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South America Dominates Global FPSO Market With $181 Billion Deepwater Buildout

Oil news - Thu, 02/26/2026 - 00:00
South America is set to maintain its position as the most significant region for floating production, storage, and offloading (FPSO) vessels, with 36 projects awarded or expected to be awarded between 2021 and 2030, totaling field greenfield commitments worth around $181 billion. Among these 36 projects, 25 have disclosed FPSO costs ranging from $339 million to $4.6 billion; of these, 21 have been awarded, and 15 remain to be awarded by 2030. However, the sanctioning environment has shifted since 2024, with inflation and market uncertainties creating…
Categories: Oil news

Soaring Electricity Demand Meets Gas Turbine Shortage

Oil news - Thu, 02/26/2026 - 00:00
The surge in electricity demand in the world’s AI hotspots has prompted a comparable surge in the demand for reliable supply. That surge was not expected. There are not enough gas turbines to secure that supply. This means the AI revolution would either have to slow down, or the grid would have to increase its reliance on coal. Natural gas has in recent years been marketed as a so-called bridge fuel between coal and oil, on the one hand, and wind and solar, on the other. When it became clear that “bridge” is in fact its own country…
Categories: Oil news

Saudi Arabia Boosting Oil Output In Anticipation of U.S. Attacks On Iran

Oil news - Wed, 02/25/2026 - 23:30
Saudi Arabia has started to increase its oil output as part of a contingency plan in the event the United States attacks Iran and oil flows are disrupted, Reuters reported on Wednesday, as OPEC’s biggest oil producer positions itself as a "reliable supplier" looking to take up its traditional role as a key swing producer ready to stabilize the markets if a conflict occurs. U.S. President Donald Trump recently revealed that he is considering a "limited military strike" on Iran in a bid to pressure its leaders into a new nuclear agreement.…
Categories: Oil news

Saudi Arabia Boosting Oil Output In Anticipation of U.S. Attacks On Iran

Oil news - Wed, 02/25/2026 - 23:30
Saudi Arabia has started to increase its oil output as part of a contingency plan in the event the United States attacks Iran and oil flows are disrupted, Reuters reported on Wednesday, as OPEC’s biggest oil producer positions itself as a "reliable supplier" looking to take up its traditional role as a key swing producer ready to stabilize the markets if a conflict occurs. U.S. President Donald Trump recently revealed that he is considering a "limited military strike" on Iran in a bid to pressure its leaders into a new nuclear agreement.…
Categories: Oil news

Saudi Arabia Boosting Oil Output In Anticipation of U.S. Attacks On Iran

Oil news - Wed, 02/25/2026 - 23:30
Saudi Arabia has started to increase its oil output as part of a contingency plan in the event the United States attacks Iran and oil flows are disrupted, Reuters reported on Wednesday, as OPEC’s biggest oil producer positions itself as a "reliable supplier" looking to take up its traditional role as a key swing producer ready to stabilize the markets if a conflict occurs. U.S. President Donald Trump recently revealed that he is considering a "limited military strike" on Iran in a bid to pressure its leaders into a new nuclear agreement.…
Categories: Oil news

Ayuda humanitaria de la ONU a Cuba, paralizada por el bloqueo energético de EEUU

Apporea noticias - Wed, 02/25/2026 - 23:06
25 de febrero de 2026.- Los millonarios planes de ayuda humanitaria de la Organización de Naciones Unidas (ONU) para Cuba, que en dos años sufrió el embate de tres huracanes, sobre todo el devastador Melissa, corren el riesgo de retrasarse debido al bloqueo energético impuesto a la isla por Estados ...
Categories: Venezuelan news

Arriban 111 connacionales que retornan al país desde Estados Unidos

Apporea noticias - Wed, 02/25/2026 - 23:04
25 de febrero de 2026.- Este miércoles, arribó otro grupo de 111 migrantes venezolanos que regresan al país, gracias a las gestiones del Gobierno Bolivariano a través de la Gran Misión Vuelta a la Patria. Este vuelo número 116, procedente de Miami, Florida, Estados Unidos, trajo de regreso a Vene...
Categories: Venezuelan news

US Coal and Gas Plant Closures Delayed

Oil news - Wed, 02/25/2026 - 23:00
The pivot away from fossil-fueled power generation in the United States is stalling due to the Trump energy policy, increased power usage, and the fear of electricity shortages and blackouts. According to the Energy Information Administration, via Reuters, US power plants scheduled to close in 2026 could stay online longer, building on a trend that began last year as electricity use and prices hit record levels in some parts of the country. The EIA says 11 gigawatts of power-generating capacity was expected to be shut, with nearly 60% coal-fired…
Categories: Oil news

Fiscal: responsables de la trama PDVSA-Cripto están detenidos en territorio nacional

Apporea noticias - Wed, 02/25/2026 - 22:10
25 de febrero de 2026.- El fiscal general de la República, Tarek William Saab, confirmó que los responsables de la trama de corrupción denominada PDVSA-Cripto permanecen bajo custodia de las autoridades venezolanas. Durante una entrevista en el programa A Pulso, transmitido por Venezolana de Tele...
Categories: Venezuelan news

White House Presses Tech Giants to Shield Households From AI Power Costs

Oil news - Wed, 02/25/2026 - 22:00
The White House has requested formal pledges from US tech giants that the swelling data centre boom will not drive up electricity bills for households, as concern mounts over AI’s energy demands. Donald Trump has approached behemoths like Microsoft and Alphabet, who have notoriously rallied behind his administration, about signing voluntary, non-binding agreements committing them to “pay their own way” as they build out new infrastructure. Most notably, the proposal requests that hyper-scale data centre operators cover 100 per…
Categories: Oil news

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