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(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 →
Petróleo Brasileiro S.A. – Petrobras informs that, in a session held today, the Second Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Council of Tax Appeals (CARF), heard and granted, by majority vote, the appeal filed by the National Treasury, limiting the deductibility of regular contributions, in a Private... Continue Reading →
(epbr) Petrobras considers that it will be important to adopt qualification criteria in the auctions of areas for the installation of offshore wind farms and thus prevent the entry of companies that do not intend to carry out the projects. “It is important to have objective criteria that separate adventurers from serious investors”, stated the... Continue Reading →
(OW) California’s Governor Gavin Newsom signed two new offshore wind bills into law on 7 October. Coming into effect on 1 January 2024, the Offshore Wind Expediting Act (bill SB 286) is set to shave five years off of the offshore wind permitting timeline, while under the California Offshore Wind Advancement Act (bill AB 3),... Continue Reading →
(OE) Despite the negative headlines around the longer-term prospects for the U.S. offshore wind segment, business intelligence company Intelatus Global Partners sees continued efforts by the federal government and, in particular, the East Coast states to find solutions to the challenges faced by the industry as whole, which can be grouped under three headings: high... Continue Reading →
By Julia Borges da Mota Partner at Murayama, Affonso Ferreira e Mota Advogados. (TN) On October 10th, the deadline for submitting proposals in a large-scale tender promoted by Petrobras ends. This tender focuses on the charter of up to 12 OSRV type vessels, all Brazilian flag. The charter process will follow the modality known as "time... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that in a session held yesterday, the First Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Board of Tax Appeals (CARF), rejected the appeal filed by the company and decided that IRPJ and CSLL taxes are due on the profits of its foreign... Continue Reading →
(PN) The Minister of Mines and Energy, Alexandre Silveira, said today that the government is working with the National Congress to approve the legal framework for the exploitation of offshore wind energy. The minister highlighted that it is necessary to take advantage of Brazil's great potential in generating energy from this source. “I have worked... Continue Reading →
Brazil Energy Insight 