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(Reuters) Portugal's Galp expects to boost its oil and gas production in Brazil by around 40% over the next few years, when the promising offshore field Bacalhau reaches peak output, executive board member Nuno Bastos told reporters. Galp produces 110,000 barrels of oil equivalent per day (boepd) in Brazil through a 70%-30% joint venture with... Continue Reading →
(Reuters) - Brazilian electric company Eletrobras has tapped investment bank BTG Pactual (BPAC3.SA), opens new tab to advise on the sale of its remaining stake in state-run nuclear power generator Eletronuclear, said three sources familiar with the deal. Following its privatization in 2022, Eletrobras ceased to be the controlling owner of Eletronuclear but remained a minority partner... Continue Reading →
(offshore-energy.biz) PSW Power & Automation, a subsidiary of Norway-headquartered offshore energy technology and services provider Scana, has secured a contract valued between NOK 75 million (around $7.3 million) and NOK 150 million for an offshore project in Brazil involving the delivery of two E-House modules. According to Scana, the scope includes the design, manufacture, and... Continue Reading →
(PN) The Portuguese company Mota-Engil, through its subsidiary in Brazil, Empresa Construtora do Brasil, has signed a new contract with Petrobras worth approximately R$1.61 billion (around 250 million euros). The agreement will have an estimated duration of 48 months and involves the execution of a series of maintenance, construction and assembly services on offshore oil... Continue Reading →
(PN) British company BP has taken new steps in its exploratory activities in Brazil. This week, the company began drilling the wildcat well 1-BP-13-SPS, in the Bumerangue block, in the pre-salt layer of the Santos Basin. The activity is being carried out in a water depth of 2,372 meters with the drillship Valaris Renaissance. The... Continue Reading →
(globaltimes.cn) Peru's minister of economy and finance emphasized the importance of coordinating and planning a meeting between the governments of Brazil and Peru, along with the Chinese delegation to advance a cross-continental railroad connecting Peru's Pacific coast with Brazil's Atlantic coast, Peru's Ministry of Economy and Finance posted on social media platform X on Tuesday.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that it has started operations at a new Diesel Hydrotreatment Unit at the Paulínia Refinery (Replan), in São Paulo. The operation began three months ahead of the date originally scheduled in the feasibility study, and the project was executed within the approved investment level at the time. With the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to reports in the press about negotiations to refinance tax disputes with the state of Rio de Janeiro, clarifies that the amounts mentioned in the reports are not debt, but rather amounts under discussion in administrative and judicial proceedings, motivated by differences of understanding between the state tax... Continue Reading →
(PN) Petrobras is expanding its exploration efforts in the promising Aram block, located in the pre-salt layer of the Santos Basin. In recent days, the company began drilling a new well in the area, named 3-BRSA-1399-SPS, in a water depth of 1,866 meters. The operation is being conducted by the Valaris DS-4 drillship. In addition... Continue Reading →
(Reuters) - Brazilian businessman Nelson Tanure has made an offer to acquire a controlling stake in Braskem, a securities filing showed on Friday, confirming local media and Reuters reports that cited sources earlier in the day. The tycoon is looking to acquire conglomerate Novonor's (ODBES.UL) stake in Braskem for an undisclosed value, according to the... Continue Reading →
Brazil Energy Insight 