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June 4 - SBM Offshore announces that it has entered into a shareholders’ agreement with its long-standing business partner Nippon Yusen Kabushiki Kaisha (NYK) with the intention to divest a 45% ownership interest in the special purpose companies related to the lease and operation of the FSO Chalchi. SBM Offshore will remain the majority shareholder... Continue Reading →
May 26 (Reuters) - Occidental Petroleum is acquiring a 10% stake in Exxon Mobil’s deepwater exploration block offshore Trinidad and Tobago, according to two people familiar with the matter. Exxon was previously the sole owner of the large offshore block, known as UD(1), which lies in water depths of 2,000 to 3,000 meters and was first acquired... Continue Reading →
Rio de Janeiro, May 20, 2026 –Petróleo Brasileiro S.A. – Petrobras (“Petrobras”), further to its release dated December 16, 2025, announces that it has completed the acquisition of a 49.99% equity interest in Lightsource bp’s subsidiaries in Brazil, establishing a strategic partnership in onshore renewable energy in the country, including energy storage. The partnership is... Continue Reading →
May 20 (OE) QatarEnergy has acquired participating interests in three exploration blocks offshore Uruguay from BG International Limited, a subsidiary of Shell. Under the agreements, QatarEnergy has acquired an 18% interest in block ‘OFF-4’, while Shell held 32%, and APA Corporation (the operator) retained the remaining 50%. QatarEnergy has also acquired a 30% interest in... Continue Reading →
May 18 (Reuters) - U.S. power companies NextEra Energy and Dominion Energy announced a plan to merge on Monday in a $66.8 billion deal that will form one of the world's largest electric utilities during an expansion of energy-intensive data centers to support artificial intelligence. The all-stock transaction, which is pending regulatory approvals, is one... Continue Reading →
May 18 (OE) JHI Associates had obtained a final court order from the Ontario Superior Court of Justice approving Eco (Atlantic) Oil & Gas' proposed acquisition of the company. The company said the court approval follows unanimous shareholder backing for the transaction at a May 12 meeting, where 100% of votes cast supported the arrangement.... Continue Reading →
May 7 (Reuters) Dutch floating production specialist SBM Offshore raised its 2026 revenue guidance on Thursday after first-quarter directional revenue more than tripled, driven mainly by its turnkey business and the sale of One Guyana. The company sold One Guyana, a floating production, storage and offloading vessel (FPSO), to ExxonMobil in February for $2.3 billion.... Continue Reading →
Rio de Janeiro, May 6, 2026 – Brava Energia ("Brava" or "Company") (B3: BRAV3) herein presents its results for the first quarter of 2026 ("1Q26"): 1Q26 HIGHLIGHTS AND SUBSEQUENT EVENTSEvolving across all business fronts Operational highlights: Strong production performance and efficiency - Average quarterly production of 76.0 kboe/d in 1Q26, +7% Y/Y. - Resumption of production at... Continue Reading →
April 27, 2026 – Petróleo Brasileiro S.A. – Petrobras announces that it has entered into an agreement to acquire 100% of a portion of the ring-fence of the Argonauta Field (BC-10 Concession) in the Campos Basin, currently held by Shell (Shell Brasil Petróleo Ltda.), ONGC (ONGC Campos Ltda.), and Brava (Enauta Petróleo e Gás Ltda.).The... Continue Reading →
April 13 (Reuters) - Baker Hughes said on Monday it will sell its unit, Waygate Technologies, to Sweden-based Hexagon ( for about $1.45 billion in cash, as the oilfield services provider reorganizes its business to focus on high-growth areas. The deal is part of Baker Hughes' efforts to reshape its business by shedding non-core assets and shifting focus... Continue Reading →
Brazil Energy Insight 