Brought to you by Quest Offshore & Southern Cone Consultants
Sept 4 (Reuters) - Danish offshore wind developer Orsted and the states of Rhode Island and Connecticut announced lawsuits against the Trump administration on Thursday, alleging its decision to block construction of the nearly finished Revolution Wind project is illegal. The separate complaints are the latest twist in a saga that started last month when U.S.... Continue Reading →
Sept. 4 (Reuters) Azule Energy, the joint venture between Italian oil and gas explorer Eni and BP, expects to invest another $5 billion in Angola over the next four to five years, Eni's Chief Operating Officer Guido Brusco told Reuters on Wednesday. The latest investment in both new and existing projects will match investments in... Continue Reading →
September 3, 2025 – Petróleo Brasileiro S.A. – Petrobras, following up on the statement disclosed on September 3, 2025, announces the pricing of two series of global notes denominated in U.S. Dollars (the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The Notes will be unsecured obligations of PGF and... Continue Reading →
September 3, 2025 – Petróleo Brasileiro S.A. – Petrobras announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced an offering of two new series of U.S. dollar-denominated global notes in the international capital markets (the “Notes”), subject to market and other conditions. The Notes will be unsecured obligations of PGF and will... Continue Reading →
Sept. 3 (Reuters) Mexican state oil company Pemex signed its first mixed contracts with private sector partners in a bid to reverse declining hydrocarbon production, according to President Claudia Sheinbaum's government report delivered to Congress. The 11 deals, signed under a new contractual framework stemming from the latest energy sector reform, mark the initial phase... Continue Reading →
Sept. 2 (OE) TechnipFMC has secured two subsea contracts from Brazil’s state-controlled oil company Petrobras to supply flexible pipe systems for projects in the Santos and Campos basins. The first award, classed by TechnipFMC as ‘substantial’ and valued between $250 million and $500 million, covers the design, engineering and manufacture of flexible gas injection risers.... Continue Reading →
Aug. 29 (Reuters) -Brazil plans to announce a tax incentive plan in early September aimed at attracting foreign tech companies to build data centers in the country, two economic policy officials told Reuters. The sources, who requested anonymity to discuss the confidential plans, said the "Redata" program is designed to build goodwill with big tech... Continue Reading →
Aug 29 (Reuters) - Brazil's state-run oil firm Petrobras has been receptive to a proposal by IG4 Capital to take over engineering group Novonor's controlling stake in Latin America's largest petrochemical company, Braskem, four people familiar with the talks told Reuters. Petrobras, Braskem's second-largest shareholder, holds a right of first refusal for Novonor's stake under... Continue Reading →
Sept. 1 (OE) U.S.-based subsea services and technology firm Oceaneering International has through its Brazilian subsidiary Marine Production Systems do Brasil (MPS) secured multiple subsea robotics contracts from Petrobras. The contracts were awarded during the second quarter of 2025, following a competitive tender. The anticipated aggregate revenue of the contracts is approximately $180 million. Oceaneering... Continue Reading →
Aug. 28 (PN) Karoon announced to the market that it intends to invest between US$55 million and US$65 million in 2026 in a revitalization campaign for the FPSO Cidade de Itajaí, used in the Baúna field in the Santos Basin. Additionally, the company estimates spending approximately US$80 million to US$90 million between 2030 and 2034,... Continue Reading →
Brazil Energy Insight 