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Sept 7 (Reuters) - Argentina's rugged Patagonia is drawing increasing interest from investors searching for sites for mega data centers who are enticed by the region's cool temperatures, renewable energy, shale gas and empty stretches of land. As tech giants known as hyperscalers race worldwide to build server farms and run into roadblocks amid anti-data-center... Continue Reading →
Sept. 7 - Oil States Brasil has secured a new contract with Petrobras to provide specialized maintenance and technical assistance services for subsea equipment. The three-year agreement covers support for Petrobras's subsea operations as well as for the exploration and production (E&P) consortia in which the oil company participates. The scope encompasses activities such as... Continue Reading →
Sept. 7 - On August 31, 2026, OceanPact—through its wholly-owned subsidiary Estaleiro Farol de São Tomé Ltda.—completed the acquisition of all outstanding shares of Dock Brasil Engenharia e Serviços S.A., a shipyard located in São Gonçalo, Rio de Janeiro. Following the fulfillment of all requisite corporate and regulatory steps, Dock Brasil has become part of... Continue Reading →
Sept. 7 - Petrobras has successfully met Ibama’s requirements and has been granted the license to drill three additional wells in block FZA-M-059, located in the Foz do Amazonas Basin. The new wells—named Manga, Crotalus, and PAD Morpho—will be crucial for the oil company to determine the reservoir's size and assess the area's commercial potential.... Continue Reading →
Sept. 7 (Reuters} Brazil's government expects to raise 22.4 billion reais ($4.4 billion) from an extraordinary pre-salt oil auction in 2027, according to an annex to the budget bill submitted to Congress, a revenue source that will be crucial to achieving its goal of posting its first effective primary surplus in years. The government of... Continue Reading →
Sept 5 (Reuters) - The billionaire who helped broker the Trump administration’s sweeping long-term oil deal with Venezuela was until recently a target of U.S. money-laundering investigations involving funds embezzled from the state-owned oil company PDVSA. Now, after assisting U.S. authorities ahead of the capture of authoritarian leader Nicolas Maduro, Alejandro Betancourt is Washington’s key... Continue Reading →
Sept 4 (Reuters) - The U.S. government structured its 35% position in a Venezuelan oil venture as warrants that protect Washington's stake from being weakened by fresh raises of capital, a U.S. official said. Speaking on Thursday about the deal announced last week by President Donald Trump, the official said the Pentagon structured the stake... Continue Reading →
Sept 4 (Reuters) - Italian oil company Eni has improved its chances of recovering more than $2.3 billion owed by Venezuela with the signing this week of a new oil project deal in the country, analysts said on Friday. After nearly three decades in Venezuela, Eni has accumulated those receivables from state-owned oil group PDVSA. As Washington and... Continue Reading →
Sept 4 (Reuters) - Colombia's Grupo Gilinski and Geopark on Friday signed a deal to jointly develop the Bare oilfield in Venezuela with state oil company PDVSA, a ceremony on state television showed. The chariman of Grupo Gilinski, which is GeoPark's majority shareholder, Jaime Gilinski, appeared alongside interim President Delcy Rodriguez. "GeoPark has the proven... Continue Reading →
Sept. 3 (oilprice.com) Venezuelan opposition leader María Corina Machado is backing a long-term U.S. role in developing the country’s oil reserves, even as she questions who has the authority to sign the sweeping agreement announced by acting President Delcy Rodríguez. Machado said Thursday that the scope of the agreement remains unclear, including who is signing... Continue Reading →
Brazil Energy Insight 