Brought to you by Quest Offshore & Southern Cone Consultants
(offshore-energy.biz) Japanese giant MODEC has achieved further progress in the construction of a floating production, storage, and offloading (FPSO) destined for a big upcoming natural gas project off the coast of Brazil, thanks to the workers hired to turn the unit plan into reality, hitting 1 million work hours without lost time injury (LTI) and lost... Continue Reading →
Feritech Global, an advanced engineering company based in Falmouth UK, has appointed a new Managing Director to lead the company in its next stage ofdevelopment. The new Managing Director has been named as Mark Smith, who takes over the role having worked at Feritech since 2021, initially as Purchasing Manager and subsequently as General Manager.... Continue Reading →
(OE) Houston-based subsea equipment and services provider for oil and gas sector Koil Energy has established a new technology center for manufacturing and service support in Macaé, marking its expansion into Brazil. Macaé is generally considered to be the center of the offshore petroleum industry in Brazil, and it is often referred to as ‘Cidade... Continue Reading →
PRIO S.A. (“PRIO” or “Company”) (B3: PRIO3) and PRIO Forte S.A. (“Issuer”), in compliance with the terms of the Resolution No. 44, of August 23rd, 2021, as amended, issued by the Brazilian Securities and Exchange Comission (“CVM Resolution 44” and “CVM”, respectively), and Resolution No. 160, of July 13, 2022, as amended, issued by CVM... Continue Reading →
PRIO S.A. (“PRIO” or “Company”) (B3: PRIO3), in compliance with CVM Resolution 44/2021, hereby informs its shareholders and the market in general that, at a meeting of the Company’s Board of Directors held on February 25, 2025, an increase in the Company’s share capital in the amount of R$ 2,800,000,000.00, was approved, rising from R$... Continue Reading →
(Reuters) - Mexican state oil company Pemex posted a 190.5 billion-peso ($9.1 billion) fourth-quarter net loss on Thursday, following a year-ago profit, citing higher sales costs, lower fixed asset values and currency exchange losses. The ailing giant's production continued to decline during the three-month period, and financial debt remained close to the $100 billion level... Continue Reading →
Australian oil company Karoon announced that it has signed a Sale and Purchase Agreement (SPA) with Altera & Ocyan to acquire 100% of FPSO Cidade de Itajaí for $115 million, plus approximately $8 million in transaction costs. The unit operates in the Baúna field, which is fully operated by Karoon. The agreement is subject to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors (CA), in a meeting held today, authorized the submission to the Annual General Meeting (AGM), scheduled for April 16, 2025, of the proposal for the distribution of dividends equivalent to R$ 9.1 billion. If approved by the AGM, considering the amounts advanced by the... Continue Reading →
Rio de Janeiro, February 26, 2025 “2024 was a positive year for Petrobras. We consistently maintained strong cash generation, reaching US$ 38 billion in Operating Cash Flow in 2024. This result demonstrates the company's financial health and the quality of its assets, which operate profitably, generating resources to make investments, remunerate shareholders and meet all... Continue Reading →
(Reuters) - Chevron said on Monday it would reorganize some of its business structures and reshuffle the leadership team, the latest move by the U.S. energy major to simplify its operations. The company has said it would lay off up to 20% of its global workforce by the end of 2026, as it navigates cost overruns and a... Continue Reading →
Brazil Energy Insight 