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(OE) Spanish electric utility firm Iberdrola has appointed Pedro Azagra as its new chief executive officer (CEO). Before the new appointment, Azagra held the position of CEO of Ibredrola’s subsidiary in the United States. He will be replacing Armando Martínez. Azagra has been with Iberdrola for 25 years, first as Executive Director of Development with... Continue Reading →
(Reuters) -Brazilian businessman Nelson Tanure has begun talks with the banks that will be key to his bid for petrochemical firm Braskem , he told Reuters, as he aims to clinch a deal this year and give oil giant Petrobras a larger role in operations. Braskem is Latin America's largest petrochemical firm, and its controlling... Continue Reading →
(Reuters) Petrobras aims to make Africa its main region of development outside Brazil, the state-run oil giant's CEO told Reuters on Thursday during a wide-ranging interview about the company's strategy. Ivory Coast has extended the "red carpet" for Petrobras to explore deep and ultra-deep waters off its coast, when it gave the company preference in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that its Executive Board, in a meeting held on this date, pursuant to item VII of Article 34 of its Bylaws, approved the 8th (eighth) issuance of simple debentures, not convertible into shares, in up to three series, unsecured, in the total amount of R$ 3,000,000,000.00 (three billion reais)... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to reports in the press about negotiations to refinance tax disputes with the state of Rio de Janeiro, clarifies that the amounts mentioned in the reports are not debt, but rather amounts under discussion in administrative and judicial proceedings, motivated by differences of understanding between the state tax... Continue Reading →
(Reuters) - Top U.S. oil producer Exxon Mobil and Hess will meet face-to-face on Monday in a court hearing to determine the fate of Chevron's $53 billion deal to buy Hess and with it a prized stake in Guyana's prolific oilfields. The planned acquisition, announced in October 2023, is one of the oil industry's biggest deals in years. It is key... Continue Reading →
(Reuters) - Brazilian businessman Nelson Tanure has made an offer to acquire a controlling stake in Braskem, a securities filing showed on Friday, confirming local media and Reuters reports that cited sources earlier in the day. The tycoon is looking to acquire conglomerate Novonor's (ODBES.UL) stake in Braskem for an undisclosed value, according to the... Continue Reading →
(Reuters) - Mexico's Pemex, the world's most indebted energy company, plans to restructure parts of its business in an attempt to save costs, a May document seen by Reuters showed. Earlier reports, citing another document from last month suggesting it could include a layoff of over 3,000 tenured employees and save up to around 10.5... Continue Reading →
Petrobras, following up on the release of 03/27/2025, informs that its Board of Directors (BoD), in a meeting held today, approved the early termination of the mandate of the Chief Energy Transition and Sustainability Officer, Mauricio Tolmasquim, in a negotiated manner, on 05/27/2025. The Board of Directors also approved the appointment of the Chief Industrial... Continue Reading →
(offshore-energy.biz) Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has shed light on its activity in the first quarter of 2025. Prosafe reported a revenue of $33 million in Q1 2025, which is similar to the $34 million in the same period last year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to... Continue Reading →
Brazil Energy Insight 