Sumitomo Corporation do Brasil and Cemvita Partner to Integrate production of Bio-Methane and Bio-Oil, a precursor of SAF in Brazil

March 18, 2026 /PRNewswire/ -- Sumitomo Corporation do Brasil and Cemvita, Inc. today announced the signing of a Memorandum of Understanding (MOU) to collaborate on integrated bio-methane (Renewable Natural Gas, RNG) and renewable bio-oil (FermOil™) projects in Brazil. The partnership is focused on accelerating the deployment of low-carbon, waste-based fuels and strengthening Brazil's position as a... Continue Reading →

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Petrobras announces results in the Capacity Reserve Auction

March 19 - Petrobras announces that it has contracted eight power plants from its thermoelectric energy portfolio in the 2026 Capacity Reserve Auction (LRCAP 2026), held today by Brazil’s National Electric Energy Agency (ANEEL) and the Electric Energy Trading Chamber (CCEE), with technical support from the Energy Research Company (EPE).  The auction aimed to contract firm capacity for the National... Continue Reading →

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PRIO – Wahoo Field Start-Up

March 19, 2026 - PRIO S.A. (the “Company” or “PRIO”) (B3: PRIO3), in compliance with best corporate governance practices, hereby informs its shareholders and the market in general that it has opened the first producing well at the Wahoo Field. Following production stabilization and completion of fiscal metering procedures, the Company will release a further... Continue Reading →

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The Brazilian Federal Court of Accounts (TCU) Audits Petrobras’ Contracting of Floating Production Storage and Offloading (FPSO) Vessels

The Brazilian Federal Court of Accounts (TCU) conducted an audit to analyze how Petrobras contracts and operates FPSOs. These vessels are used to process oil and gas at sea, store it, and then transfer it to other ships. They are important for Petrobras because they are more flexible and faster to install than stationary exploration... Continue Reading →

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Baker Hughes lands five-year job with Petrobras in Brazil

March 18 (offshore-energy.biz) U.S.-headquartered energy technology giant Baker Hughes has won a multi-year deal with Brazil’s state-owned energy giant Petrobras to support critical turbomachinery equipment for the South American country’s offshore and refinery operations. The 60-month service award, for which an agreement was signed in February 2026 with Petrobras following an open tender process, will... Continue Reading →

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Guyana drilling surges as ExxonMobil and Halliburton deliver first fully automated closed-loop well placement

March 18 (oilnow.gy) Halliburton and ExxonMobil Guyana Limited have completed the industry’s first fully automated closed-loop well placement offshore Guyana, the companies said in a March 16 release. The project was carried out with Sekal, Noble, and the Wells Alliance Guyana team. The automated workflow links geological data, well placement decisions, and rig control systems... Continue Reading →

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ExxonMobil presses ahead with development drilling at Uaru

March 18 (oilnow.gy) ExxonMobil Guyana Limited (EMGL) will continue development drilling at the Uaru Project’s UA_4P04 drill center in the Stabroek Block offshore Guyana, according to a notice from the Maritime Administration Department (MARAD). Operations began on March 12, 2026, within Guyana’s Exclusive Economic Zone. The MODU Noble Tom Madden is conducting the drilling campaign.... Continue Reading →

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Asahi Kasei, Nippon Steel, and Nippon Steel Trading Recycle Chlor-Alkali Electrolysis Cell Production Scrap Back into High-Quality Pure Titanium

March 18, 2026 - Asahi Kasei, a diversified global company, Nippon Steel, and Nippon Steel Trading have launched a recycling initiative to convert pure titanium scrap generated during the manufacturing of electrolysis cells into a raw material for pure titanium. The initiative is designed to reduce the environmental impact of cell production and enhance the... Continue Reading →

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