Cade approves Petrobras’ entry into the Itaimbezinho block, reinforcing natural gas strategy in the Campos Basin

July 2 (cenarioenergia) - The Administrative Council for Economic Defense (Cade) has approved, without restrictions, Petrobras' entry into the Itaimbezinho exploration block, located offshore in the Campos Basin and contracted under the production-sharing regime. The transaction involves acquiring a 50% stake currently held by Equinor—a move that reinforces the Petrobras' strategy to expand its exploration... Continue Reading →

July 3, 2026 0

SBM Offshore completes US$465 million financing of FSO Chalchi

Amsterdam, June 29, 2026 SBM Offshore announces it has signed the project financing of FSO Chalchi for a total amount of US$465 million.The project financing is provided by a consortium of international banks and institutional investors and includes partial insurance cover from China Export & Credit Insurance Corporation. The project financing will be drawn during... Continue Reading →

June 29, 2026 0

Petronas Makes New Gas Discovery Offshore Suriname

June 24 (Reuters) Malaysia's state-controlled energy producer Petronas has made another gas discovery at offshore Block 52 in Suriname, the South American country's President Jennifer Simons said on Tuesday, while a company executive said the block's eight discoveries contain more than 1 billion barrels of oil equivalent. Suriname is seeking to follow neighbouring Guyana's transformation... Continue Reading →

June 24, 2026 0

Azule Energy gives final go-ahead to $5.1 billion Angola offshore project

June 22 (Reuters) - Azule Energy, a joint venture between BP and Eni, ‌and its partners have approved the $5.1 billion Greater PAJ offshore oil project in Angola, company and government officials said at a signing ceremony on Monday. Partners in the project, Angola's first integrated cross-block development, include Norway's Equinor, Angola's oil and gas agency... Continue Reading →

June 22, 2026 0

Trump Administration Strikes New Offshore Wind Lease Buyback Deal, Invenergy Agrees to Exit Four Projects

June 18 (offshoreWIND.biz) The US Department of the Interior (DOI) said on 17 June that it had reached an agreement with Invenergy under which the developer will relinquish four offshore wind leases in exchange for a USD 765 million (approximately EUR 664 million) reimbursement and redirect the capital into natural gas and geothermal energy projects.... Continue Reading →

June 18, 2026 0

Venezuela moves pacts forward with Shell, including Loran gas field

June 11 (Reuters) - Venezuela signed five agreements with ‌British oil major Shell on Thursday to advance oil and gas projects, including the company's participation in the coveted 7-trillion-cubic-feet Loran offshore gas field, the government said. The country had signed preliminary agreements for these and other projects earlier this year with Shell, one of the few... Continue Reading →

June 12, 2026 0

Brava Energia Production Data May 2026

June 4 - BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), informs its investors and the market in general of the preliminary and unaudited production data for the month of May 2026. Potiguar – The Company has been gradually resuming operations at the facilities that were suspended in October 2025 following an audit conducted by the... Continue Reading →

June 4, 2026 0

SBM Offshore signed contracts for Petrobras’ FPSOs SEAP-I and SEAP-II

May 29, 2026 SBM Offshore announces that it has been awarded contracts by Petróleo Brasileiro S.A. (Petrobras) for two FPSO projects located in the Sergipe-Alagoas basin, located in the northeastern part of Brazil. Under these contracts, SBM Offshore will design, build and operate FPSOs SEAP-I and SEAP-II. The consortia led by Petrobras will own the... Continue Reading →

May 29, 2026 0

Petrobras Announces R$60 Billion Investment for Sergipe Deepwater Project and Pipeline Tender in 2026

May 28 - Petrobras announced investments of approximately R$60 billion in Sergipe as part of the Sergipe Deepwater Project (SEAP), an initiative that should increase the Northeast's share of the national natural gas supply from the current 16% to 31% by 2035. The information was announced by the state-owned company's president, Magda Chambriard. The SEAP... Continue Reading →

May 29, 2026 0

Suriname’s Block 52 Could Become Commercial in 18 Months

My 28 (Reuters) Malaysia's oil and gas producer Petronas is exploring for oil at offshore Block 52 in Suriname, which was declared commercially viable for the development of natural gas late last year following large discoveries in the area, the managing director of state company Staatsolie said on Wednesday. "We hope also to somewhere in... Continue Reading →

May 28, 2026 0

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