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May 13 (Reuters) - Venezuela on Wednesday launched a restructuring of its sovereign debt and that of state oil firm PDVSA, lifting bond prices, as it seeks relief from what it called unsustainable obligations. In a statement, the government said the “comprehensive and orderly” overhaul would cover both sovereign debt and that of PDVSA and... Continue Reading →
Rio de Janeiro, May 11, 2026 – Petróleo Brasileiro S.A. – Petrobras, pursuant to CVM Resolution No. 44/21, informs that its Board of Directors, in a meeting held today, approved the payment of shareholder remuneration in the amount of R$ 9.03 billion, equivalent to R$ 0.70097272 per outstanding common and preferred share, as an anticipation... Continue Reading →
Rio de Janeiro, May 11, 2026 “We delivered consistent financial results in the first quarter of 2026, maintaining strong cash generation with operating cash flow of US$ 8.4 billion, sustained by the excellent performance of our assets and by record oil and gas production. Our investments are being converted into production growth, vindicating our solid... Continue Reading →
May 11 (Reuters) - Peru's government has authorized state-run oil firm Petroperu to seek $2 billion in state-insured loans to ensure the continuity of its operations, according to an emergency decree published on Monday. Petroperu, burdened with massive debt and undergoing a fragmented restructuring process, warned last month it needed the funds to avoid halting fuel... Continue Reading →
Seadrill has secured more than $860 million in new contract backlog since February fleet status report, driven by offshore drilling awards and extensions in Brazil, the U.S. Gulf and Angola, lifting its total contract backlog to about $3.1 billion. The offshore drilling contractor said recent awards included a three-year extension for the West Polaris drillship... Continue Reading →
May 8 (Reuters) - Neoenergia, the Brazilian unit of Spain's Iberdrola, plans to invest 50 billion reais ($10 billion) in its five power distribution companies by 2030 as it seeks to expand in the sector, CEO Eduardo Capelastegui said. The investment plan, an 82% increase from the previous five-year period, comes alongside the renewal of... Continue Reading →
May 7 (Reuters) - A series of well-timed market bets on falling oil prices totalling as much as $7 billion during March and April spread across multiple exchanges and types of fuel and derivatives just before major Iranian policy announcements by U.S. President Donald Trump, according to traders, market experts and Reuters analysis of exchange... Continue Reading →
May 7 (Reuters) - Shell's first-quarter profit beat estimates and hit its highest in two years at $6.9 billion on Thursday, boosted by gains linked to the Middle East war, prompting it to raise the dividend by 5%. At the same time, it cut its quarterly share buyback programme to $3 billion from $3.5 billion to preserve... 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 →
Brazil Energy Insight 