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Nov 11 (Reuters) - Brazilian engineering group Novonor is close to reaching an agreement to sell most of its controlling stake in petrochemical firm Braskem to IG4 Capital, four sources familiar with the matter told Reuters. Sao Paulo-listed Braskem shares soared more than 17% on Tuesday following a Bloomberg News report on the potential deal,... Continue Reading →
Nov 11 (Reuters) - Oil producers TotalEnergies, QatarEnergy and Petronas have signed a five-year agreement with Guyana's government to explore a shallow-water block, authorities and company executives said on Tuesday. Guyana has struggled to diversify its energy industry, currently dominated by a consortium that is led by U.S. Exxon Mobil and that has controlled all crude... Continue Reading →
Nov 7 (Reuters) - Brazil's Petrobras expects annual capital expenditures to be between the midpoint and top of its current estimates, as it rolls out investments faster than expected, the state-run oil company's chief financial officer said on Friday. After investing $5.5 billion in the third quarter, Petrobras' cumulative capex for the first nine months of 2025 reached... Continue Reading →
Nov 7 (Reuters) - Argentine state-controlled energy company YPF (YPFDm.BA), opens new tab swung to a net loss of $198 million in the third quarter, the company said on Friday, saying the loss reflected a deferred tax charge. The company's adjusted earnings before interest, tax, depreciation and amortization (EBITDA), a key measure of industry profitability, stood at... Continue Reading →
Nov. 7 (oilprice.com) Oil production from offshore Brazil, Guyana and Suriname, as well as Argentina’s Vaca Muerta shale is well-positioned to supply cost-competitive barrels until 2030. Global oil demand is expected to remain robust throughout the 2030s, putting pressure on currently producing assets to keep pace. Rystad Energy’s research forecasts global liquids demand to peak... Continue Reading →
Nov. 6 - PetroReconcavo reports a net profit of R$ 121.9 million in the third quarter of 2025 (Q3 2025), a 23% decrease year-over-year. The lower profit followed a 2% decrease in net revenue, which stood at R$ 786.3 million. PetroReconcavo's average production was 26,400 barrels of oil equivalent (“boe”) per day, a 3% decrease... Continue Reading →
November 6, 2025 – Petrobras informs that its Board of Directors (CA), in a meeting held today, approved the payment of interim dividends in the amount of R$ 12.16 billion, equivalent to R$ 0.94320755 per common and preferred share in circulation, as an anticipation of the remuneration to shareholders related to the fiscal year 2025,... Continue Reading →
Nov. 6 - Petrobras achieved a net profit of R$ 32.7 billion (US$ 6 billion) in the third quarter of 2025. Compared to the second quarter of 2025, profit grew by 23%. The operational performance of this quarter, driven by oil and gas production of 3.14 MMboed (million barrels of oil equivalent per day), led... Continue Reading →
Nov. 6 (offshoreWIND.biz) The 3.6 GW Dogger Bank Wind Farm, which will become the world’s largest offshore wind farm once fully operational, will boost the UK economy by GBP 6.1 billion (approximately EUR 6.9 billion) during its lifetime and support thousands of UK jobs over the next decade, according to a report written by BVG... Continue Reading →
Nov. 6 - Rio de Janeiro, November 5, 2025 – Brava Energia (“Brava” or “Company”) (B3: BRAV3) herein presents its results for the third quarter of 2025 (“3Q25”), presented in comparison with the pro forma¹ quarterly information for the 3Q24, considering the combined of 3R Petroleum and Enauta. ¹corresponding to the stake held by the... Continue Reading →
Brazil Energy Insight 