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Petróleo Brasileiro S.A. – Petrobras announces that Fitch Ratings has affirmed the company's Long-Term Local and Foreign Currency Issuer Default Ratings (IDRs) and outstanding debt ratings at 'BB', with a stable rating outlook. Fitch also has affirmed Petrobras' long-term national scale rating at 'AAA'. Fitch considers that Petrobras' Standalone Credit Profile (SCP) is consistent with... Continue Reading →
(Reuters) - Sweeping U.S. tariffs could prove relatively advantageous for Brazil, Latin America's largest economy, despite President Donald Trump's move to impose a 10% levy on its exports to the United States, economists said on Thursday. Local markets reacted positively to the highly anticipated announcement on Wednesday, with the Brazilian real strengthening past 5.60 per... Continue Reading →
(Reuters) - Mexico lowered its estimate for average crude oil production for this year by 129,000 barrels per day (bpd), citing a "prudent approach" that takes into account the trajectory of the first months of the year. This would bring the country below the ambitious 1.8 million bpd target set by President Claudia Sheinbaum. In... Continue Reading →
(offshore-energy.biz) Norwegian FPSO operator BW Offshore has reached a settlement with Brazil’s Prio Comercializadora, previously known as Petro Rio O&G Exploração e Produção de Petróleo, over a dispute concerning a floating production, storage, and offloading (FPSO) vessel. As disclosed by the Norwegian player, the arbitration was agreed to be fully and finally settled before London’s... Continue Reading →
(Reuters) The global economy is bracing for renewed turbulence following U.S. President Donald Trump’s announcement on Wednesday of sweeping new tariffs, triggering fears of a global trade war and sparking immediate market and political reactions. According to the White House, the new measures include a 10% minimum tariff on most imported goods, with certain products... Continue Reading →
(eixos) Petrobras is expected to present the development plan for the ultra-deep water project to produce oil and gas in Sergipe, the Sergipe Deep Waters (Seap), by the end of April, said the state-owned company's executive manager for Gas and Energy, Álvaro Tupiassu, during a meeting of the Oil and Gas Technical Chamber (CTGás) of... Continue Reading →
(Reuters) - Portugal's EDP Renovaveis will offer 90 new wind turbines at auction after pulling out of major Colombia wind energy projects, the website of industrial equipment auctioneer Escrapalia showed on Tuesday. The Vestas V162-5.6 MW turbines will be sold in an online auction, Escrapalia said. EDPR, the world's fourth-largest wind power producer, posted an unexpected net... Continue Reading →
(Reuters) - Colombia's state-run energy company Ecopetrol plans to invest between $500 million and $700 million to build a plant to produce Sustainable Aviation Fuel (SAF) jet fuel, company's president Ricardo Roa said on Wednesday. The new plant, to be built at the Barrancabermeja refinery, will start its development phase between this and next year, Roa... Continue Reading →
(Reuters) - Discoveries made by Brazilian state-run oil firm Petrobras discoveries this year in the Campos and Santos basins and in the Buzios field are "significant," exploration and production head Sylvia dos Anjos said on Wednesday. Petrobras announced hydrocarbon discoveries in February and March at the Aram block, located in the Santos basin, and at... Continue Reading →
(PN) National oil production in February totaled 3.488 million barrels per day (bbl/d), an increase of 1.1% compared to the previous month and 1.2% compared to the same month in 2024. The data was released by the National Petroleum Agency (ANP). Natural gas production registered 158.76 million cubic meters per day (m³/d). The value represents... Continue Reading →
Brazil Energy Insight 