The derivation of orbital velocity is presumably well understood. One method is to set the centripetal force equal to the gravitational force and solve for v.
Mv^2/r = GMm/r^2
for which orbital velocity becomes v = sqrt(GM/r)
Now let's assume we have a spacecraft in stable orbit around a body at some distance r(1) and want to move the craft to a higher orbit r(2), to do this it must fire it's engines, i.e. accelerate the craft (a) for some time (t), and presumably increase its velocity as ∆v = at, however Newtonian theory tells us that the velocity has indeed decreased as r(2) is larger than r(1).
So I would like to know what kind of Hokus Pokus is normally applied to explain this problem.