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April 10 - Portuguese engineering company Mota-Engil announced it has signed a new contract with Petrobras worth R$728 million for the execution of services related to the decommissioning of subsea systems in the Campos Basin. The agreement involves engineering, preparation, removal, and final disposal of offshore structures. With an estimated duration of 1,825 days, the... Continue Reading →
April 10 (Reuters) - Vineyard Wind has filed a lawsuit seeking to block a wind turbine-supplying unit of GE Vernova from terminating agreements and abandoning work on a $4.5 billion offshore wind farm in Massachusetts on the eve of completion. Vineyard Wind, a joint venture between Spain's Iberdrola and Denmark's Copenhagen Infrastructure Partners, filed a lawsuit this week in... Continue Reading →
April 10 - Subsea7 wins a supermajor contract by Petrobras for the development of the Sépia 2 field in the Santos Basin offshore Brazil. The contract, awarded following a competitive tender, covers engineering, procurement, fabrication, installation and pre-commissioning of subsea umbilicals, risers and flowlines for the project. The company deemed the contract as supermajor, meaning... Continue Reading →
April 9, 2026 – Petróleo Brasileiro S.A. – Petrobras, following up on the announcement made on March 16, 2026, announces that it signed contracts today with Petronas Petróleo Brasil Ltda. for the acquisition of 50% interests in the Tartaruga Verde and Espadarte – Module III fields, located in the Campos Basin. Upon completion of the... Continue Reading →
April 9 (Reuters) - Chevron said on Thursday it expected first-quarter upstream earnings to rise between $1.6 billion and $2.2 billion from the previous quarter, fueled by higher oil prices due to the Iran war, though an impact from hedging could weigh on results. The U.S. oil major said timing effects tied to hedging and accounting were... Continue Reading →
April 9 (oilprice.com) The latest global oil shock has created an ideal environment for Suriname’s struggling oil boom. The impoverished South American country of less than seven hundred thousand is endeavoring to launch a transformative oil boom. Poor drilling results, a high gas-to-oil ratio, and conflicting seismic data saw Suriname’s oil boom put on hold during 2022. There are,... Continue Reading →
April 9 (Reuters) A Brazilian federal court has issued an injunction exempting TotalEnergies, Repsol Sinopec, Galp's Petrogal, Shell and Equinor from a tax on crude oil exports, a court document seen by Reuters shows. The Tuesday decision says a 12% tax enacted about a month ago as oil prices spiked due to the U.S.-Israeli war... Continue Reading →
April 8 (Reuters) - Higher oil and gas prices due to the U.S.-Israeli war on Iran could boost Exxon Mobil's first-quarter upstream earnings by up to $2.9 billion, outweighing the impact of disruptions to some of its oil and gas production in the Middle East, the U.S. oil producer said on Wednesday. Downstream earnings, however, could see a... Continue Reading →
April 6 (oilprice.com) Oil price shocks since the U.S. and Israel first struck Iran, the world’s fifth-largest oil producer, have global markets on edge. The sudden energy crisis, which emerged after Iran closed the Strait of Hormuz, preventing the passage of around a fifth of the world’s oil supply, emphasizes the importance of petroleum production in... Continue Reading →
April 6 (Reuters) France announced tenders for seven offshore wind projects totalling 10 gigawatts on Thursday as well as smaller solar and onshore wind tenders, adding the country will favour homegrown technologies in its bid to achieve energy sovereignty. The tenders are two years late due to political gridlock over financing renewables as France struggles... Continue Reading →
Brazil Energy Insight 