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(epbr) Petrobras plans to conquer 10% of the centralized wind and solar generation market in Brazil by 2028, according to a presentation made to investors in New York. The company's 2024-2028 strategic planning foresees having around 5 GW of photovoltaic and wind capacity in operation or construction. To achieve this, the state-owned company will invest... Continue Reading →
The exponential growth in pre-salt production, 240% since the first oil in the region, and the maintenance of refinery capacity generated a significant volume of surplus input, sold on the international market. The projection is for a continuous increase until 2030. Brazil reached a historic milestone in its oil exports, reaching the highest volume in... Continue Reading →
(Bloomberg) -- The privatization of state-run oil company YPF SA is no longer included in sweeping reforms that President Javier Milei is trying to get approved by Argentina’s congress, according to a summary of the legislation circulated by the government Monday. The so-called omnibus bill, currently up for debate in the lower house, was changed... Continue Reading →
(Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA), opens new tab will this year start buying stakes in domestic onshore wind and solar projects to create a roughly 2 gigawatts (GW) renewable energy portfolio, the firm's chief executive told Reuters. Petroleo Brasileiro is looking to buy stakes in assets that are already operational, Jean Paul Prates said... Continue Reading →
(PN) New numbers point to an increase in well drilling activity in Brazil. The National Petroleum Agency (ANP) revealed new data forecasting investments in exploration in Brazil. According to the regulatory body, oil companies located in the country must spend US$1.96 billion on exploration during the year 2024. Well drilling is the activity that will... Continue Reading →
(TN) Elysian Brasil Exploração e Produção de Petróleo e Gás Natural Ltda., ("Elysian Petroleum"), announces that, on January 17, 2024, it was duly qualified by the National Agency for Petroleum, Natural Gas and Biofuels ("ANP") as Operator "C" (onshore), in accordance with the Tender Notice for the 4th Cycle of the Permanent Offer This means... Continue Reading →
(BJ) A relevant shareholder of 3R Petroleum is proposing a carveout of the company's onshore oil fields and the incorporation of these assets by PetroReconcavo, in a transaction that shows the struggle of junior oils for scale, sources familiar with the matter told Brazil Journal. The rationale for the transaction is already known to the... Continue Reading →
(WO) – Molecular Energies confirmed that the Tapir x-1 exploration well at the Pirity Concession in the Chaco, Paraguay, has been spudded. Target depth is approximately 3,800 m with an estimated drilling time of 45 days. The prospect and the adjacent complex of prospects being drilled are covered by good quality 3D seismic data from... Continue Reading →
(OE) Norwegian company ABL and Aberdeen-based health and safety consultancy Integrity HSE have formed strategic partnership to reinforce their rig inspection services. ABL’s rig inspection service offering will be enhanced with Integrity HSE’s tailored onshore and offshore inspection and rig intake solutions. The services will add value to a wide range of drilling and production... Continue Reading →
January 10, 2024 – Petróleo Brasileiro S.A. – Petrobras, in continuity with the announcement made on December 26, 2023, informs that it received, on today's date, from Carmo Energy, the last installment in the amount of US$ 298 million, already considering the adjustments and late payment charges due, related to the sale of the Carmópolis... Continue Reading →
Brazil Energy Insight 