Brought to you by Quest Offshore & Southern Cone Consultants
March 18 - Maha Capital, a Stockholm-listed oil company controlled by the Brazilian asset manager Starboard, exercised its right to acquire a 24% stake in a Venezuelan oil field following the easing of sanctions by the United States. The decision came after the US Treasury Department authorized transactions with the state-owned PDVSA this week, paving... Continue Reading →
March 19 (Reuters) - Brazilian oil regulator ANP will tell state-run oil firm Petrobras to supply the diesel and gasoline volumes that the company would have auctioned this week in deals later canceled, it said on Thursday. This comes within a package of measures to monitor fuel stocks and imports and prevent possible supply problems, the... Continue Reading →
March 19 - Petrobras announces that it has contracted eight power plants from its thermoelectric energy portfolio in the 2026 Capacity Reserve Auction (LRCAP 2026), held today by Brazil’s National Electric Energy Agency (ANEEL) and the Electric Energy Trading Chamber (CCEE), with technical support from the Energy Research Company (EPE). The auction aimed to contract firm capacity for the National... Continue Reading →
The Brazilian Federal Court of Accounts (TCU) conducted an audit to analyze how Petrobras contracts and operates FPSOs. These vessels are used to process oil and gas at sea, store it, and then transfer it to other ships. They are important for Petrobras because they are more flexible and faster to install than stationary exploration... Continue Reading →
March 18 (Reuters) - Brazil's Finance Ministry on Wednesday proposed that states scrap the ICMS state tax on diesel imports, with the federal government covering part of the resulting revenue losses. Speaking to reporters, Finance Ministry Executive Secretary Dario Durigan said the proposal would imply a revenue loss of about 3 billion reais ($576.89 million)... Continue Reading →
March 17 (Reuters) - Bolivian President Rodrigo Paz said on Tuesday that his country wanted to restart a relationship with Brazilian state oil firm Petrobras (PETR3.SA), opens new tab under new, clearer energy regulations. Paz said his government was working to quickly update the regulations to make them fair for Bolivia and foreign investors, and that its... Continue Reading →
March 17 (offshoreWIND.biz) The US government is working on settlement agreements that involve the government cancelling TotalEnergies’ Attentive Energy and Carolina Long Bay offshore wind leases and reimbursing the French energy company USD 928 million (around EUR 806 million) for the financial bids through which it secured the two areas in lease sales during the... Continue Reading →
Rio de Janeiro, March 16, 2026 - PRIO S.A. (the “Company” or “PRIO”) (B3: PRIO3), in compliance with best corporate governance practices, hereby informs its shareholders and the market in general that, on this date, the Brazilian Institute of the Environment and Renewable Natural Resources (“Ibama”) has issued the amendment to the Drilling License for... Continue Reading →
Rio de Janeiro, March 16, 2026 – Petróleo Brasileiro S.A. – Petrobras announces that, as partner and operator of the Tartaruga Verde and Espadarte – Module III fields, located in the Campos Basin, it has notified Petronas Petróleo Brasil Ltda. today of its decision to exercise its preemptive right to acquire the 50% interests in... Continue Reading →
March 16 (oilnow.gy) ExxonMobil has submitted the environmental impact assessment and environmental impact statement for the proposed Longtail development offshore Guyana, a key step toward the country’s first non-associated gas project. The documents were filed with the Environmental Protection Agency, according to a public notice. Exxon’s consultant Acorn International conducted the assessment. Members of the... Continue Reading →
Brazil Energy Insight 