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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 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of August. Key: (1) At the Polvo and Tubarão Martelo cluster, production was affected by the shutdown of TBMT-6H well due to the failure of the Submerged Centrifugal... Continue Reading →
Sept. 2 (OE) Altera Infrastructure has entered into an agreement to sell its entire floating production, storage and offloading (FPSO) business to global investment firm Carlyle. The acquired business includes Altera’s full FPSO portfolio, the floating storage and offloading (FSO) unit Yamoussoukro and the 50% ownership in the joint venture Altera&Ocyan. The portfolio includes the... 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 →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), informs its investors and the market in general the preliminary and unaudited production data for the month of August 2025. The Company achieved an average daily production of 92.4 thousand boe in August, a 1.6% increase over the previous month, renewing its all-time production record for the... Continue Reading →
Sept. 1 (Agencia Brasil) In July, Brazil surpassed the 5 million barrels of oil and natural gas production per day mark for the first time in history. The record 5.160 million was announced this Monday (1st) by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the oil and gas industry regulator. Regarding oil... 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 - MODEC, a global leader in the construction, chartering, and operation of floating oil and gas production platforms, has taken another step toward decarbonizing its operations. The company has signed a contract with Norwegian Eld Energy to test a pilot system of solid oxide fuel cells (SOFCs), which generate energy without combustion. One... Continue Reading →
Aug.28 (TN) OneSubsea delivered the first wet Christmas tree (WCTN) for Petrobras' Búzios 11 project in a ceremony held at the multinational's factory in Taubaté, São Paulo, fulfilling the contractual deadline established between the parties. The contract with the Brazilian operator, signed in 2023, provides for the supply of 15 WCTNs and electro-hydraulic distribution units,... 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 