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(Reuters) Venezuelan President Nicolas Maduro said he would authorize oil exploration in an area subject to a dispute with Guyana, which said it would report his comments to the United Nations and the International Court of Justice (ICJ). Maduro's pledge to permit development around the Esequibo river came after his government held a referendum over the weekend... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Extraordinary General Meeting held yesterday (11/30) deliberated and approved, by majority, the following. EXTRAORDINARY GENERAL MEETING Reform of Petrobras' Bylaws and consequent consolidation of the Bylaws, in order to amend articles 22, 23, 25, 28, 29, 30, 34, 36, 40, 43 and 56 in accordance with the... Continue Reading →
(OW) The International Marine Contractors Association (IMCA) has published the “industry’s first” standard contract for transport and installation (T&I) works in offshore wind projects. The contract has been written to ensure a fairer allocation of risk, IMCA said. Building on the organisation’s contracting principles release in January, its publication comes on the heels of an... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras (“Petrobras” or “Company”) informs that it was notified of the decision made by the Minister Rapporteur of the Federal Court of Auditors (“TCU”) within the scope of the process TC 037.414/2023-2, regarding the Extraordinary General Meeting (“AGE”) for changes to its Bylaws (“Bylaws”). The Minister Rapporteur of the TCU, following the... Continue Reading →
(Reuters) - BP's search for a new chief executive is set to extend into the first quarter of 2024, three sources told Reuters, while the board's probe into whether previous CEO Bernard Looney breached the code of conduct in his undisclosed personal relationships with staff drags on. The oil company has been in turmoil since... Continue Reading →
The Chamber of Deputies approved, by 403 votes to 16, the bill (PL 11,247 of 2018) that regulates the use of offshore energy potential (at sea). The proposal to create the Offshore Wind Power Regulatory Framework now goes to the Senate for analysis. The approved text was the substitute presented by the rapporteur, deputy Zé... Continue Reading →
(epbr) The Chamber of Deputies approved the Hydrogen bill (PL 2308/2023), which regulates the production of low-carbon hydrogen, establishes voluntary certification and provides federal tax incentives. The proposal goes to the Senate. – The bill considers low-carbon hydrogen to be hydrogen that, during production, emits up to 4 kg of CO2 for every 1 kg... Continue Reading →
(Reuters) - Argentina persuaded a U.S. judge not to enforce a $16.1 billion judgment arising from the government's 2012 seizure of majority control in oil company YPF (YPFD.BA) while the cash-strapped country appeals the judgment. In a decision on Tuesday, U.S. District Judge Loretta Preska in Manhattan agreed to suspend enforcement until Dec. 5 without requiring Argentina... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in continuation of the announcement made on 02/15/2022, informs that, on 11/10/2023, the First Panel of the Federal Supreme Court concluded the judgment of the pending appeals in the lawsuit in which the methodology for calculating the Minimum Remuneration by Level and Regime (RMNR) supplement is discussed. The First Panel... Continue Reading →
(Reuters) Colombia will receive offers for offshore wind blocks in August 2024, according to a timeline published by the government on Friday, following a presentation it gave to private companies and European government representatives. The government of President Gustavo Petro, Colombia's first leftist leader, has said he intends to wean the Andean country off its... Continue Reading →
Brazil Energy Insight 