Brought to you by Quest Offshore & Southern Cone Consultants
May 13 (Reuters) - Venezuela on Wednesday launched a restructuring of its sovereign debt and that of state oil firm PDVSA, lifting bond prices, as it seeks relief from what it called unsustainable obligations. In a statement, the government said the “comprehensive and orderly” overhaul would cover both sovereign debt and that of PDVSA and... Continue Reading →
May 13 - Petrobras' president, Magda Chambriard, stated that the state-owned company will send delegations from the refining and oil exploration and production areas to Mexico to assess potential business opportunities in partnership with the state-owned Pemex. The new visit of Petrobras representatives to Mexico occurs a few weeks after Chambriard visited the country last... Continue Reading →
May 11 (Reuters) - Peru's government has authorized state-run oil firm Petroperu to seek $2 billion in state-insured loans to ensure the continuity of its operations, according to an emergency decree published on Monday. Petroperu, burdened with massive debt and undergoing a fragmented restructuring process, warned last month it needed the funds to avoid halting fuel... Continue Reading →
May 4 (Reuters) - When potential providers and financiers for Venezuela's electric industry, including Siemens Energy and GE Vernova, held meetings with officials in Caracas in April, questions of how they might get paid to shore up the country's deteriorated grid were top of mind, two sources involved in the talks said. Those executives came away... Continue Reading →
May 4 (Reuters) President Donald Trump's administration has brought U.S. onshore wind development to a halt, citing national security concerns, the Financial Times reported on Sunday. Approvals for about 165 onshore wind projects on private lands are being held up by the Pentagon, FT said, citing the American Clean Power Association and people close to the matter. The affected... Continue Reading →
May 4 (Reuters) Guyana has asked judges at the International Court of Justice to rule that Venezuela does not have a legitimate claim on the potentially oil-rich region around the Esequibo river, which has been the subject of a dispute between the Latin American neighbours since colonial days. "Facing a larger and more powerful neighbour's designs... Continue Reading →
April 30 (offshoreWIND.biz) Virginia Governor Abigail Spanberger has signed House Bill 67 (HB67), which introduces a measure focused on assessing workforce and training needs for the offshore wind sector and aligning workforce development efforts with its specific demands. The bill, which passed both the Virginia House of Delegates and the State Senate in March, requires the... Continue Reading →
April 26 (Reuters) - Brazilian fuel and sugar company Raizen sent an alternative proposal to creditors as it tries to iron out terms of a 65 billion-real ($13.05 billion) debt restructuring, Bloomberg News reported on Sunday. The company told creditors it is in talks to raise up to 5 billion reais in fresh capital, the report... Continue Reading →
April 24 (OE) Helix Energy Solutions and Hornbeck Offshore Services have agreed to combine in an all-stock transaction to create an integrated offshore services company. Under the agreement, Hornbeck shareholders will own about 55% of the combined company, while Helix shareholders will hold around 45%. The combined company will operate under the Hornbeck Offshore Services... Continue Reading →
April 23, 2026 – Petróleo Brasileiro S.A. - Petrobras, following up on the announcement of April 20, 2026, informs that it has sent a notification to Novonor S.A. – Em Recuperação Judicial (“Novonor”), formally stating its decision not to exercise the Preemptive and Tag Along Rights provided for in the current Braskem S.A. (“Braskem”) Shareholders’ Agreement.... Continue Reading →
Brazil Energy Insight 