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Aug 19 (Reuters) - Brazil's largest thermal power plant, GNA II, said on Wednesday its operations have been interrupted since August 10 after a failure in the steam turbine circuit breaker affected the unit's step-up transformer. The gas-fired plant is located in the Acu port in Rio de Janeiro and has 1.7 gigawatts of installed... Continue Reading →
Aug 19 - 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, on August 18, 2026, it received resignation letters from Mr. Mateus Tessler, from the positions of member of the Board of Directors and Coordinator and member of the... Continue Reading →
Aug 18 (Reuters) - Equinor said on Tuesday it has agreed to buy a stake in an oil exploration licence in Namibia from a subsidiary of U.S. energy major Chevron as the Norwegian company seeks to boost its international portfolio. The purchase of a 17.4% stake in the PEL 90 petroleum exploration licence in the Orange Basin... Continue Reading →
Aug. 18 (offshore-energy.biz) Ecopetrol Investimentos do Brasil, a wholly owned subsidiary of Colombia’s state-owned oil and gas company Ecopetrol, has broadened its presence in Brazil’s energy sector by acquiring a controlling stake in local oil and gas producer Brava Energia. In a step that strengthens its growth platform in Brazil, Ecopetrol has completed the acquisition of a... Continue Reading →
Aug 17 (Reuters) - Chevron said on Monday it had discovered oil and gas condensate at an exploration well in Block 0, offshore Angola, adding to its push to increase production in sub-Saharan Africa through infrastructure-led exploration. Western and southern Africa are among regions drawing fresh attention as growth in U.S. shale tops out. Angola, sub-Saharan... Continue Reading →
Aug. 17 (OE) As the market moves toward the end of the summer season in the northern hemisphere, several offshore support vessels are expected to roll off their contracts over the coming months. Shipowners are thus already positioning tonnage for the winter and next summer season. The CSOV market has remained tight over the past... Continue Reading →
Aug 17 (Reuters) - Palantir chair and co-founder Peter Thiel has bought a 1% stake in Argentina's Vista, one of the largest oil companies operating in the country's Vaca Muerta shale formation, according to a U.S. Securities and Exchange Commission filing. The filing, published on Friday, comes four months after the tech billionaire met with... Continue Reading →
Aug. 14 (oilnow.gy) ExxonMobil is expected to provide results from its seismic work on the ultra-deepwater Block TTUD-1 by the end of August 2026, Trinidad and Tobago Prime Minister Kamla Persad-Bissessar said. The company has been conducting a 3D seismic survey across approximately 6,000 square kilometers of the block, located off the country’s east coast. The data will... Continue Reading →
Aug. 14 (oilnow.gy) Guyana’s oil production fell in May and again in June, according to government data. ExxonMobil leads a consortium that has invested more than US$50 billion to explore and develop the resource offshore. Production averaged 869,000 barrels per day (b/d) in June. This was down from 895,000 b/d in May and 902,000 b/d... Continue Reading →
Aug 13 (Reuters) - Argentina LNG on Thursday submitted an application to participate in the country's investment scheme to develop its integrated liquefied natural gas (LNG) project with a total investment of $51 billion, state oil firm YPF said in a statement. The project is backed by YPF along with energy firms Eni and XRG,... Continue Reading →
Brazil Energy Insight 