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June 23 (oilnow.gy) Venezuela’s efforts to restructure more than US$150 billion in sovereign and oil company debt could improve investor confidence in its energy sector, but obligations to China may complicate any final agreement, according to experts interviewed by S&P Global. The June 12 report noted that Venezuela’s total external debt is estimated at between... Continue Reading →
June 22 (Reuters) - Azule Energy, a joint venture between BP and Eni, and its partners have approved the $5.1 billion Greater PAJ offshore oil project in Angola, company and government officials said at a signing ceremony on Monday. Partners in the project, Angola's first integrated cross-block development, include Norway's Equinor, Angola's oil and gas agency... Continue Reading →
June 19, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors today approved the Final Investment Decision (FID) for the RPBC Biorefining project, which provides for the implementation of a dedicated plant for the production of bio-jet fuel and renewable diesel at the Presidente Bernardes Refinery (RPBC), located in Cubatão (São... Continue Reading →
June 19 (OE) The shareholder in offshore drilling contractor Vantage Drilling have approved its proposed merger with Norway-based Eldorado Drilling, advancing a transaction that values Vantage's equity at approximately $258 million. The approval was secured at a special general meeting held in Bermuda on June 18, where shareholders voted in favor of all resolutions related... Continue Reading →
June 18 - The Administrative Council for Economic Defense (CADE) approved, without restrictions, the acquisition of control of Brava Energia (BRAV3) by Ecopetrol, removing another regulatory step for the completion of the operation. The decision comes a day after Brava announced that the public takeover bid (OPA) launched by the Colombian oil company was temporarily... Continue Reading →
June 18 (offshoreWIND.biz) The US Department of the Interior (DOI) said on 17 June that it had reached an agreement with Invenergy under which the developer will relinquish four offshore wind leases in exchange for a USD 765 million (approximately EUR 664 million) reimbursement and redirect the capital into natural gas and geothermal energy projects.... Continue Reading →
June 16, 2026 – Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact published on 03/05/2026 and the Communication on 04/16/2026, informs that it will carry out, on 06/22/2026, the payment of the second installment of remuneration to shareholders related to the fourth quarter of 2025, with the shareholder position of 04/22/2026 as... Continue Reading →
June 15 - OceanPact has signed a R$ 443.7 million contract with Petrobras to perform specialized services for the removal and recovery of flexible pipelines as part of the decommissioning of offshore production units. The work will be carried out on the risers of the P-18 platform, located in the Marlim Field, Campos Basin. The... Continue Reading →
June 12 (Reuters) - Brazilian refineries sold over 100 million liters of naphtha to a firm investigated in an alleged fraud scheme involving a criminal gang designated by the U.S. as a terrorist organization, according to a person close to the matter and documents seen by Reuters. One major supplier was Riograndense, a refinery in... Continue Reading →
June 10 (Reuters) Britain has offered grid connections to more than 700 projects, the country's power planning body said on Wednesday, under a reformed allocation system expected to help unlock up to £40 billion in annual clean power investment. The allocations follow recent reforms replacing a "first come, first served" connection system that had led to bottlenecks, said... Continue Reading →
Brazil Energy Insight 