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April 30 (Reuters) - Brazil's Petrobras has cut to zero its oil exports to the U.S., as the conflict in Iran reshaped oil flows across the world and China became the destination for around 62% of the state-run oil firm's crude sent abroad in the first quarter. Petrobras exported about 1.12 million barrels per day of... Continue Reading →
The changing global bottom-fixed offshore wind turbine and foundation installation market May 1 (OE) The last two or three years have seen a change in the underlying stakeholder support for the energy transition, resulting in the energy trilemma being focused more on energy security and affordability than transition, which means a pivot away from renewables... Continue Reading →
May 1 (Reuters) Exxon Mobil beat estimates for quarterly adjusted earnings on Friday, helped by higher output in Guyana and the Permian Basin, though unadjusted profit dropped to its lowest level in five years due to disruptions from the Iran war that could hit production further in the current quarter. Adjusted earnings for the first... Continue Reading →
April 30 (offshoreWIND.biz) The State of Massachusetts has activated long-term contracts for the Vineyard Wind 1 offshore wind farm, securing fixed electricity pricing for 20 years and projected customer savings of USD 1.4 billion (around EUR 1.2 billion) over that period, according to the state government. The contracts, announced on 27 April by the Healey-Driscoll... Continue Reading →
April 27 (Reuters) - President Donald Trump's administration said on Monday that it had reached a deal to end two more U.S. offshore wind leases in exchange for $885 million in pledged investments in domestic fossil fuels. The projects, one in the Atlantic and one in the Pacific, are managed by Ocean Winds, a joint... Continue Reading →
April 27 (Reuters) - Oilfield service companies that for years kept rigs and specialized equipment stored in Venezuela have begun removing them from warehouses for assembly and repair as the government advances a review of oil and gas contracts that could lead to fresh activity, four sources involved in the preparations said. Since a sweeping reform of... Continue Reading →
April 24 (Reuters) - SLB reported a fall in first-quarter profit on Friday, as disruptions from the war in Iran forced the top oilfield services provider to rein in operations in a key oil-producing region, sending its shares down more than 4% before the bell. The company last month said it demobilized operations in a few... Continue Reading →
April 24 (OE) Helix Energy Solutions and Hornbeck Offshore Services have agreed to combine in an all-stock transaction to create an integrated offshore services company. Under the agreement, Hornbeck shareholders will own about 55% of the combined company, while Helix shareholders will hold around 45%. The combined company will operate under the Hornbeck Offshore Services... Continue Reading →
April 22 (Reuters) A federal judge on Tuesday blocked President Donald Trump's administration from enforcing a series of permitting policies that wind and solar energy industry groups say have stymied the development of new energy generation projects. Chief U.S. District Judge Denise Casper in Boston issued a preliminary injunction sought by nine advocacy groups and industry trade associations that... Continue Reading →
April 22 (oilprice.com) U.S. intervention in Venezuela, with illegitimate President Nicolas Maduro snatched in a daring January 2026 night raid, opened the country's oil industry to foreign investment. While President Donald Trump is aggressively pushing for Big Oil to invest in Venezuela, energy majors are taking a more sober approach. Venezuela's heavily corroded oil infrastructure, responsible for a nationwide... Continue Reading →
