Brought to you by Quest Offshore & Southern Cone Consultants
Foresea, a leader in the offshore drilling sector, announced excellent results it obtained in 2024, having achieved an adjusted EBITDA margin of 37% and operating cash generation of over US$ 130 million in the period. In December, the company won a new three-year contract for the Norbe IX drillship — within the Sepia-Atapu consortium. With... Continue Reading →
Petrobras expects to reach a production of 1.5 million barrels of oil per day in the Búzios field in the near future. The information was given by the CEO of the state-owned company, Magda Chambriard, during a Transpetro event. According to her, the increase in production will be supported by a robust hiring of support... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3:BRAV3), pursuant to CVM Resolution No. 44, following the Notice to the Market disclosed on December 17, 2024, hereby informs its investors and the market in general that it signed, on February 7, 2025, with the consortium formed by Azevedo e Travassos Petróleo S. A. (“A&T”) and Petro-Victory Energy... Continue Reading →
(Reuters) - Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental Petroleum in the U.S. Permian basin in Texas. There had been uncertainty over the future of the joint venture after Ecopetrol, which is majority state owned, backed out of a separate deal last August to acquire $3.6... Continue Reading →
(OE) Energy technology company Baker Hughes has secured a contract from ExxonMobil Guyana to provide specialty chemicals and related services for its Uaru and Whiptail offshore greenfield developments in Guyana’s Stabroek Block The multi-year contract includes all topsides, subsea, water injection and utility chemicals for the Errea Wittu and Jaguar floating production storage and offloading... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, further the notices disclosed on April 27, 2022, and January 26, 2023, hereby informs that today it has received from Petro Rio Jaguar Petróleo S.A. (“PRIO”), a subsidiary of PRIO S.A., R$1.025 billion referring to the contingent payment (earnout) related to the oil barrel price for the 2024 fiscal year. ... Continue Reading →
(Reuters) - Chevron Corp reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins pushed its refining business into a loss for the first time since 2020, sending its shares down more than 2%. Chevron CEO Mike Wirth told Reuters the downtrend in refining margins is set to continue this year. The second-largest U.S.... Continue Reading →
(Reuters) Exxon Mobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins. Fourth quarter profit was $7.39 billion. Profit per share was $1.67, beating analyst estimates of $1.56, according to LSEG data. The No. 1 U.S. oil producer reported total earnings of... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3:BRAV3), pursuant to CVM Resolution No. 44, following the material facts disclosed on December 27, 2024 and January 10, 2025, hereby informs its investors and the market in general that, in a meeting held on January 23, 2025, the Board of Directors deliberated on the qualified bidders for the... Continue Reading →
(Reuters) Exxon Mobil signaled on Tuesday that sharply lower oil refining profits and weakness across all its businesses would reduce its fourth-quarter earnings by about $1.75 billion from the prior quarter. The oil major also said in an SEC filing that upstream asset sales would benefit results by about $400 million, but overall impairments would... Continue Reading →
Brazil Energy Insight 