Petróleo Brasileiro S.A. – Petrobras, following up on the Material Facts disclosed on May 26, 2025, and May 28, 2025, announces that it has filed today with the Brazilian Securities and Exchange Commission (“CVM”) the registration request for the public offering of simple debentures, not convertible into shares, in up to three series, unsecured, of... Continue Reading →
How Suriname compares to Guyana: Lessons from a neighbor’s oil journey
(oilnow.gy) Just across the Corentyne River, Suriname is watching. It has seen Guyana go from oil discovery to oil power in less than a decade, GDP booming, rigs multiplying and an international attention growing. But where Guyana surged ahead, Suriname is moving with caution. Guyana’s momentum was driven by multiple factors: a stable investment climate, a business-friendly... Continue Reading →
Moody’s lowers Brazil outlook to stable
(Reuters) - Moody's Ratings on Friday changed its outlook on Brazil to stable from positive while affirming its Ba1 ratings, citing "slower-than-expected progress in addressing spending rigidity and building credibility around fiscal policy." In its report, Moody's, which had upgraded Brazil in October to the Ba1 sovereign rating - one step from investment grade -... Continue Reading →
Brazil’s debt issuance cost rises to highest level in more than eight years
(Reuters) - The average cost of Brazil's domestic debt issuance rose to the highest level in more than eight years, Treasury data showed on Wednesday, as elevated interest rates and persistent inflation continue to weigh on the country's debt profile. The cost reached 13.05% in April, up from 12.61% the previous month and the highest... Continue Reading →
Petrobras approves public offering of debentures
Petróleo Brasileiro S.A. – Petrobras announces that its Executive Board, in a meeting held on this date, pursuant to item VII of Article 34 of its Bylaws, approved the 8th (eighth) issuance of simple debentures, not convertible into shares, in up to three series, unsecured, in the total amount of R$ 3,000,000,000.00 (three billion reais)... Continue Reading →
Gazelle Secures New Funding for 2 MW Floating Wind Demo Project
(offshoreWIND.biz) Gazelle Wind Power has secured an investment for business growth and the development of its 2 MW floating wind demonstrator project in Portugal. The EUR 2 million investment was closed with Banco Português de Fomento (BPF) through the Deal-by-Deal Co-Investment Programme, in partnership with Indico Capital Partners. According to BPF, the investment will allow... Continue Reading →
Scana firm wins multi-million deal for E-house modules offshore Brazil
(offshore-energy.biz) PSW Power & Automation, a subsidiary of Norway-headquartered offshore energy technology and services provider Scana, has secured a contract valued between NOK 75 million (around $7.3 million) and NOK 150 million for an offshore project in Brazil involving the delivery of two E-House modules. According to Scana, the scope includes the design, manufacture, and... Continue Reading →
Petrobras starts operations at the new Diesel Hydrotreatment Unit at Replan
Petróleo Brasileiro S.A. – Petrobras announces that it has started operations at a new Diesel Hydrotreatment Unit at the Paulínia Refinery (Replan), in São Paulo. The operation began three months ahead of the date originally scheduled in the feasibility study, and the project was executed within the approved investment level at the time. With the... Continue Reading →
Petrobras clarifies negotiations with the State of Rio de Janeiro to refinance debts
Petróleo Brasileiro S.A. – Petrobras, in relation to reports in the press about negotiations to refinance tax disputes with the state of Rio de Janeiro, clarifies that the amounts mentioned in the reports are not debt, but rather amounts under discussion in administrative and judicial proceedings, motivated by differences of understanding between the state tax... Continue Reading →
Saipem Hires AIS Bardot to Supply Equipment for Deepwater Project off Angola
(OE) AIS Bardot, a supplier of subsea umbilicals, risers and flowlines, has secured a contract from Saipem for TotalEnergies’ Kamiho deepwater oil and gas project, off Angola. The contract is for the manufacture and supply of three complete hybrid riser lines of 100 meters each. The riser lines will be used to pump seawater to... Continue Reading →