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(OE) U.K.-based T12 Engineering has strengthened its international footprint, having secured a three-year framework agreement in Brazil with an independent oil and gas operator. This builds on the successful delivery of three key pieces of equipment, designed to support the late-life extension of subsea assets and follows previous collaborative projects in the U.K. with the... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it has identified the presence of hydrocarbons in the Santos Basin pre-salt, in an exploratory well of Aram block. Well 4-BRSA-1395-SPS is located 245 km from the city of Santos-SP, at a water depth of 1,759 meters. The well is currently being drilled, and the hydrocarbon-bearing interval has... Continue Reading →
(Reuters) - Chevron purchased about 4.99% of Hess Corp's common shares this year, the oil giant said in a regulatory filing on Monday. Chevron said the stock purchase reflects its continuing confidence in completing the pending acquisition of Hess. In October 2023, Chevron agreed to acquire Hess in an all-stock deal valued at $53 billion, gaining a stake in... Continue Reading →
(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 →
(Reuters) - Mexican state energy company Pemex is in talks with Carlos Slim which could see the billionaire tycoon help bankroll two of the country's most promising crude oil and natural gas fields, sources familiar with the matter told Reuters. The negotiations, which have not been previously reported, indicate Slim's growing clout in Mexico's struggling... 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 signed, on March 13, 2025, with Shell Western Supply and Trading Limited (“Shell”), a contract for the sale of the oil produced by the consortium in Atlanta field (80% of... Continue Reading →
PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3) announces its earnings for the fourth quarter of 2024 and the year of 2024. HIGHLIGHTS OF THE YEAR Click here for the Earnings Release.
PRIO S.A. ("Company" or "PRIO") hereby informs its shareholders and the general market that it has published a new reserves certification of the Company, prepared by DeGolyer & MacNaughton ("D&M"), dated January 1, 2025, which includes the reserves of the Polvo and TBMT cluster, Frade and Wahoo cluster and Albacora Leste field. To the Peregrino... Continue Reading →
(oilprice.com) Guyana’s government has officially yanked the plug on the Frontera-CGX joint venture, canceling its oil prospecting license for the Corentyne block. The writing had been on the wall since February, when officials gave the JV a 30-day warning. Now, it’s official. The Corentyne block was supposed to be a much-needed diversification play in Guyana’s... Continue Reading →
(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 →
Brazil Energy Insight 