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(Reuters) - Spanish energy company Iberdrola is seeking a partner willing to buy a minority stake in a roughly 1 gigawatt renewables portfolio, according to two people familiar with the matter. The sources described the project as "Romeo 2.0," referring to a 1.3 GW portfolio of wind and solar assets in which Norway's sovereign wealth... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), informs its investors and the market in general the preliminary and unaudited production data for the month of February 2025. Brava reached a record production level in February, registering a significant increase when compared to the previous month. This result is linked to the investments and improvements... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 08/05/2024, 10/03/2024 and 12/05/2024, informs about the Drill Stem Test (DST) in the Sirius-2 well, located in deep waters in Colombia, 31 kilometers off the coats and at a water depth of 804 meters. The DST assessed to approximately 100 meters reservoir interval,... Continue Reading →
(oilprice.com) Latin America has long been a dominant force in the global energy market, built on vast oil and gas reserves. While the world increasingly eyes renewable sources of energy for the future, hydrocarbons remain the bedrock of economic stability for the region. As energy demand evolves, national oil companies (NOCs) must not forsake oil,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following the disclosures dated March 31, 2017, and August 9, 2022, informs that its Board of Directors has approved the settlement agreement to resolve the lawsuit with EIG Energy Fund XIV, LP and others (EIG), The amount related to this contingency is provisioned in Petrobras' Financial Statements and has been... Continue Reading →
Petrobras, following up on the release disclosed on June 12, 2020, announces that its Executive Board has approved today the termination of the divestment project related to the sale of 100% of the shares held by Petrobras International Braspetro B.V. (PIB BV) and other Petrobras subsidiaries, in Petrobras Colombia Combustibles (PECOCO). The decision is in... Continue Reading →
(offshoreWIND.biz) Freja Offshore, a joint venture between Hexicon and Mainstream Renewable Power, has been granted a Natura 2000 permit for the Mareld floating offshore wind farm in Sweden by the County Administrative Board of Västra Götaland. The project is planned to be built approximately 40 kilometres west of Lysekil, off the coast of Bohuslän, in... Continue Reading →
(offshore-energy.biz) Japanese giant MODEC has achieved further progress in the construction of a floating production, storage, and offloading (FPSO) destined for a big upcoming natural gas project off the coast of Brazil, thanks to the workers hired to turn the unit plan into reality, hitting 1 million work hours without lost time injury (LTI) and lost... Continue Reading →
(offshoreWIND.biz) ABS has approved the Front-End Engineering Design (FEED) documents for a deepwater floating offshore wind platform design developed by ECO TLP and Mocean Offshore. According to ABS, with FEED documents approved, the platform design now moves into commercialisation for site-specific projects. “ABS approval for non-site-specific FEED for a wide range of water depths and... Continue Reading →
(Reuters) Guyana's Natural Resources ministry has ordered the country's tax agency to begin a dispute resolution with Exxon Mobil over the recovery of some $214 million in expenses registered by the U.S. oil major. Expenses reported by Exxon as part of its operations at the massive Stabroek offshore block are closely monitored because a consortium... Continue Reading →
Brazil Energy Insight 