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May 14 (OE) ABL Energy & Marine Consultants Brasil has been appointed marine warranty surveyor (MWS) for Subsea7’s transportation and installation campaign covering SURF infrastructure for the Mero 3 and Mero 4 offshore developments in Brazil’s Santos Basin. The scope covers subsea pipelines and associated subsea risers and flowlines infrastructure linked to the Mero 3... Continue Reading →
May 13 (Reuters) - Argentina's economy ministry has approved Transportadora de Gas del Sur's application to enter the RIGI large-investment incentive scheme for a $550 million expansion of the Perito Moreno gas pipeline, the company said on Wednesday. The approval covers a project to expand Section I of the pipeline and add 14 million cubic meters... Continue Reading →
May 13 - Petrobras' president, Magda Chambriard, stated that the state-owned company will send delegations from the refining and oil exploration and production areas to Mexico to assess potential business opportunities in partnership with the state-owned Pemex. The new visit of Petrobras representatives to Mexico occurs a few weeks after Chambriard visited the country last... Continue Reading →
May 13 - ANP released a new version of the Permanent Concession Offer (PCO) notice. The document was revised to include 45 new exploratory blocks which, added to the areas already foreseen in the previous version, raise the total number of exploratory blocks to 495 and the number of areas with marginal accumulations available for... Continue Reading →
May 11 (Reuters) - Peru's government has authorized state-run oil firm Petroperu to seek $2 billion in state-insured loans to ensure the continuity of its operations, according to an emergency decree published on Monday. Petroperu, burdened with massive debt and undergoing a fragmented restructuring process, warned last month it needed the funds to avoid halting fuel... Continue Reading →
Seadrill has secured more than $860 million in new contract backlog since February fleet status report, driven by offshore drilling awards and extensions in Brazil, the U.S. Gulf and Angola, lifting its total contract backlog to about $3.1 billion. The offshore drilling contractor said recent awards included a three-year extension for the West Polaris drillship... Continue Reading →
May 11 (OE) New Wave Offshore Energy has been selected by Shell to provide marine warranty survey services for the Orca project in Brazil’s pre-salt Santos Basin. The contract covers marine warranty and assurance services for the offshore development, which is estimated to contain recoverable resources of about 370 million barrels. New Wave Offshore’s scope... Continue Reading →
May 8 (Reuters) - Neoenergia, the Brazilian unit of Spain's Iberdrola, plans to invest 50 billion reais ($10 billion) in its five power distribution companies by 2030 as it seeks to expand in the sector, CEO Eduardo Capelastegui said. The investment plan, an 82% increase from the previous five-year period, comes alongside the renewal of... Continue Reading →
May 8 (OE) Energy services company Weatherford has been awarded a managed pressure drilling (MPD) contract by Ventura Offshore for operations aboard the SSV Victoria semi-submersible drilling rig offshore Brazil. The contract covers operations in Petrobras’ Búzios Field and includes delivery of Weatherford’s G3 Integrated Riser Joint MPD system, along with rig preparation, system integration... Continue Reading →
May 5, 2026 – PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3) announces its earnings for the first quarter of 2026. HIGHLIGHTS OF THE PERIOD Click here for the Earnings Release.
Brazil Energy Insight 