terms are similar to those granted by Washington in past years,... Continue Reading →
Jan 15 (Reuters) - Vineyard Wind, a nearly completed offshore wind project off the coast of Massachusetts, asked a federal court on Thursday to block the Trump administration's suspension of the industry in federal waters. The filing came the same day a federal judge in Washington dealt the administration a legal setback by allowing construction to proceed on an... Continue Reading →
Jan 15 (Reuters) - A federal judge on Thursday cleared Norwegian offshore wind developer Equinor to resume work on its New York Empire Wind project, which President Donald Trump's administration halted along with four other projects last month. The ruling by U.S. District Judge Carl Nichols in Washington is the second legal setback for Trump's offshore wind pause... Continue Reading →
Jan. 15 (Reuters) A U.S. judge will rule on Thursday on whether to allow Norwegian offshore wind developer Equinor to resume construction of the Empire Wind project off the coast of New York in a lawsuit over the Trump administration's suspension of the industry. U.S. District Judge Carl Nichols in Washington had declined to issue... Continue Reading →
Jan 13 (Reuters) - French oil major TotalEnergies would consider returning to Venezuela but it is not a priority, its chief executive said on Tuesday. "People want to rush back to Venezuela but it will require a clear framework to be able to invest there and it will take time," CEO Patrick Pouyanne said at Abu... Continue Reading →
Jan 12 (Reuters) - A federal judge on Monday cleared Danish offshore wind developer Orsted to resume work on its nearly finished Revolution Wind project, which U.S. President Donald Trump's administration halted along with four other projects last month. The ruling by U.S. District Judge Royce Lamberth is a legal setback for Trump, who has spent... Continue Reading →
Jan. 12 (Reuters) U.S. oil producers already reeling from low oil prices are facing renewed pressures, as President Donald Trump pushes them to boost output in Venezuela - a move that would weaken the oil market, cut revenues and hurt industry at home. Trump has enacted policies that he says would unleash American energy and... Continue Reading →
Jan 9 (Reuters) - New York's attorney general sued the Trump administration on Friday for suspending construction on two major offshore wind projects that the state says it needs to power 1 million homes and reduce its reliance on fossil fuels. In a pair of lawsuits, New York Attorney General Letitia James is asking a... Continue Reading →
Jan 9 (Reuters) - Exxon Mobil CEO Darren Woods said on Friday the U.S. oil major is ready to evaluate a potential return to Venezuela in what would be a stunning development after its assets in the South American country were nationalized nearly 20 years ago. Woods, however, said Venezuela was currently "uninvestable" and significant legal... Continue Reading →
Brazil Energy Insight 