Bruno Moretti, current special secretary to the presidency, is in pole position to lead Petrobras’ board of directors after Pietro Mendes’ resignation for a regulatory role.
Indonesia Energy Corporation signs a memorandum of understanding with Aguila Energia to identify oil and gas assets in Brazil, marking a first incursion outside its domestic market.
Driven by rising industrial demand and emerging capacities in Asia, the global petrochemicals market is expected to see sustained expansion despite regulatory pressures and raw material cost challenges.
Indian imports of Brazilian crude reach 72,000 barrels per day in the first half of 2025, driven by U.S. sanctions, and are expected to grow with new contracts and upstream projects between Petrobras and Indian refiners.
Electric vehicle charging infrastructure investments are expected to hit $300 billion by 2040, driven by a 12.3% annual increase in global charging port deployments.
Petrobras is holding talks with SBM Offshore and Modec to raise output from three strategic FPSOs, two already at full capacity, to capture more value from the high-potential pre-salt fields.
According to O Globo, Petrobras is exploring an entry into RaÃzen, either through equity investment or asset acquisition, to return to the ethanol market. A decision is expected by the end of 2025, under legal constraints tied to fuel distribution.
A New York appeals court has temporarily frozen the enforcement of a ruling ordering Argentina to transfer 51% of YPF’s capital, pending review of the appeal filed by Buenos Aires.
Karpowership and Seatrium formalize a strategic partnership to convert floating LNG units, strengthening their joint offering in emerging mobile electricity markets.
The International Finance Corporation finances ENGIE EnergÃa Perú to develop solar, wind, and storage projects, with performance indicators targeting efficiency and governance.
Casa dos Ventos has chosen Nextracker to equip four solar and hybrid projects totalling 1.5 GW, marking its first large-scale entry into the solar sector in Brazil.
Valmet will supply and maintain Petrobras’ Neles™ valves across all its operations in Brazil under a one-year contract renewable for up to five years.
FPSO One Guyana begins production as part of the Yellowtail development, with enhanced technical capabilities to optimise reliability and maintenance in deep waters.
TotalEnergies completed the sale of its 45% stake in two unconventional hydrocarbon concessions to YPF in Argentina for USD 500 mn, marking a key milestone in the management of its portfolio in South America.
Scatec has finalised the financing for its 142 megawatt solar project in Minas Gerais, Brazil, marking a new milestone for the Norwegian company in the South American market.
Frontera Energy Corporation confirms the divestment of its interest in the Perico and Espejo oil blocks in Ecuador, signalling a strategic refocus on its operations in Colombia.
Gran Tierra Energy confirms a major asset acquisition in Ecuador’s Oriente Basin for USD15.55mn, aiming to expand its exploration and production activities across the Andean region.
The global solar tracker market is expected to reach $29.31bn by 2030, driven by a compound annual growth rate of 26.2%, notably supported by large-scale photovoltaic projects and recent technological advances, a new study reports.
A report from the think tank Ember reveals that falling battery prices now make year-round solar power generation economically viable in the world's sunniest regions.
Port-au-Prince is without electricity after residents of Mirebalais forcibly shut down a hydroelectric plant protesting government inaction amid escalating gang-related violence.
Global COâ‚‚ emissions reach a record level in 2024, while Europe reports a local decrease but significantly outsources its pollution to emerging economies, revealing a pronounced gap between stated ambitions and economic realities.
The Brazilian energy group Neoenergia has completed the installation of two power transmission lines in the state of Santa Catarina, aiming to enhance the reliability of the national grid, benefiting several key regional cities.
Neoenergia has begun construction of one of Brazil's first green hydrogen plants, aimed at supplying heavy and light vehicles, with an investment exceeding 30 million Brazilian reais ($5.99mn).
Argentine company CompañÃa General de Combustibles is starting operations in the Vaca Muerta shale basin while boosting heavy crude production due to strong local demand and rising prices.
ExxonMobil has been named the most admired upstream exploration company in Wood Mackenzie’s latest annual survey, recognised for its performance in Guyana and its ability to open new resource frontiers.
Vortex Metals has confirmed copper, silver and gold grades at the Illapel project in Chile, while identifying six new conductive targets with high IOCG mineralisation potential.
The Brazilian oil group secured approval from Abidjan to begin negotiations for exploring nine deepwater blocks as part of its business partnerships strategy in Africa.
French group Vallourec announces the integration of Thermotite do Brasil, enhancing its industrial capabilities in Brazil for offshore pipeline coating services.
TotalEnergies has signed an agreement with Shell to increase its stake in Brazil’s offshore Lapa field to 48%, while divesting its interest in Gato do Mato.
The International Energy Agency projects a record-high global energy investment in 2025, driven by electricity and low-carbon technologies despite geopolitical and economic uncertainty.
European Energy has begun commercial e-methanol production in Denmark and reported an EBITDA of €45.9mn, while accelerating its international expansion, particularly in Australia.
Grenergy plans to invest €3.5bn ($3.79bn) to expand hybrid platforms and standalone batteries in Europe and Chile, targeting 18.8 GWh of storage capacity by the end of 2027.
Brazilian group Petrobras formalises its return to Angola with two memorandums of understanding signed with Sonangol and the national oil regulator, targeting offshore exploration without immediate financial commitment.
A memorandum of understanding formalises energy cooperation between the European Union and the Latin American Energy Organization, including permanent EU participation in the organisation’s governance bodies.
Production at the Mero-4 field began on May 24 using a 180,000 barrels/day FPSO, the result of international cooperation among six partners operating offshore Brazil.
