Brought to you by Quest Offshore & Southern Cone Consultants
Feb. 10 (Reuters) BP posted quarterly profit in line with analyst expectations on Tuesday and suspended its share buyback programme as it wrote down around $4 billion in its renewables and biogas businesses. BP, whose new CEO Meg O'Neill will start in April, said it would allocate the excess cash to invest in oil and... Continue Reading →
Feb 9 (Reuters) - Shell needs an acquisition or exploration breakthrough to make up for an expected production shortage of 350,000-800,000 barrels of oil equivalent per day by 2035 due to maturing fields unable to meet its output targets, the company and analysts say. For years, oil majors have been restrained in topping up reserves,... Continue Reading →
Feb 8 (Reuters) - Namibia will not recognise the purchase of offshore stakes in the Luderitz Basin announced last week by TotalEnergies and Petrobras until the oil companies follow the proper route for approval, government officials said on Sunday. Jonas Mbambo, a spokesperson for the presidency, confirmed that until a formal application is submitted and the prescribed... Continue Reading →
Feb 6 (Reuters) - Some Brazilian power companies are pulling back from energy trading amid rising credit risks, greater price volatility, shrinking sales from generators and reduced liquidity in the market, company executives and sources said. CPFL and CTG Brasil, two major generators controlled by Chinese groups, are among the firms that have quit "directional trading,"... Continue Reading →
Feb 6 (Reuters) - Brazilian energy firm Eneva is considering options to enter Venezuela's oil and natural gas sector and is in talks with Sweden's Maha Capital over creating a possible joint venture there, two sources with direct knowledge of the matter told Reuters on Friday. One of the sources, who asked not to be named, said... Continue Reading →
Feb. 6 - BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), informs its investors and the market in general of the preliminary and unaudited production data for the month of January 2026. Potiguar – The monthly results reflect the impact of the temporary shutdown of facilities in the region, resulting from the audit conducted by... Continue Reading →
February 6, 2026 – Petróleo Brasileiro S.A.– Petrobras announces that it has received R$ 1.65 billion from its partners in the Sépia and Atapu fields: TotalEnergies EP Brasil Ltda (28%), PETRONAS Petróleo Brasil Ltda (21%), and QatarEnergy Brasil Ltda (21%) in Sépia; and Shell Brasil Petróleo Ltda (25%) and TotalEnergies EP Brasil Ltda (22.5%) in... Continue Reading →
February 6, 2026 – Petróleo Brasileiro S.A. – Petrobras announces that it has acquired a 42.5% stake in Block 2613, located offshore in the Republic of Namibia, Africa. The transaction was carried out in partnership with TotalEnergies, which also acquired 42.5% and will act as the operator of the block. The selling companies are Eight Offshore... Continue Reading →
Feb 5 (Reuters) - HIF Global expects significantly lower costs for its green-hydrogen plant in Brazil and hopes to secure financing for the first of four planned modules in the middle of next year, the company's Latin America chief executive said on Thursday. The e-fuels maker had put a $4 billion price tag on the... Continue Reading →
Feb. 5 (ABPIP) The average production of small and medium-sized oil companies in the country, the so-called independents, was 364,300 boe/d (barrels of oil equivalent per day) in 2025, a 22.8% increase compared to the previous year, reported the ABPIP (Brazilian Association of Independent Oil and Gas Producers). This growth mainly reflects the expansion of... Continue Reading →
Brazil Energy Insight 