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Feb. 10 - Petrobras's P-79 platform, an FPSO-type unit, arrived at the Santos Basin pre-salt this weekend, according to the planned schedule. The unit was towed to its location with the crew on board, a successful strategy already used with P-78 to reduce the time to start production. "Embarking the crew during the voyage to the location allows... Continue Reading →
Feb 10 (Reuters) - Equinor's international oil and gas portfolio will return to growth in the next few years as the Norwegian energy group targets sharply increased output abroad by 2030, its head of foreign operations told Reuters. After recent divestment of onshore assets in Argentina, Equinor now produces oil and gas in seven countries outside Norway, down... Continue Reading →
Feb. 10 - Seatrium, through its wholly owned subsidiary Jurong Shipyard, has started arbitration proceedings against Petrobras Netherlands in connection with a legacy contract for the conversion of the P-54 floating production, storage and offloading vessel (FPSO). The dispute relates to a settlement agreement reached in 2008 following amendments to the original 2004 contract. Under... Continue Reading →
Feb 6 (Reuters) - Some Brazilian power companies are pulling back from energy trading amid rising credit risks, greater price volatility, shrinking sales from generators and reduced liquidity in the market, company executives and sources said. CPFL and CTG Brasil, two major generators controlled by Chinese groups, are among the firms that have quit "directional trading,"... Continue Reading →
Feb 6 (Reuters) - Brazilian energy firm Eneva is considering options to enter Venezuela's oil and natural gas sector and is in talks with Sweden's Maha Capital over creating a possible joint venture there, two sources with direct knowledge of the matter told Reuters on Friday. One of the sources, who asked not to be named, said... Continue Reading →
Feb. 6 - BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), informs its investors and the market in general of the preliminary and unaudited production data for the month of January 2026. Potiguar – The monthly results reflect the impact of the temporary shutdown of facilities in the region, resulting from the audit conducted by... Continue Reading →
February 6, 2026 – Petróleo Brasileiro S.A.– Petrobras announces that it has received R$ 1.65 billion from its partners in the Sépia and Atapu fields: TotalEnergies EP Brasil Ltda (28%), PETRONAS Petróleo Brasil Ltda (21%), and QatarEnergy Brasil Ltda (21%) in Sépia; and Shell Brasil Petróleo Ltda (25%) and TotalEnergies EP Brasil Ltda (22.5%) in... Continue Reading →
Feb 5 (Reuters) - HIF Global expects significantly lower costs for its green-hydrogen plant in Brazil and hopes to secure financing for the first of four planned modules in the middle of next year, the company's Latin America chief executive said on Thursday. The e-fuels maker had put a $4 billion price tag on the... Continue Reading →
Feb. 5 (ABPIP) The average production of small and medium-sized oil companies in the country, the so-called independents, was 364,300 boe/d (barrels of oil equivalent per day) in 2025, a 22.8% increase compared to the previous year, reported the ABPIP (Brazilian Association of Independent Oil and Gas Producers). This growth mainly reflects the expansion of... Continue Reading →
Feb 5 (Reuters) - Argentina could surpass last year's record energy trade surplus in 2026, supported by infrastructure that has improved the country's capacity to ship oil and gas from the Vaca Muerta shale formation, analysts said. The 2026 energy trade surplus could range from $8.5 billion to $10 billion, and would depend mainly on... Continue Reading →
Brazil Energy Insight 