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Rio de Janeiro, May 20, 2026 – Petróleo Brasileiro S.A. – Petrobras, announces that its Board of Directors, at a meeting held today, approved the company’s adherence to the economic subvention program for producers and importers of petroleum‑based fuels, established by Provisional Measure (MP) 1,358, dated May 13, 2026. The economic subvention established under this... Continue Reading →
Rio de Janeiro, May 20, 2026 –Petróleo Brasileiro S.A. – Petrobras (“Petrobras”), further to its release dated December 16, 2025, announces that it has completed the acquisition of a 49.99% equity interest in Lightsource bp’s subsidiaries in Brazil, establishing a strategic partnership in onshore renewable energy in the country, including energy storage. The partnership is... Continue Reading →
May 20 (Reuters) - Colombia's environment ministry said on Wednesday it had approved the environmental viability of the exploratory phase of the Nereidas geothermal project, led by state oil company Ecopetrol , Baker Hughes and utility CHEC, in a step that could help open a new source of round-the-clock renewable power in the Andean country. The... Continue Reading →
May 20 (offshore-energy.biz) French provider of tubular solutions Vallourec has secured two additional line pipe orders from ExxonMobil Guyana Limited (EMGL) for delivery to the Stabroek Block, under the long-term agreement the companies signed in 2021. The combined scope includes the supply of over 145 kilometers of coated line pipe for EMGL’s deepwater Hammerhead and Longtail... Continue Reading →
May 20 (OE) BW Energy has made final investment decisions (FID) for the Bourdon development in the Dussafu license offshore Gabon and a new infill drilling campaign in the Golfinho license offshore Brazil, targeting combined 2P reserves of 68 million barrels of oil equivalent. The company said the two projects are expected to increase net... Continue Reading →
May 20 (OE) QatarEnergy has acquired participating interests in three exploration blocks offshore Uruguay from BG International Limited, a subsidiary of Shell. Under the agreements, QatarEnergy has acquired an 18% interest in block ‘OFF-4’, while Shell held 32%, and APA Corporation (the operator) retained the remaining 50%. QatarEnergy has also acquired a 30% interest in... Continue Reading →
May 19, (oilnow.gy) Staatsolie secured more than US$2 billion in financing in 2025 to fund its 20% participation in Suriname’s GranMorgu offshore oil development, according to Managing Director Annand Jagesar. In a message published in the company’s 2025 Annual Report released on May 15, Jagesar said Staatsolie raised US$516 million through the Staatsolie Bond 2025-2033 and secured... Continue Reading →
May 18 (Reuters) - Omnia, the data center platform of Brazil's Patria Investments, has signed a $2 billion, 20-year energy supply agreement with renewable generator Casa dos Ventos to power a data center it is building for TikTok-owner ByteDance, the companies told Reuters. The data center, located at the Pecem port complex in the northeastern... Continue Reading →
May 15 - Petrobras has decided to develop the Aram discovery in the pre-salt layer of the Santos Basin, said Petrobras president Magda Chambriard this Friday (15). The company expects to have at least two producing wells by 2030, said the executive, in a press conference to discuss the company's investments in the state of... Continue Reading →
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 →
Brazil Energy Insight 