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March 9 (valorinternational.globo.com) Uncertainty stemming from the conflict in the Middle East still makes it impossible to identify a clear oil price trend, but Petrobras’s pricing policy will not change because of the crisis, company executives said in assessing the current geopolitical environment and its effects on Brazil. They said, however, that the oil giant... Continue Reading →
March 9 (Reuters) Oil major Shell inked several oil agreements with the Venezuelan government that span offshore natural gas and onshore oil and gas opportunities, the company said in a statement. It also signed several technical and commercial agreements with Venezuelan engineering company VEPICA, as well as with KBR and U.S. oil services firm Baker... Continue Reading →
March 8 (oilprice.com) Following the United States intervention in Venezuela on 3rd January, which brought an end to President Nicolás Maduro’s 13-year dictatorship, all eyes have been on the South American country’s oil industry. Once one of the world’s biggest oil producers, output has waned in recent years. However, with U.S. President Trump setting his sights on Venezuelan... Continue Reading →
March 7 (Reuters) - Dozens of U.S. and other investors ranging from hedge fund managers to energy investors plan to travel to Venezuela in the coming weeks with hopes of meeting the country's top politicians and business leaders and scouting out investment opportunities, according to event organizers and participants. Three investor trips are being organized... Continue Reading →
March 8 (PN) Petrobras is evaluating increasing the production capacity of three platforms to be installed in the Búzios field, in the pre-salt layer of the Santos Basin. The P-80, P-82, and P-83 units were designed to produce up to 225,000 barrels of oil per day each, but the company is studying raising this limit... Continue Reading →
March 8 (PN) Petrobras plans to accelerate the ramp-up of production from the newest platforms in the Búzios field, in the pre-salt layer of the Santos Basin. According to the company's Director of Engineering, Technology and Innovation, Renata Baruzzi, the idea is to anticipate the increase in production from both the P-78 (already in production)... Continue Reading →
March 6 (electrek.com) Aikido Technologies has unveiled a concept that combines floating offshore wind turbines, battery storage, and AI data centers on a single platform. The offshore infrastructure company says its new platform, called AO60DC, is designed to co‑locate AI-grade computing directly with renewable energy generation at sea. Wind, batteries, and AI compute on one floating... Continue Reading →
March 6 (Reuters) - The general superintendence of Brazil's antitrust watchdog CADE approved on Friday the agreement for private equity firm IG4 Capital to buy a controlling stake in petrochemical firm Braskem from conglomerate Novonor, a regulatory document showed. The agreement, which had been announced by the companies in December, was approved by the superintendence without restrictions,... Continue Reading →
March 6 - Petrobras accelerated the pace of its investments last year. In total, the company spent US$20.3 billion in 2025, a 22.2% increase compared to the previous year. Furthermore, this is the company's highest investment level since 2019. The value was also 9.7% above the forecast in the company's 2025-2029 business plan, remaining within... Continue Reading →
March 6 (OE) Viridien has kicked off the Charrua 3D multi-client seismic survey offshore Uruguay, marking a new phase of exploration activity in the country’s offshore basins. Data acquisition will be carried out by the vessel BGP Prospector, with the company applying seismic imaging technologies including time-lag full-waveform inversion (TLFWI) to produce high-resolution subsurface images.... Continue Reading →
Brazil Energy Insight 