Category: Brazil

Colombia seeks to join China-based development bank as Latin America drifts away from Washington

(AP) — Colombia's government has applied to join a China-based development bank, another sign of Latin America's drift away from the U.S. as the Trump administration's foreign aid cuts, trade barriers and crackdown on immigration spurs many leaders in the region to seek closer ties with Washington's geopolitical rival. Colombian President Gustavo Petro wrapped up a visit to China this... Continue Reading →

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P-80 FPSO set to work at world’s ‘largest deepwater field’ ready for next construction stage

(offshore-energy.biz) Singapore’s offshore marine solutions company PACC Offshore Services Holdings (POSH), part of the Kuok Maritime Group, has completed the towing of a hull for a floating production storage and offloading (FPSO) unit from China to Singapore. The vessel is slated to work at a Brazilian deepwater field with Brazil’s state-owned energy giant, Petrobras. Towed by... Continue Reading →

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Brava Energia Earnings Release 1Q25

Brava Energia (“Brava” or “the Company”) (B3: BRAV3) presents the results for the first quarter of 2025 (“1Q25”). The quarterly information for the 1Q25 is shown in comparison with the pro forma quarterly information for the 1Q24, considering the combined results of 3R Petroleum and Enauta prior to the effective merger date. The pro forma... Continue Reading →

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Petrobras informs about shareholder remuneration

Petrobras, pursuant to CVM Resolution No. 44/21, informs that its Board of Directors (CA), in a meeting held today, approved the payment of interim dividends and interest on equity in the amount of R$ 11.72 billion, equivalent to R$ 0.90916619 per outstanding common and preferred share, as an anticipation of the remuneration to shareholders, related... Continue Reading →

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Petrobras Financial Performance in 1Q25 

“The first quarter of 2025 was marked by positive results that reflect Petrobras' strong performance. We generated a higher cash flows, mainly due to a 5% increase in production volume compared to the previous quarter. This production growth was reflected in Adjusted EBITDA, which rose 46% compared to 4Q24.” Fernando Melgarejo, Chief Financial and Investor... Continue Reading →

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