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May 26 (Reuters) - Colombia's state oil company Ecopetrol launched a tender offer to acquire control of Brava Energia, the Brazilian energy firm said in a securities filing late on Monday. Offer covers 116.1 million common shares at 23 reais per share, a 15.4% premium over Brava's Monday close Deal represents about 25% of Brava's total... Continue Reading →
May 26 (OE) Karoon Energy has restarted production from the Baúna project offshore Brazil following a planned 28-day shutdown tied to maintenance and revitalization work on the floating production, storage and offloading (FPSO) unit. The company said production has ramped up to approximately 11,500 barrels of oil per day before natural decline resumes. Karoon expects... Continue Reading →
May 25 (oilnow.gy) ExxonMobil proposed Longtail development will incorporate multiple environmental safeguards aimed at reducing impacts on marine ecosystems, water quality, and coastal resources offshore Guyana, according to the project’s Environmental Impact Assessment (EIA) published by the Environmental Protection Agency (EPA) in March. The mitigation and monitoring approaches proposed for Longtail build on environmental management systems and... Continue Reading →
May 25 (offshoreWIND.biz) California remains committed to deploying 25 GW of offshore wind capacity by 2045, according to state officials who were at the recently held 2026 Pacific Offshore Wind Summit, hosted by Offshore Wind California. David Hochschild, Chair of the California Energy Commission, reiterated California’s offshore wind ambitions and said the state would continue... Continue Reading →
May 23 (Reuters) Copenhagen Infrastructure Partners, a Danish firm eager to invest in Italian offshore wind farms, is getting impatient. Two years after the country's 2024 law offered incentives to would-be developers to provide offshore wind capacity, the government has yet to announce a calendar for auctions it said it would hold by 2028. The inertia reflects a reluctance... Continue Reading →
May 22 (Reuters) - Brazil's state development bank BNDES has cut its stake in state-run oil firm Petrobras and in power company Axia Energia , selling shares from both this month, four sources told Reuters on condition of anonymity. Petrobras and Axia, along with electric utility firm Copel and meatpacker JBS , account for the largest... Continue Reading →
May 22 (oilprice.com) Brazilian President Luiz Inácio Lula da Silva has explicitly linked oil exploration and rare-earth mining to Brazil's national sovereignty, declaring that the country’s subsoil resources must be used to drive domestic industrialization rather than enrich foreign nations. Speaking at Petrobras’(NYSE:PBR) giant refinery, Refinaria de Paulínia (Replan), in São Paulo, Lula emphasized that Brazil must actively... Continue Reading →
May 22 (oilnow.gy) ExxonMobil Guyana Limited (EMGL) has issued a request for information (RFI) seeking technical input from suppliers for the potential construction of up to two DP2 chemical carrier platform supply vessels (PSVs). The RFI, published on May 19, outlines plans for a service agreement covering DP2 chemical PSVs designed to carry type I,... Continue Reading →
May 22 (offshoreWIND.biz;) The consortium comprising Oxan Energy, Ingka Investments, and Avapa Energy has submitted an Environmental Impact Assessment (EIA) for the 1.14 GW Sicily South floating wind project to Italy’s Ministry of Environment and Energy Security. The filing of the EIA officially launches the public consultation phase. Now renamed Dentice, the floating wind farm... Continue Reading →
May 22 (Reuters) Brazil's federal tax revenue surged in April, official data showed on Thursday, buoyed by higher oil-related receipts as elevated crude prices linked to the U.S.-Israel war on Iran lifted government intake under President Luiz Inacio Lula da Silva. Total revenue reached 278.823 billion reais ($55.86 billion), up 7.82% in real terms from... Continue Reading →
Brazil Energy Insight 