News
Norway parliament vote on subsidies review casts doubt on floating wind project " Brazil Energy Insight
4+ hour, 9+ min ago (294+ words) June 9 (Reuters) " Norway's parliament on Tuesday ordered the government to review its planned subsidy for the country's first commercial floating offshore "wind farm, raising concerns of a full development stop and "a wider impact on energy transition projects. A proposal…...
DNV advises lenders on financial close of USD 650 million green hydrogen fertilizer project in Paraguay
5+ day, 3+ hour ago (416+ words) Brazil Energy Insight Asunci'n, Paraguay " June 3, 2026 " DNV, the independent energy expert and assurance provider, acted as lender technical advisor for the Villeta green hydrogen-based fertilizer project in Paraguay, supporting a group of international lenders through technical due diligence and contributing…...
MODEC, Eld Energy Partner on CCS-Integrated FPSO Fuel Cell Power System " Brazil Energy Insight
5+ day, 7+ hour ago (227+ words) June 4 (OE) MODEC and Norway-based Eld Energy have signed a memorandum of understanding to develop a 1. 2 MW power system integrated with carbon capture for future floating production, storage and offloading (FPSO) vessels. Under the agreement, Eld Energy will lead the…...
Renewable energy investors mobilize for Brazil battery auction, but warn of risks
5+ day, 8+ hour ago (383+ words) June 3 (Reuters) " Major international renewable energy investors are lining up for Brazil's first battery auction, announced by the government on Wednesday, boosting hopes that the storage units "will obtain the financial resources to purchase power from the country's struggling "renewable…...
Black Rock's Atlas freezes $1 billion in Brazil renewables investments
6+ day, 8+ hour ago (359+ words) June 3 (Reuters) " Atlas Renewable Energy, one of South America's largest clean power generators, has "put plans for $1 billion in new investments in Brazil on hold as the national grid operator has periodically rejected renewable power, CEO Carlos Barrera said. Atlas…...
Brazil registered another record in oil and gas production in April, with 5. 640 million barrels of oil equivalent per day (boe/d) " Brazil Energy Insight
6+ day, 6+ hour ago (383+ words) June 3 " Brazil registered a record in oil and gas production in April, with 5. 640 million barrels of oil equivalent per day (boe/d). The data was released by the ANP in the Monthly Bulletin of Oil and Natural Gas Production. The previous…...
Chevron applies for Argentina tax break program with $13. 8 billion investment plan
6+ day, 8+ hour ago (198+ words) Brazil Energy Insight June 2 (Reuters) " Chevron has applied to join Argentina's incentive regime for "large investments for a $13. 8 billion unconventional oil project in the El Trapial area of Vaca Muerta, the U. S. oil major said on "Tuesday, in what would rank…...
US states sue Trump administration over deal to scrap offshore wind project
6+ day, 6+ hour ago (423+ words) June 2 (Reuters) " Seven U. S. states led by New York sued the Trump administration "and a French energy firm on Tuesday for canceling a major offshore wind lease off the coast of New York in exchange for a pledge by the company…...
Chinese turbine giant, Ming Yang, joins Norwegian Offshore Wind network
1+ week, 2+ day ago (202+ words) Brazil Energy Insight May 30 (splash) Chinese turbine manufacturer Ming Yang Europe has joined Norwegian Offshore Wind, underscoring its commitment to building deep, long-term partnerships with the European offshore wind community, particularly with Norway, which pioneered floating offshore wind technology. Norwegian…...
Exxon Mobil, Conoco Phillips negotiate possible Venezuela comeback
1+ week, 2+ day ago (609+ words) May 31 (World Oil)Exxon Mobiland Conoco Phillipsare pushing for durable contract terms and a way to resolve billions of dollars owed to them as they consider re-entering Venezuela after exiting the country two decades ago. An Exxon team met with…...