Portugal’s EDPR to auction 90 new wind turbines after pulling out of Colombia project: auctioneer

(Reuters) - Portugal's EDP Renovaveis will offer 90 new wind turbines at auction after pulling out of major Colombia wind energy projects, the website of industrial equipment auctioneer Escrapalia showed on Tuesday. The Vestas V162-5.6 MW turbines will be sold in an online auction, Escrapalia said. EDPR, the world's fourth-largest wind power producer, posted an unexpected net... Continue Reading →

April 2, 2025 0

ADNOC’s XRG Acquires Galp’s Share in Mozambique Offshore Block

(OE) XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of Galp’s 10% interest in the Area 4 concession in Mozambique's Rovuma Basin. The Rovuma Basin, one of the largest gas discoveries in the past 15 years, has enabled ADNOC’s XRG access to LNG projects with a combined potential production... Continue Reading →

March 28, 2025 0

Argentine energy firm CGC to tie-up with YPF in Vaca Muerta oil project

(Reuters) - Argentine energy company CGC announced on Friday that it will partner with state oil company YPF in a project located in the South American country's lucrative Vaca Muerta basin as a minority partner. In a statement, CGC said it will provide an unspecified amount of capital for the tie-up in Argentina's massive shale... Continue Reading →

March 24, 2025 1

Brava Energia Earnings Release 4Q24 & 2024

March 21, 2025 0

Brazil’s Petrobras in talks with US LNG suppliers for long-term deal, executive says

(Reuters) - Brazil's state-run oil firm Petrobras is in talks with U.S. liquefied natural gas (LNG) suppliers for a long-term import deal, a Petrobras executive said. Brazil is Latin America's largest oil producer, but consumes more gas than it produces and relies on imports to fill the gap. Petrobras buys pipeline gas from neighbor Bolivia and... Continue Reading →

March 17, 2025 2

Argentina’s Vaca Muerta Fuels Oil Production Surge

(oilprice.com) Argentina’s controversial president Javier Milei, a self-described anarcho-capitalist, on taking office enacted strict austerity measures to rein in rampant triple-digit inflation, kick-start the economy and slash a massive fiscal deficit. While it is too early to tell if Milei has reversed decades of economic mismanagement there are promising signs of a miracle emerging. Inflation has plummeted... Continue Reading →

March 13, 2025 0

Brava Energia Production Data February 2025

BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), informs its investors and the market in general the preliminary and unaudited production data for the month of February 2025. Brava reached a record production level in February, registering a significant increase when compared to the previous month. This result is linked to the investments and improvements... Continue Reading →

March 10, 2025 0

NOCs and the Evolving Energy Landscape in Latin America

(oilprice.com) Latin America has long been a dominant force in the global energy market, built on vast oil and gas reserves. While the world increasingly eyes renewable sources of energy for the future, hydrocarbons remain the bedrock of economic stability for the region. As energy demand evolves, national oil companies (NOCs) must not forsake oil,... Continue Reading →

March 8, 2025 0

Ecuador awards oil contract to Chinese-led group to boost ‘crown jewel’ project

(Reuters) - Ecuador's government awarded an onshore oil contract to a consortium led by China's state-owned producer Sinopec on Monday, in a push to grow crude output from the country's Sacha block. The block is Ecuador's most productive, located in the country's northeastern Amazonian province of Orellana. It pumped 77,000 barrels per day (bpd) last year.... Continue Reading →

March 6, 2025 0

Ecopetrol plans up to $2 billion more debt to fund acquisitions

(Reuters) - Colombia's majority state-owned oil producer Ecopetrol is planning to raise up to $2 billion in additional debt this year to fund investments, and would consider seeking funds from banks and capital markets, a top official said on Wednesday. The debt would be used to fund inorganic investments, such as the acquisition of new assets... Continue Reading →

March 6, 2025 0

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