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June 3 (Reuters) - Major international renewable energy investors are lining up for Brazil’s first battery auction, announced by the government on Wednesday, boosting hopes that the storage units will obtain the financial resources to purchase power from the country's struggling renewable generators. Solar and wind energy projects have been hit by hundreds of millions... Continue Reading →
June 3 (Reuters) - Private equity management firm IG4 Capital and Brazilian state-run oil company Petrobras on Wednesday became the co-controllers of petrochemical firm Braskem, completing a deal signed in April, IG4 said in a statement. Under the new ownership structure, IG4, through investment fund Shine, will hold 50.1% of Braskem's voting shares, it said. Petrobras will... Continue Reading →
June 3, 2026 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of May. Key: (1) Production at the Valente cluster was impacted by the need for replacement of a gas lift line at Frade, leading to a temporary... Continue Reading →
June 3 (Reuters) - Global investors remain wary of signing deals in Venezuela, even after the interim government enacted business-friendly reforms backed by U.S. President Donald Trump, a dozen sources with knowledge of private sector investment deliberations told Reuters. The South American country's efforts to lure foreign investment in sectors as diverse as oil, shipping,... Continue Reading →
June 3 - Brazil registered a record in oil and gas production in April, with 5.640 million barrels of oil equivalent per day (boe/d). The data was released by the ANP in the Monthly Bulletin of Oil and Natural Gas Production. The previous record was registered last month (March 2026), when 5.531 million barrels of... Continue Reading →
Brazil, June 3 (Reuters) - The cars navigating Brazil's crowded streets currently powered by sugarcane or corn-based ethanol could before long run on a cornucopia of fuels made from grains, tubers and other exotic feedstocks. A new wave of biofuel innovation is sweeping the nation, with developers in unexpected corners of the country's farm sector... Continue Reading →
June 2 (Reuters) - Seven U.S. states led by New York sued the Trump administration and a French energy firm on Tuesday for canceling a major offshore wind lease off the coast of New York in exchange for a pledge by the company to invest instead in fossil fuel projects. The lawsuit in the Washington,... Continue Reading →
June 3 (Reuters) - Atlas Renewable Energy, one of South America's largest clean power generators, has put plans for $1 billion in new investments in Brazil on hold as the national grid operator has periodically rejected renewable power, CEO Carlos Barrera said. Atlas - owned by BlackRock unit Global Infrastructure Partners - had planned the projects... Continue Reading →
June 2 (Reuters) - Chevron has applied to join Argentina's incentive regime for large investments for a $13.8 billion unconventional oil project in the El Trapial area of Vaca Muerta, the U.S. oil major said on Tuesday, in what would rank among the biggest new bets on the country's shale patch. The filing, which still requires... Continue Reading →
June 2 (OE) GustoMSC, NOV’s offshore design and engineering business, has developed a new asymmetrical rack-and-pinion technology designed to increase the jacking capacity of offshore wind installation vessels without increasing vessel size, weight or system complexity. The patent-pending asymmetrical rack-and-pinion (ASYM R&P) technology builds on the company’s existing rack-and-pinion jacking systems and is designed to... Continue Reading →
Brazil Energy Insight 