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April 13 (Reuters) - Brazilian state-run oil firm Petrobras is in initial direct negotiations with Abu Dhabi's Mubadala sovereign wealth fund to repurchase the Mataripe refinery in Brazil, two sources with knowledge of the matter told Reuters on Monday. President Luiz Inacio Lula da Silva said last month that Petrobras would repurchase the refinery, which had been sold... Continue Reading →
April 13 (Reuters) - Baker Hughes said on Monday it will sell its unit, Waygate Technologies, to Sweden-based Hexagon ( for about $1.45 billion in cash, as the oilfield services provider reorganizes its business to focus on high-growth areas. The deal is part of Baker Hughes' efforts to reshape its business by shedding non-core assets and shifting focus... Continue Reading →
Rio de Janeiro, April 6, 2026 – Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact disclosed on March 31, 2026, announces that its Board of Directors, at a meeting held today, elected Director Marcelo Weick Pogliese as Chairman of the Board, pursuant to §2 of Article 18 of the Bylaws, until the... Continue Reading →
April 2 (Reuters) - Rising petrochemical prices have buoyed the long-term prospects for Brazil's Braskem, even as the company is racing against the clock to deal with looming interest payments on its debt. The petrochemical producer, with operations in Brazil, the U.S., and Mexico, is considering whether to seek an injunction to avoid a painful... Continue Reading →
March 15 (OE) Offshore drilling contractor Seadrill has appointed Samir Ali as its new chief executive officer (CEO). Effective immediately, Samir Ali will step up from its Executive Vice President, Chief Commercial Officer (CCO) position to its new role, succeeding Simon Johnson. Ali has served as Executive Vice President, Chief Commercial Officer of the company... Continue Reading →
March 10 (Reuters) - Exxon Mobil is seeking to abandon its corporate registration in New Jersey and redomicile in Texas where its headquarters is located, the U.S. oil major said on Tuesday, in a move that could help bolster its defenses against activist shareholders and climate advocates. Exxon announced the proposal in a proxy filing. If the move is approved... Continue Reading →
Rio de Janeiro, March 05, 2026 “2025 results confirm the consistency of our strategy, based on capital discipline, production growth and operational efficiency. Even in a backdrop of a sharp decline in Brent prices, we generated US$ 36 billion in operating cash for the year. We continue to deliver a robust cash flow, supported by... Continue Reading →
March 4 (Reuters) - Brazilian sugar and ethanol producer Raizen said on Wednesday it is analysing a proposal for a Shell-led 4 billion real ($765 million) capital injection, while indicating that a solution to its debt crisis could be implemented in an out-of-court restructuring process. Raizen, a joint venture between Shell and Brazilian conglomerate Cosan, has been... Continue Reading →
March 3 (Reuters) - London listed oil company Shell is committed to investing 3.5 billion reais ($667.84 million) in troubled sugar and ethanol maker Raizen, the energy company's Brazil CEO said on Tuesday. Raizen has reported a string of losses and soaring net debt in recent quarters amid costly investments and poor weather negatively impacting crops,... Continue Reading →
March 2 (Reuters) - Brazilian state-run oil firm Petrobras sees oil prices under pressure due to the conflict in Iran, but does not usually pass through sudden volatility to the domestic fuel market, its chief executive officer said on Monday. Global oil prices jumped after Iran's retaliatory attacks disrupted shipping through the Strait of Hormuz, following weekend strikes by Israel... Continue Reading →
Brazil Energy Insight 