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.
Oil flows to Hungary and Slovakia via the Russian Druzhba pipeline have been halted, following an attack Budapest attributes to repeated Ukrainian strikes.
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.
Karpowership and Seatrium formalize a strategic partnership to convert floating LNG units, strengthening their joint offering in emerging mobile electricity markets.
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.
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.
BP posts a net profit of $1.63 bn in the second quarter 2025, driven by operational performance, an operating cash flow of $6.3 bn and a new $750 mn share buyback programme.
BP has announced the discovery of an oil and natural gas field off the coast of Brazil, in the Santos Basin, marking its most significant find in a quarter of a century.
Fotowatio Renewable Ventures joins forces with Envision Energy for the H2 Cumbuco project, aiming for a 500MW green ammonia plant targeting Brazilian, European, and Asian markets.
In response to the energy transition, Brazil’s oil majors are accelerating their gas investments. It is an economic strategy to maximise pre-salt reserves before 2035.
Gazprom suspends gas deliveries to Moldova starting January 1, citing a $700 million debt dispute. This interruption, in the midst of political tensions, underscores the country's energy dependency.
The halt of Russian gas transit through Ukraine threatens energy supplies in Eastern Europe. Slovakia could face a €150 million cost increase, amplifying political and economic tensions.
Ukrainian President Volodymyr Zelensky accuses Slovak Prime Minister Robert Fico of rejecting alternatives to Russian gas, jeopardizing a €2 billion annual transit agreement with the European Union.
The disruption on the Druzhba pipeline, connecting Poland to Germany, halts 20% of Germany’s Kazakh oil supply, with a resumption expected by year-end.
The Bundestag has approved the elimination of the controversial neutrality tax on cross-border gas flows, a long-awaited change that will impact energy exchanges across Europe starting January 2025.
EPH, a Czech group owned by Daniel Kretinsky, acquires a majority stake in Slovenske Elektrarne for 150 million euros, consolidating its presence in the European nuclear energy market.
The European Union strengthens its sanctions against Russia by blacklisting additional ships and entities linked to Rosneft to combat evasion of the G7 price caps on Russian oil exports.
European Energy Commissioner Dan Jorgensen assures that the European Union is prepared to face energy challenges this winter, despite pressure on gas reserves.
The European Union strengthens sanctions against Russia by targeting new tankers involved in the transport of Russian oil and expanding its blacklist of entities supporting Moscow's military effort.
The Brazilian company Automa establishes itself in Europe by opening an office in Portugal and deploying its solutions in five solar power plants in France and Poland in 2024.
The EU-Mercosur agreement promises strategic access to critical resources for green energy. However, it raises concerns about deforestation and pressures on biodiversity, potentially compromising Europe’s climate commitments.
Brazil turns to Argentina to diversify its energy sources. A new transit agreement with Bolivia paves the way for gas imports from the Vaca Muerta basin, strengthening the country’s energy security.
For the week ending December 8, the United States is expected to become Brazil’s leading diesel supplier, delivering 6% more than Russia, according to preliminary data from S&P Global.
The Colombian group Ecopetrol announces a historic investment for 2025, aiming to strengthen oil production, accelerate the energy transition, and improve infrastructure while pursuing its sustainability goals.
Brazil's Angra 1 nuclear power plant, operated by Eletronuclear, has been authorized to operate until 2044. This extension marks a significant step for the country’s energy security and reflects the maturity of its regulatory framework.
In Baku, wealthy nations pledge $300 billion annually by 2035 to assist vulnerable nations facing climate challenges. A promise deemed insufficient amid diplomatic tensions and an urgent climate crisis.
A dispute between Gazprom and OMV disrupts Europe’s energy balance. Despite stable flows via Ukraine, legal and economic tensions increase the challenges of the European Union’s energy diplomacy.
Vaca Muerta, one of the world’s largest shale gas reserves, places Argentina at a major strategic crossroads. Yet, with limited infrastructure, economic challenges, and energy diplomacy complexities, its export ambitions face significant hurdles.
At COP29 in Baku, 25 nations, including the United Kingdom and Australia, pledged to stop building coal power plants. This initiative aims to curb global warming despite a 2% increase in global coal capacity in 2023.
As it prepares to host COP30 in 2025, Brazil, a major oil producer, aims to play a key role in the energy transition by promoting a global discussion on the gradual reduction of fossil fuels.
