Brazil announces new auction to lure foreign capital into green projects with FX hedge mechanism

Oct 8 (Reuters) - Brazil's government on Wednesday detailed a new Eco Invest auction to attract foreign equity into innovation and sustainability projects, offering a foreign-exchange hedge mechanism for the first time. The government will channel Climate Fund resources to financial institutions to structure foreign-exchange and performance risk-hedging mechanisms, which the Finance Ministry said would... Continue Reading →

October 9, 2025 0

Fugro Nets Two Multi-Year Contracts to Support Brazil’s Deepwater Oil Push

Sept. 2 (OE) Fugro has signed two three-year contracts with offshore energy services company Constellation to support deepwater exploration activities in Campos Basin and the emerging Equatorial Margin, two of Brazil’s most strategically important regions. Fugro’s work will involve deploying advanced remotely operated vehicles (ROVs) aboard Constellation-managed vessels to carry out subsea equipment inspections, interventions... Continue Reading →

September 2, 2025 0

Equinor eyes tighter gas market as lower oil prices hit Q2 profit

July 23 (Reuters) - Europe's gas market could tighten further ahead of the winter season as storage levels remain well below last year and the continent faces competition from Asia for LNG shipments, the CEO of Norway's Equinor told Reuters on Wednesday. Europe's biggest gas producer said the prospect of a rebound in pipeline gas... Continue Reading →

July 23, 2025 0

Global oil and gas emissions standard put on pause after Shell, others walk away, FT says

(Reuters) Shell and other leading energy groups have abandoned a six-year-long attempt to define a net zero emissions strategy after being told that such a standard would require them to stop developing new oil and gas fields, the Financial Times reported on Tuesday, citing documents seen by the newspaper. Shell, Norway's Aker BP and Canada's Enbridge... Continue Reading →

July 22, 2025 0

Petrobras announces election of new Chief Energy Transition and Sustainability Officer

July 11, 2025 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, in a meeting held today, has elected Angélica Garcia Cobas Laureano as Chief Energy Transition and Sustainability Officer, with a term lasting until April 13, 2027, aligned with the term of the other members of the Executive Board. The nomination... Continue Reading →

July 11, 2025 0

MME replaces National Secretary for Energy Transition, Thiago Barral

(eixos.com.br) On Friday, the federal government dismissed the National Secretary for Energy Transition and Planning of the Ministry of Mines and Energy (MME), Thiago Barral The decision was published in an extra edition of the Official Gazette of the Union (DOU), signed by the Chief of Staff of the Civil House, Rui Costa, while the... Continue Reading →

June 9, 2025 0

Petrobras informs about the Chief Energy Transition and Sustainability Officer

Petrobras, following up on the release of 03/27/2025, informs that its Board of Directors (BoD), in a meeting held today, approved the early termination of the mandate of the Chief Energy Transition and Sustainability Officer, Mauricio Tolmasquim, in a negotiated manner, on 05/27/2025. The Board of Directors also approved the appointment of the Chief Industrial... Continue Reading →

May 24, 2025 0

CEO Magda Chambriard confirms Maurício Tolmasquim’s departure from Petrobras

(eixos) Petrobras CEO Magda Chambriard confirmed that the company's Energy Transition and Sustainability Director, Maurício Tolmasquim, is leaving his position. The decision comes after Tolmasquim was appointed to the Board of Directors of Eletrobras by President Luiz Inácio Lula da Silva. Magda Chambriard spoke to the press during her participation in the Offshore Technology Conference... Continue Reading →

May 7, 2025 0

OTC 2025: Petrobras CEO outlines company’s aggressive E&P plans

(OM) Petrobras has upped its oil and gas exploration budget to develop new frontiers and expand production, even as it intends to foster the “energy transition” and work towards the Net Zero by 2050 goal. Those were among the thoughts offered by Petrobras CEO Magda Chambriard at a technical session held on Monday at the... Continue Reading →

May 6, 2025 0

Colombian oil and gas group proposes measures to mitigate E&P drop

(Reuters) - The main Colombian guild for oil, gas, and energy service companies proposed on Tuesday several measures to mitigate the drop in exploration and production (E&P) of oil and to take on the natural gas deficit in the South American country. Campetrol's proposed measures include declaring offshore projects necessary for future gas supply, adjusting... Continue Reading →

April 29, 2025 0

Blog at WordPress.com.

Up ↑

Category: transition