Brought to you by Quest Offshore & Southern Cone Consultants
Aug. 28 (PN) Karoon announced to the market that it intends to invest between US$55 million and US$65 million in 2026 in a revitalization campaign for the FPSO Cidade de Itajaí, used in the Baúna field in the Santos Basin. Additionally, the company estimates spending approximately US$80 million to US$90 million between 2030 and 2034,... Continue Reading →
Aug. 27, 2025 – Petróleo Brasileiro S.A. – Petrobras informs that it has received a letter from the Ministry of Mines and Energy appointing Mr. Marcelo Weick Pogliese to the position of member of the Company’s Board of Directors, to fill the position previously held by Mr. Pietro Adamo Sampaio Mendes. The nomination will be... Continue Reading →
Aug 21 (Reuters) - Bruno Moretti is the leading candidate to become chairman of Brazil's state-run oil company Petrobras after Pietro Mendes resigned from the role, a source familiar with the matter told Reuters on Friday. Moretti currently serves as special secretary for government analysis at the office of President Luiz Inacio Lula da Silva's chief... Continue Reading →
August 20, 2025 – Petróleo Brasileiro S.A. – Petrobras, following up on the statement disclosed on December 16, 2024, announces that it has received today the resignation, effective immediately, of the Chairman of the company's Board of Directors, Mr. Pietro Adamo Sampaio Mendes, from his positions as Chairman and member of the Board of Directors... Continue Reading →
Aug 18 (Reuters) - Brazil's Petrobras is leaning toward corn as the raw material for a renewed foray into ethanol, potentially sidelining sugarcane and beleaguered sugar producer Raizen, three Petrobras sources familiar with the matter said, citing preliminary evaluations. Energy company Petrobras, majority-owned by Brazil's government, has previously said its potential return to ethanol would involve... Continue Reading →
Aug. 18 - Inyanga Marine Energy Group has announced that Martin Murphy has been appointed as Chair of the Board. Following 12 years’ service in the Royal Navy, Martin has forged a career as an experienced CEO and Chartered Engineer. Martin has a strong leadership background in large international corporations and as an entrepreneur, with... Continue Reading →
Aug.18 (Reuters) Petrobras is considering an investment in sugar and ethanol producer Raizen as a way to re-enter the ethanol market, local newspaper O Globo reported on Saturday, citing sources. Petrobras had previously said it was eying a return to the ethanol sector after having announced in its 2017-2021 strategic plan it would no longer... Continue Reading →
Aug. 15 (PN) FPSO Almirante Tamandare (Búzios 7 Project) reached yesterday (14) the highest production flow rate per unit in Petrobras' history, three months ahead of schedule, November of this year: 225,000 barrels per day. The FPSO began operations in February in the Buzios field, in the Santos Basin pre-salt layer. The record confirms expectations... Continue Reading →
(offshore-energy.biz) Talks about a potential business combination between Malaysia’s Bumi Armada and the offshore segment of the compatriot shipping giant MISC Berhad (MISC), an owner and operator of offshore floating and energy-related maritime solutions and services, have come to nought. A few months ago, Bumi Armada revealed that the due diligence exercise with MISC was... Continue Reading →
Aug. 11 (oilprice.com) Brazil’s state-controlled oil giant Petrobras sneezed at the end of last week, and the domestic stock market caught a cold. Despite returning to a profit for the second quarter of the year, Petrobras dashed hopes of an extraordinary dividend for this year amid lower oil prices and higher investments into production expansion.... Continue Reading →
Brazil Energy Insight 