Petrobras informs about lawsuit involving Sete Brasil

Petróleo Brasileiro S.A. – Petrobras announces that it has been served in a lawsuit filed by Sete Brasil Participações S.A. and its subsidiaries (SPEs), seeking, in general terms, compensation for alleged losses related to the Drilling Rigs Project (“Projeto Sondas”). The amount unilaterally claimed by Sete Brasil in the lawsuit is R$ 36 billion. Petrobras... Continue Reading →

Brava Energia signs sale agreement with Petroreconcavo for gas midstream asset in Rio Grande do Norte

BRAVA ENERGIA S.A. (“BRAVA” or the “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that, on this date, it has entered into an Asset Purchase and Sale Agreement (the “Agreement”) with PETRORECONCAVO S.A. (“PetroReconcavo”), regarding the sale of 50% of (i) the Natural Gas Processing... Continue Reading →

Big firms abandon wind energy plans in Colombia amid regulatory shifts, social issues and grid gaps

By  STEVEN GRATTAN Associated Press (AP) — Colombia’s ambitious plans for wind energy development, especially in the resource-rich La Guajira region, are facing serious setbacks as major companies pull out and projects stall, industry experts say. Margarita Nieves, director of the Colombian Offshore Wind Research Network, told The Associated Press that despite large targets — including... Continue Reading →

FPSO-Mounted Carbon Capture Tech

(OE) MODEC and Carbon Clean Solutions have signed a memorandum of understanding (MoU) to continue the development and eventual deployment of floating production, storage and offloading (FPSO)-based offshore post-combustion carbon capture technologies. The agreement seeks to establish the framework in collaborating on how to accelerate the deployment of Carbon Clean’s On-Board Carbon Capture Solution (OCCS)... Continue Reading →

Aurora Energy Services acquire Encomara Strengthening floating wind technology and subsea systems capability

Aurora Energy Services (Aurora) has acquired Encomara, a specialist in floating wind deployment systems and subsea engineering, and will provide significant investment to support the roll-out of its flagship mooring connection technology. The acquisition brings into the Aurora fold Encomara’s innovative SQUID system - a proprietary quick-connect system that integrates pre-installed mooring and electrical connections... Continue Reading →

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