Brava Energia terminates negotiations related to the divestment process onshore and shallow water assets in Bahia

BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, further to the material facts disclosed on December 27, 2024, January 10, 2025, and March 6, 2025, hereby informs its investors and the general market that, today, the Company has decided to terminate the negotiations related to the divestment process onshore... Continue Reading →

CEO Magda Chambriard confirms Maurício Tolmasquim’s departure from Petrobras

(eixos) Petrobras CEO Magda Chambriard confirmed that the company's Energy Transition and Sustainability Director, Maurício Tolmasquim, is leaving his position. The decision comes after Tolmasquim was appointed to the Board of Directors of Eletrobras by President Luiz Inácio Lula da Silva. Magda Chambriard spoke to the press during her participation in the Offshore Technology Conference... Continue Reading →

Shell profit beats expectations, buybacks kept steady

 (Reuters) - Shell (SHEL.L), opens new tab exceeded analyst expectations on Friday, reporting a 28% drop in first-quarter net profit to $5.58 billion, while holding steady the pace of its share buyback programme despite falling oil prices and lower refining margins. That contrasts with rival BP (BP.L), opens new tab that cut its buybacks this year to try to strengthen its... Continue Reading →

Eletrobras shareholders elect board, approve deal to end dispute with Brazil

(Reuters) - Shareholders of Brazilian power firm Eletrobras on Tuesday elected a new board and approved a proposal to end a legal dispute over the government's voting power in the company. The agreement allows the government to nominate three of Eletrobras' 10 board members. Shareholders elected Vicente Falconi, Ana Matte, Felipe Villela, Marisete Pereira, Carlos Ferreira and Jose... Continue Reading →

Ørsted Streamlines Offshore Wind Executive Team

Ørsted has expanded its Group Executive Team with the appointment of two new members, enabling the representation of the full offshore wind value chain, including development, construction, and generation. Effective from May 1, 2025, Amanda Dasch has been appointed Chief Development Officer (CDO) and will head up Ørsted Commercial, which covers commercial development activities across... Continue Reading →

Petrobras approves tender to restart fertilizer plants in Brazil’s northeast, say sources

(Reuters) - The board of Brazilian state-run oil company Petrobras on Thursday approved plans to select a partner to restart operations at its fertilizer plants in northeastern Brazil, according to four sources familiar with the matter. But the move still hinges on resolving ongoing disputes with current leaseholder Unigel, added the sources, who requested anonymity as... Continue Reading →

Fugro Realigns Americas Ops Amid Offshore Wind Slowdown and Market Uncertainty

(offshoreWIND.biz) Dutch Fugro has realigned its operations in the Americas by reducing its workforce and scaling back operations due to expected lower revenues caused by a pause in new offshore wind projects. In the financial update for the first quarter of 2025, Fugro stated that rapidly increased geopolitical and economic uncertainties influencing client investment behaviour worldwide add... Continue Reading →

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