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Feb 28 (oilprice.com) Last year was an event-filled period for South America’s growing oil industry. The continent’s energy map is being rewritten by a few unexpected world-class oil booms, which makes the region a key source of non-OPEC production growth. There is also the potential for Venezuela to reemerge as a major petroleum producer after U.S.... Continue Reading →
Feb 27 (Reuters) - The Trump administration has appointed a hard-right critic of Brazil's current government to a position shaping U.S. policy toward the South American nation, a move that suggests relations between the Western Hemisphere's two largest democracies remain delicate despite a recent rapprochement. Darren Beattie, who is also the acting assistant secretary of... Continue Reading →
Feb. 27 (oilprice.com) South America is set to maintain its position as the most significant region for floating production, storage, and offloading (FPSO) vessels, with 36 projects awarded or expected to be awarded between 2021 and 2030, totaling field greenfield commitments worth around $181 billion. Among these 36 projects, 25 have disclosed FPSO costs ranging... Continue Reading →
Feb. 26 (OE) Intermoor, Acteon’s Moorings and Anchors business been awarded a new contract by Petrobras for the provision of stack-up mooring system services in Brazil. This work will support light-workover interventions and abandonment operations on installed subsea Christmas trees across both anchored and dynamically positioned mobile offshore drilling units (MODUs) and well intervention vessels (WIVs).... Continue Reading →
Feb 25 (Reuters) - Oil major Shell, the healthier joint-venture partner in Brazilian sugar and ethanol producer Raizen, is ready to pour more resources into a recapitalization of the distressed company, three people familiar with the matter told Reuters. Raizen, a top global sugar maker, is in tough financial straits after posting a third-quarter net... Continue Reading →
Feb 25 (Reuters) - Portugal's largest power utility EDP on Wednesday reported a 44% rise in 2025 net profit, driven by robust earnings from its renewable arm, despite a decline in gains from divestitures of older renewable plants. Consolidated net profit rose to 1.15 billion euros ($1.36 billion). Subsidiary EDP Renovaveis, the world's fourth-largest wind energy producer,... Continue Reading →
Feb. 25 - BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), communicates its investors and the market in general that received the industry's top O&G award and reaches a level of worldwide excellence. For the first time, an independent Brazilian company wins the OTC Distinguished Achievement Award for Companies. The achievement stems from the development... Continue Reading →
Feb 24 (PN) Petrobras President Magda Chambriard announced that the company completed the anchoring of the P-79 floating production, storage and offloading (FPSO) vessel in the Búzios field, in the pre-salt layer of the Santos Basin, in record time. The activity was completed in just 12 days, an unprecedented milestone for the company among its... Continue Reading →
Feb. 23- ANP will hold a public hearing on March 13th to discuss the update of the Permanent Production Sharing Offer tender, with the inclusion of 15 new exploratory blocks. The current tender includes eight blocks (Jade, Ágata, Amazonita, Safira Leste, Safira Oeste, Larimar, Turmalina and Ônix). With the addition of the new blocks (Cruzeiro... Continue Reading →
Feb. 23 - Africa and South America are expected to lead high-impact exploratory drilling in 2026, with a forecast of 19 and 15 wells, respectively, according to the consulting firm Westwood Global Energy Group. In Brazil, the highlights are the Tupinambá well, from BP, and the Morpho well, from Petrobras. In total, the company estimates... Continue Reading →
Brazil Energy Insight 