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Rio de Janeiro, June 23, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that it has signed a Memorandum of Understanding (MoU) with Petróleos Mexicanos (PEMEX), with the purpose of establishing strategic and technical cooperation for the assessment, development and joint execution of projects in the hydrocarbons industry, including the development of opportunities in the... Continue Reading →
June 23 (oilnow.gy) Venezuela’s efforts to restructure more than US$150 billion in sovereign and oil company debt could improve investor confidence in its energy sector, but obligations to China may complicate any final agreement, according to experts interviewed by S&P Global. The June 12 report noted that Venezuela’s total external debt is estimated at between... Continue Reading →
June 22 (Reuters) - Azule Energy, a joint venture between BP and Eni, and its partners have approved the $5.1 billion Greater PAJ offshore oil project in Angola, company and government officials said at a signing ceremony on Monday. Partners in the project, Angola's first integrated cross-block development, include Norway's Equinor, Angola's oil and gas agency... Continue Reading →
June 19 (OE) The shareholder in offshore drilling contractor Vantage Drilling have approved its proposed merger with Norway-based Eldorado Drilling, advancing a transaction that values Vantage's equity at approximately $258 million. The approval was secured at a special general meeting held in Bermuda on June 18, where shareholders voted in favor of all resolutions related... Continue Reading →
June 18 - The Administrative Council for Economic Defense (CADE) approved, without restrictions, the acquisition of control of Brava Energia (BRAV3) by Ecopetrol, removing another regulatory step for the completion of the operation. The decision comes a day after Brava announced that the public takeover bid (OPA) launched by the Colombian oil company was temporarily... Continue Reading →
June 18 (offshoreWIND.biz) The US Department of the Interior (DOI) said on 17 June that it had reached an agreement with Invenergy under which the developer will relinquish four offshore wind leases in exchange for a USD 765 million (approximately EUR 664 million) reimbursement and redirect the capital into natural gas and geothermal energy projects.... Continue Reading →
June 18 (offshore-energy.biz) A multi-client 3D seismic survey is on the agenda at one of the frontier regions in Brazilian waters, with Norway’s energy data and intelligence company TGS and its joint venture (JV) partner, U.S.-headquartered SLB, at the helm of the campaign that will help boost the hydrocarbon exploration momentum in the South American... Continue Reading →
June 17 - BRAVA ENERGIA S.A. (“Brava” or the “Company”) (B3: BRAV3), hereby informs its investors and the market in general that it has received, on this date, a request for arbitration from Westlawn Energia Brasil Ltda. ("Westlawn"), in which Westlawn claims, among other matters, that the transaction announced by the Company involving Ecopetrol and the... Continue Reading →
June 17 (offshoreWIND.biz) Kenya has become the first African country to join the Global Offshore Wind Alliance (GOWA), marking a milestone for the global expansion of offshore wind. Announced at the eleventh Our Ocean Conference in Mombasa on 17 June, Kenya’s accession to GOWA positions Africa alongside Europe, Asia, North America, South America and Australia... Continue Reading →
June 17 (offshreWIND.biz) The Trump Administration has withdrawn its appeal of a federal court ruling that vacated the section of its January 2025 Presidential Wind Memorandum that halted federal leasing and permitting activities for onshore and offshore wind projects, leaving the court’s decision in place and the wind permitting and leasing freeze overturned. The US... Continue Reading →
Brazil Energy Insight 