(TN) The National Energy Policy Council (CNPE) approved the inclusion of the Cerussita, Aragonita, Rodocrosita, Malaquita, Opala, Quartzo and Calcedônia blocks in the Permanent Production Sharing Offer (OPP). The blocks are located in the pre-salt layer of the Santos Basin. Local Content At the meeting held today, the CNPE also approved a resolution that establishes... Continue Reading →

BRAVA ENERGIA (“BRAVA”) (B3: BRAV3) (“Company”), hereby informs its investors and the market in general of the preliminary and unaudited production data for October 2024. (1) Papa-Terra: On April 16, 2024, 3R Offshore exercised, in accordance with the provisions of the Joint Operating Agreement (JOA), the right of compulsory assignment (forfeiture) of the 37.5% undivided... Continue Reading →

Petrobras informs that its Executive Board has approved today the end of the divestment project of its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBio), which will remain in the Company’s portfolio. This decision is in line with Petrobras’s current strategic guidelines that takes into account the Company’s low-carbon businesses, profitably diversifying its portfolio and ensuring its... Continue Reading →

(Reuters) - Brazil is set to import nearly 900,000 metric tons of thermal coal this month, the highest monthly tally on record and three times the monthly average for 2024 so far, according to data from ship-tracking firm Kpler. The coal buying binge comes as an enduring drought has slashed hydropower output to three-year lows,... Continue Reading →

Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors has decided to continue implementing the Nitrogen Fertilizer Unit (UFN-III), located in Três Lagoas (MS). The decision is based on a careful re-evaluation of the project which, considering the premises of the Strategic Plan 2024-2028 (SP 2024-2028), had its economic attractiveness confirmed for this... Continue Reading →

(Reuters) - Global crude oil prices could drop to about $60 per barrel by 2027 as demand growth slows, say oil analysts at Rystad Energy, chopping a third off next year's peak price as demand tumbles. Their outlook is a reassuring message amid recent Wall Street analysts predicting up to $150 per barrel in the... Continue Reading →

Baker Hughes’ international rig count report indicates that the number of offshore rigs was on an upward trajectory in May 2023, jumping up by 9 units, compared to the month before. The total number of international rigs also experienced an upswing in activity, rising to 965 from 947 units in April 2023. Following the decrease in international offshore... Continue Reading →