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(Reuters) - Brazil's government is weighing names to replace Petrobras CEO Jean Paul Prates in coming days, two government sources told Reuters on Thursday, but two sources close to the CEO of the state-run oil firm said his exit is not a done deal. Prates has been under friendly fire from parts of Brazil's governing... Continue Reading →
(PN) The technical area of the Federal Audit Court (TCU) issued an opinion calling for the suspension of the contract signed between Petrobras and Unigel, pointing out that there are irregularities in the agreement. According to the court, the contract could result in losses of R$487.1 million within eight months. The opinion still needs to... Continue Reading →
(Bloomberg) -- Macquarie Asset Management is making a $50 billion bet on offshore wind after sidestepping a perfect storm of low power prices and cost inflation that forced many competitors to walk away. Corio Generation Ltd., the fully owned offshore wind unit of the Australian financial giant, along with partners including TotalEnergies SE, plans to... Continue Reading →
(PN) Enauta announced that its Board of Directors approved the presentation of a proposal for the business combination with 3R Petroleum. The operation could create one of the main independent operators in Brazil and Latin America, with production potential that could exceed 100 thousand barrels of oil equivalent per day – in line with the... Continue Reading →
(Reuters) - Top oilfield services company SLB (SLB.N), opens new tab said on Tuesday it will buy smaller rival ChampionX (CHX.O), opens new tab in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector. Oilfield service providers have followed energy producers in pursuing deals as they navigate operational and pricing challenges while... Continue Reading →
(OE) Enauta has proposed the merger with 3R Petroleum which would create one of the largest and the most diversified independent oil and gas companies in Latin America. The merger proposal has been approved by Enauta’s board of directors, and according to the company, the combination results in a balanced, five-year high organic growth portfolio... Continue Reading →
(OM) Acteon Group, an offshore energy infrastructure services business, has been acquired by private equity investors Buckthorn Partners and One Equity Partners (OEP). With this business investment, Buckthorn and OEP said they aim to "improve Acteon’s standing with suppliers and customers and enable it to compete even more strongly in its core markets." The investors’ said... Continue Reading →
Constellation, leader in the offshore drilling market in Brazil, recorded net revenue of US＄552 million in 2023, a growth of 36% compared to the previous year. The result before interest, taxes, depreciation and amortization (Ebitda) was US＄ 185 million, 176% higher than in 2022. The company released its 2023 financial results to the market this... Continue Reading →
(PN) PRIO, one of the largest independent oil and gas companies in Brazil, is celebrating the production results of Campo de Frade, located in the Campos Basin (RJ), which is completing its fifth year of activities with the company. The field was acquired in March 2019. At the end of 2023, PRIO completed the second... Continue Reading →
For the second year running, the company neutralizes "scope 2" emissions associated with energy consumption purchased from suppliers in Brazil. Petrobras has acquired international certificates attesting that 100% of the electricity used in its industrial and administrative operations in Brazil last year was generated from renewable sources. The I-REC (Renewable Energy Certificate) document guarantees that... Continue Reading →
Brazil Energy Insight 