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October 22, 2025 – Petróleo Brasileiro S.A. – Petrobras announces that it has acquired both blocks in the Campos Basin for which it submitted offers during the 3rd Cycle of the Permanent Production Sharing Offer conducted by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP), successfully securing 100% of the bids submitted. Petrobras... Continue Reading →
Oct 22 (Reuters) - Brazilian power company Eletrobras announced on Wednesday it is changing its name to Axia Energia, in a development it said will not impact any contractual, business, or regulatory commitments established by the firm. In a securities filing, Eletrobras also said its Sao Paulo-listed ordinary shares' ticker "ELET3" will change to "AXIA3"... Continue Reading →
Oct. 22 - The 3rd Cycle of the Permanent Sharing Offer had seven pre-salt blocks for sale: Esmeralda and Ametista, in the Santos Basin; and Citrino, Itaimbezinho, Ônix, Larimar, and Jaspe, in the Campos Basin. A group of 15 companies are eligible to submit bids during the bidding process: Petrobras, 3R Petroleum, BP Energy, Chevron,... Continue Reading →
Oct. 22 (PN) Petrobras wasted no time in starting drilling the pioneer well in block FZA-M-59, in the Foz do Amazonas Basin, on the Equatorial Margin. The drilling, expected to last approximately five months, began on Monday (20), the same day that Ibama (Brazilian Institute of Environmental Protection) issued the environmental license authorizing the operation.... Continue Reading →
Oct 22 (Reuters) - Brazil's state-run oil firm Petrobras and Norway's Equinor were the big winners in an auction for blocks in Brazil's pre-salt area, acquiring one block each and partnering up for a third one, oil regulator ANP made public on Wednesday. Australia's Karoon Energy also acquired one block, and China's CNOOC and Sinopec formed a consortium to acquire... Continue Reading →
Oct 22 (Reuters) - U.S. shipbuilders and port operators are getting hit in the fallout from President Donald Trump’s campaign to wipe out the offshore wind industry, suffering hundreds of millions of dollars in lost government support, vanishing vessel orders, and an uncertain future for the billions of dollars' worth of investments. The impact represents an unintended... Continue Reading →
Ocy. 22 (OE) Singapore’s Seatrium has received a notice of arbitration from Maersk Offshore Wind’s affiliate, regarding the dispute over the termination of a $475 million contract for a nearly completed wind turbine installation vessel (WTIV) originally intended for Equinor’s Empire Wind 1 project in the United States. The arbitration notice, received on October 21,... Continue Reading →
Oct. 22 (OE) Ocean Winds, the 50-50 joint venture between Portugal’s EDP Renováveis and France’s Engie, has agreed to sell a 20.25% stake in its 500 MW Îles d’Yeu et Noirmoutier offshore wind project in France to Allianz Global Investors for $232 million. Located in Vendée on France’s Atlantic coast, the Îles d’Yeu et Noirmoutier... Continue Reading →
Oct 22 (Reuters) - GE Vernova's profit topped third-quarter expectations on Wednesday, driven by strong equipment orders and surging U.S. power demand from data centers supporting artificial intelligence workloads. Growing power demand from AI and other data-heavy industries is helping power equipment makers like GE Vernova tap long-term growth in U.S., strengthening its grid and turbine... Continue Reading →
Oct 21 (Reuters) - Brazilian state-run oil company Petrobras'could start oil and gas production in the Foz do Amazonas basin within seven years if large reserves are confirmed, the company's Chief Executive Magda Chambriard told Reuters on Tuesday. Brazil's environmental agency Ibama on Monday greenlit Petrobras to drill an exploratory well in Foz do Amazonas, near the... Continue Reading →
Brazil Energy Insight 