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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 →
Jan. 8 (PN) The National Petroleum Agency (ANP) has requested clarifications from Petrobras before authorizing the resumption of drilling at the Morpho well in the Foz do Amazonas Basin. The activity was suspended after two auxiliary lines connected to the ODN-II drillship, chartered by Foresea, registered a loss of drilling fluid last Sunday. The ANP... Continue Reading →
Jan. 8 (oilprice.com) Big Tech firms are requesting hundreds of gigawatts of power demand from data centers to connect to the U.S. grids. But aging grid infrastructure in key regional markets and grid investments lagging behind the soaring demand are forcing grid operators to offer some alternative options to the hyperscalers looking to hook up... Continue Reading →
Jan. 9 (Reuters) Oil major Chevron Corp, global trading houses Vitol and Trafigura, and other firms are competing for U.S. government deals to export crude oil from Venezuela, according to sources familiar with the matter. The competition reflects a desire by many in the oil industry to access the South American country's crude stocks and... Continue Reading →
Jan. 8 - The Brazilian Institute of Environment and Renewable Natural Resources (Ibama) sent an official letter to Petrobras (PETR3;PETR4), requesting technical information about the biodegradable fluid leak accident during offshore drilling activity in Block FZA-M-59, on the Equatorial Margin. The letter was sent by the General Coordination of Environmental Licensing of Marine and Coastal... Continue Reading →
Jan. 8 (oilnow.gy) Axess Group has secured a long-term Asset Integrity Management contract with Noble Corporation for operations offshore Guyana. The agreement covers inspection and certification services for four Noble drillships operating in Guyana’s offshore basin. The work is aimed at supporting safety, regulatory compliance, and operational performance. Under the contract, Axess said on January... Continue Reading →
Jan. 8 (OE) Norwegian offshore vessel owner Solstad Offshore has extended the previously agree four-year contract with Petrobras for its anchor handling tug supply (AHTS) vessel Normand Turquesa. The current Normand Turquesa contract with Petrobras has been extended by one year, and the start of the previously announced four-year contract has been amended from the... Continue Reading →
Jan. 7 (OE) Artificial intelligence (AI) contributed savings and value creation of about $130 million for Equinor and its partners in 2025, as the Norwegian firm expanded the use of AI across offshore platforms and onshore facilities. The company uses artificial intelligence to support industrial operations at scale, improving safety, efficiency and profitability, as it... Continue Reading →
Jan. 7 (oilnow.gy) U.S. net imports of crude oil from Guyana rose to record levels in 2025, supported by rising offshore production and growing demand from U.S. refiners, according to data from the U.S. Energy Information Administration (EIA). Based on EIA data for the first 10 months of the year, U.S. net imports from Guyana... Continue Reading →
Brazil Energy Insight 