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April 23 (Reuters) - Oilfield services provider Baker Hughes beat Wall Street estimates for first-quarter profit, as strong demand in its industrial and energy technology unit offset drilling weakness caused by disruptions in the Middle East. A surge in electricity demand from data centers, along with investments in liquefied natural gas (LNG), gas infrastructure and grid... Continue Reading →
April 23, 2026 – Petróleo Brasileiro S.A. - Petrobras, following up on the announcement of April 20, 2026, informs that it has sent a notification to Novonor S.A. – Em Recuperação Judicial (“Novonor”), formally stating its decision not to exercise the Preemptive and Tag Along Rights provided for in the current Braskem S.A. (“Braskem”) Shareholders’ Agreement.... Continue Reading →
April 23 (oilprice.com) The global energy crisis has reshaped global energy priorities seemingly overnight. The Strait of Hormuz has been closed to virtually all commercial traffic for well over a month now, severely restricting global flows of oil and gas. As a result, global energy prices have skyrocketed, and supplies have tightened, pushing many countries... Continue Reading →
April 23 - BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), in accordance with CVM Resolution No. 44, informs its investors and the market in general that it received a letter from Ecopetrol S.A., a mixed capital company linked to the Ministry of Mines and Energy of the Republic of Colombia, headquartered in Bogotá, D.C.,... Continue Reading →
April 23 (offshoreWIND.biz) The European Commission has identified offshore wind repowering as one of the key measures to strengthen energy security and reduce reliance on fossil fuel imports, as part of its newly unveiled AccelerateEU strategy. Announcing the strategy on 22 April, the Commission highlighted the rapid repowering of large renewable assets, including offshore wind farms,... Continue Reading →
April 23 (oilnow.gy) Saipem reported revenue of €3.5 billion for the first quarter of 2026, with earnings rising on stronger performance in its offshore and onshore engineering and construction segments. The company said on April 21 in Milan that adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 24% year-on-year to €434 million, while... Continue Reading →
April 23 (OE) Deepwater production continues to remain a core part of the long-term energy supply mix. While production from conventional onshore and shallow-water assets is expected to remain broadly flat under our base case, Welligence estimates that global deepwater oil production will grow from its current level of around 8 million bbl/d to close... Continue Reading →
April 23 (OE) With one year since the last AHTS report, we have now started to see the effects of a tightening supply-demand balance as earlier predicted, which has translated into a significant uptick in the North Sea spot market especially. The total global AHTS fleet totals just south of 1,700 vessels, of which roughly... Continue Reading →
April 23 (OE) Over the last few years, the energy trilemma has pivoted away from energy transition to energy security and affordability. As a result, offshore oil & gas exploration and production activity, including deepwater activity, has been relatively healthy. Construction, operational support and decommissioning activity has supported the deployment of large anchor handlers and... Continue Reading →
April 22 (Reuters) - U.S. oilfield services firm Weatherford International (WFRD.O), opens new tab said on Wednesday that oilfield activity in Mexico has normalized and it was starting to get paid after a new financial mechanism helped raise funds for state-run energy company Pemex to pay its suppliers after long delays. Oilfield service companies had significantly reduced... Continue Reading →
Brazil Energy Insight 