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BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3:BRAV3), pursuant to CVM Resolution No. 44, following the material facts disclosed on December 27, 2024 and January 10, 2025, hereby informs its investors and the market in general that, in a meeting held on January 23, 2025, the Board of Directors deliberated on the qualified bidders for the... Continue Reading →
(Reuters) - Brazil's wind power sector lost steam in 2024, local association ABEEolica said on Friday, noting that it expects continued downward pressure before growth resumes in 2027. WHY IT'S IMPORTANT Renewable power supply surged in Brazil in recent years on hefty government incentives and subsidies, but demand did not expand as quickly and the... Continue Reading →
As of Jan. 17, 2025 creditors take control of Norwegian owned Seacrest Oil company. The company is in default with banks and with Petrobras, from which it acquired the onshore North Capixaba and Cricaré Clusters. After successive negotiations, creditors decided to manage the company and are now looking for an operator for the assets Seacrest... Continue Reading →
(Reuters) - GeoPark will not go ahead with its planned $530 million acquisition of Spain-based Repsol's oil and gas production assets in Colombia, the company said on Tuesday. The acquisition, announced in November, included Repsol's oil extraction operation in central Colombia and a 25% stake in SierraCol Energia Arauca. The termination comes after Repsol's partner in SierraCol exercised its... Continue Reading →
(Reuters) - Peru's niche Bretaña crude oil is gaining popularity in the United States, with the first cargo discharging in the U.S. Gulf Coast this month as U.S. refiners seek alternatives for declining Mexican heavy crude. Bretaña, a rare heavy sweet crude with minimal metals, is produced in the Peruvian side of the Amazon rainforest.... Continue Reading →
(Reuters) - Shares of Brazilian energy company Brava Energia (BRAV3.SA), opens new tab soared on Friday after it received approval from the country's oil regulator to resume output at a key oilfield and said it was in talks with banks to prepare for potential asset sales. Brava's shares rose as much as 11.5%, making it the top... Continue Reading →
( renewablesnow.com) EDP Renovaveis SA (ELI:EDPR) announced on Thursday it has decided to exit 500 MW of wind projects in Colombia as they are no longer economically viable. The company cited several factors behind their decision, including delays stemming from the 2020 pandemic, shifts in government that prompted adjustments to the requirements for the environmental... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that it has signed, on this date, an agreement with PETRORECONCAVO S.A. (“PetroReconcavo”) (“Agreement”), with the objective of defining the contractual principles for a partnership involving the sale of 50% of the... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that the Board of Directors recommended, on December 17, 2024, the hiring of a financial advisor to support the Company in evaluating potential partnership transactions or asset sales. The analysis of potential... Continue Reading →
U.S.-based oilfield services provider Expro has signed a technology agreement with Petrobras for the development of a new non-intrusive flowmeter for the optimization of production from oil and gas wells. The technology will provide flow rates and identify flow patterns, generating online and real-time data availability for control and monitoring of slug instabilities to increase... Continue Reading →
Brazil Energy Insight 