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By Haley Zaremba for Oilprice.com Nearly 90% of Brazil's electricity comes from renewables, making it a prime location for energy-intensive AI infrastructure. Amazon, Microsoft, and other tech giants are investing billions in Brazilian data centers powered by clean energy. Brazil aims to prove that a renewable-focused energy grid can sustain large-scale AI growth, challenging the... Continue Reading →
(Reuters) - Brazil announced two Chinese partnerships on Monday, including a $1 billion investment by China's Envision Energy to produce sustainable aviation fuel, as the country's president visits China. President Luiz Inacio Lula da Silva met with energy companies as well as with automaker GAC, and Chinese defense company Norinco. Minister of Mines and Energy... Continue Reading →
(OE) Offshore accommodation firm Prosafe has been declared the winner of a bidding process for a four-year contract by Petrobras, for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. Contract award and timing are subject to a formal process during which Petrobras is under no formal obligation to... Continue Reading →
(Reuters) - The board of directors of Brazilian chemical firm Unigel on Friday approved a deal proposed by oil giant Petrobras to settle legal disputes over fertilizer plants in northeastern Brazil, two sources familiar with the matter said. The deal would allow state-run Petrobras to work on resuming operations of the two plants in the states of Sergipe and Bahia,... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, further to the material facts disclosed on December 27, 2024, January 10, 2025, and March 6, 2025, hereby informs its investors and the general market that, today, the Company has decided to terminate the negotiations related to the divestment process onshore... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has identified the presence of high-quality oil with no contaminants in the pre-salt of Santos Basin, in an exploratory well in Aram block. Well 3-BRSA-1396D-SPS is located 248 km from the city of Santos-SP, at a water depth of 1,952 meters. The drilling of this well has... Continue Reading →
TechnipFMC has signed a technology agreement with Petrobras to accelerate the development and commercialization of the so-called Hybrid Flexible Pipe (HFP) as a definitive standardized solution to address a well-known problem in the offshore industry: stress corrosion cracking caused by CO₂ (SCC CO₂) in flexible pipelines. The new technology is designed to withstand corrosive environments... Continue Reading →
(eixos) Petrobras CEO Magda Chambriard confirmed that the company's Energy Transition and Sustainability Director, Maurício Tolmasquim, is leaving his position. The decision comes after Tolmasquim was appointed to the Board of Directors of Eletrobras by President Luiz Inácio Lula da Silva. Magda Chambriard spoke to the press during her participation in the Offshore Technology Conference... Continue Reading →
PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3) announces its earnings for the first quarter of 2025. HIGHLIGHTS OF THE YEAR Click here for the Earnings Release.
(Reuters) Brazil's Petrobras is looking to attract foreign investments to boost local shipyards, said the state-run oil firm's CEO Magda Chambriard on Tuesday. Petrobras is looking for strong companies to partner with shipyards to build more ships locally, said Chambriard, who recently visited China and discussed the matter with government officials and firms. "We are... Continue Reading →
Brazil Energy Insight 