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Feb. 6 (OE) BW Energy has informed that one of the existing joint venture partners in Angola's offshore blocks 14 and 14K has indicated its intention to exercise pre-emption rights in relation to the previously announced acquisition agreement. BW Energy and its partner Maurel & Prom had been notified of the move by a joint... Continue Reading →
February 6, 2026 – Petróleo Brasileiro S.A. – Petrobras announces that it has acquired a 42.5% stake in Block 2613, located offshore in the Republic of Namibia, Africa. The transaction was carried out in partnership with TotalEnergies, which also acquired 42.5% and will act as the operator of the block. The selling companies are Eight Offshore... Continue Reading →
Feb 5 (Reuters) - HIF Global expects significantly lower costs for its green-hydrogen plant in Brazil and hopes to secure financing for the first of four planned modules in the middle of next year, the company's Latin America chief executive said on Thursday. The e-fuels maker had put a $4 billion price tag on the... Continue Reading →
Feb. 5 - SMST has been selected by Marco Polo Marine to deliver a comprehensive mission equipment package for the company’s first‑of‑its‑kind Commissioning Service Operation Vessel Plus (CSOV‑Plus). The scope comprises an Access & Cargo Tower fitted with a motion compensated gangway (Telescopic Access Bridge L2) and a 100t knuckle boom crane, enabling safe and... Continue Reading →
Feb. 5 (ABPIP) The average production of small and medium-sized oil companies in the country, the so-called independents, was 364,300 boe/d (barrels of oil equivalent per day) in 2025, a 22.8% increase compared to the previous year, reported the ABPIP (Brazilian Association of Independent Oil and Gas Producers). This growth mainly reflects the expansion of... Continue Reading →
Feb. 5 (OE) Stena Drilling’s Stena Evolution drillship has received the Abate (P+) notation from classification society DNV. The Abate (P+) qualifier confirms defined design and control of the vessel’s power generation systems, together with an emission and energy management system aligned with ISO 50001 principles. It also verifies the installation of technical and operational... Continue Reading →
Feb 5 (Reuters) - Argentina could surpass last year's record energy trade surplus in 2026, supported by infrastructure that has improved the country's capacity to ship oil and gas from the Vaca Muerta shale formation, analysts said. The 2026 energy trade surplus could range from $8.5 billion to $10 billion, and would depend mainly on... Continue Reading →
Feb 5 (Reuters) - Wind turbine maker Vestas reported quarterly profit that fell slightly short of expectations on Thursday, driving its shares down as much as 6% even as the firm's CEO expressed confidence in future growth due to surging electricity demand. Vestas' operating profit before special items in the fourth quarter fell to 580 million... Continue Reading →
Feb 5 (Reuters) - Shell missed fourth-quarter profit expectations on Thursday with an 11% drop to the lowest level since early 2021 amid weaker oil prices, but kept its bumper share buyback programme. Shareholders of oil majors have become used to huge buybacks, but lower oil and gas prices ahead of an expected crude and liquefied... Continue Reading →
Feb. 4 - The National Petroleum Agency (ANP) has authorized Petrobras to resume drilling in block FZA-M-059, in the Foz do Amazonas Basin, off the coast of Amapá. As a reminder, activity has been suspended since January 4th, following a loss of drilling fluid on the Foresea drillship ODN-II. In the official letter sent by... Continue Reading →
Brazil Energy Insight 