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(agenciabrasil.com.br) Eletrobras reported a loss of R$81 million in the 1st quarter of 2025. According to the company, the result reflects the review carried out by the National Electric Energy Agency (Aneel) in the regulatory base of assets of Companhia Hidro Elétrica do São Francisco (Chesf), one of Eletrobras' main subsidiaries. "The impact of the... Continue Reading →
In the new era of austerity, project simplification and cost cutting announced by Petrobras, expenses with platform ships (FPSOs) will certainly be the center of attention of the company's board of directors. The company now aims to limit the amount paid for these platforms to US$ 3.5 billion. The oil company's Director of Engineering, Technology... Continue Reading →
Brava Energia (“Brava” or “the Company”) (B3: BRAV3) presents the results for the first quarter of 2025 (“1Q25”). The quarterly information for the 1Q25 is shown in comparison with the pro forma quarterly information for the 1Q24, considering the combined results of 3R Petroleum and Enauta prior to the effective merger date. The pro forma... Continue Reading →
Petrobras, pursuant to CVM Resolution No. 44/21, informs that its Board of Directors (CA), in a meeting held today, approved the payment of interim dividends and interest on equity in the amount of R$ 11.72 billion, equivalent to R$ 0.90916619 per outstanding common and preferred share, as an anticipation of the remuneration to shareholders, related... Continue Reading →
“The first quarter of 2025 was marked by positive results that reflect Petrobras' strong performance. We generated a higher cash flows, mainly due to a 5% increase in production volume compared to the previous quarter. This production growth was reflected in Adjusted EBITDA, which rose 46% compared to 4Q24.” Fernando Melgarejo, Chief Financial and Investor... Continue Reading →
By Haley Zaremba for Oilprice.com Nearly 90% of Brazil's electricity comes from renewables, making it a prime location for energy-intensive AI infrastructure. Amazon, Microsoft, and other tech giants are investing billions in Brazilian data centers powered by clean energy. Brazil aims to prove that a renewable-focused energy grid can sustain large-scale AI growth, challenging the... Continue Reading →
(Reuters) - Brazil announced two Chinese partnerships on Monday, including a $1 billion investment by China's Envision Energy to produce sustainable aviation fuel, as the country's president visits China. President Luiz Inacio Lula da Silva met with energy companies as well as with automaker GAC, and Chinese defense company Norinco. Minister of Mines and Energy... Continue Reading →
(OE) Offshore accommodation firm Prosafe has been declared the winner of a bidding process for a four-year contract by Petrobras, for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. Contract award and timing are subject to a formal process during which Petrobras is under no formal obligation to... Continue Reading →
(Reuters) - Britain has more than doubled funding available under a scheme seeking to spur investment in offshore wind projects to 544 million pounds ($721.78 million), after higher than expected demand, the government said on Friday. The country has put offshore wind at the heart of its 2030 clean energy plan and hopes to boost... Continue Reading →
(Reuters) EDP Renovaveis, the world's fourth largest wind energy producer, said on Thursday it expects core recurring profit to grow 13% in 2025 on the back of a solid operational performance, despite a 24% drop in net income in the first quarter. The renewables arm of Portugal's EDP said earlier that its first-quarter net profit fell to... Continue Reading →
