Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.
BW Energy has finalised a $365mn financing for the conversion of the Maromba FPSO offshore Brazil and signed a short-term lease for a drilling rig with Minsheng Financial Leasing.
Viridien and TGS have started a new 3D multi-client seismic survey in Brazil’s Barreirinhas Basin, an offshore zone still unexplored but viewed as strategic for oil exploration.
Brazil’s Cop 30 presidency aims to leverage the Dubai commitments to mobilise public and private actors despite ongoing deadlock in international negotiations.
A prudent limit of 1,460 GtCO2 for geologic storage reshapes the split between industrial abatement and net removals, with oil-scale injection needs and an onshore/offshore distribution that will define logistics, costs and liabilities.
Norwegian group Scatec has signed a power sales agreement with BTG Pactual for its first solar project in Colombia, representing an estimated $110mn investment.
Brasília has officially begun the process of joining the International Energy Agency, strengthening its strategic position on the global energy stage after years of close cooperation with the Paris-based organisation.
Brazilian authorities have launched a large-scale operation targeting a money laundering system linked to the fuel sector, involving investment funds, fintechs, and more than 1,000 service stations across the country.
CATL unveiled in São Paulo its new 9MWh TENER Stack system, designed for the South American market, responding to rising demand for energy storage driven by the growth of renewable energy.
With net output reaching 384.6 million barrels of oil equivalent, CNOOC Limited continues its expansion, strengthening both domestic and international capacities despite volatile crude oil prices.
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.
Petro-Victory and Eneva sign an agreement to exploit non-associated gas from Brazil's São João field, marking a key milestone for the region's energy sector.
ExxonMobil abandons its plan to buy 40% of the Mopane offshore field in Namibia from Galp Energia, leaving other companies in the running for this strategic stake.
Gasoline prices in Brazil remain stable despite a widening gap with imports, posing challenges for the ethanol market and influencing the commercial strategies of fuel distributors.
Exports of liquefied natural gas (LNG) from the United States to Latin America and the Caribbean rose slightly by 7% in August, with flows varying from country to country.
Brent crude oil prices hit their lowest level since March 2023.
OPEC+ postpones production increases, but the market remains skeptical in the face of flagging demand.
Under pressure from falling prices, OPEC+ decided to extend the production cut by 2.2 million barrels per day until December 2024 to maintain market balance.
According to Rystad Energy, demand for hydrocarbons will remain high.
Premium energy basins such as Rub Al Khali and Gulf Deepwater are identified as strategic targets for maintaining production while reducing CO2 emissions.
Petrobras decided to reduce the reinjection of natural gas into new wells, underlining a pragmatic approach that contrasts with Lula da Silva's declared climate objectives at COP28, exposing tensions within Brazil's energy policies.
Algeria joins the New BRICS Development Bank, seeking to diversify its sources of financing and strengthen its position on the international financial scene.
Paraguay, with its low-cost hydroelectricity, has become a center for cryptomining, attracting investment while fighting illegal drifts and corruption in its energy sector.
Scala Data Centers and Serena announce an agreement to supply 393 MW of wind power from 2025, aimed at meeting the growing needs of hyperscale data centers.
Seraphim strengthens its position in the Brazilian solar energy market by signing a 300 MW distribution agreement with Vertys Energy Group, a major player in the distribution of renewable energies in Latin America.
Brazil, through Indústrias Nucleares do Brasil (INB), is reactivating uranium exploration after 40 years, motivated by the lucrative prospects of the global nuclear market.
The offshore wind sector is on course to exceed 520 GW of installed capacity by 2040, despite logistical challenges, with a strong concentration in Europe thanks to floating wind.
Brazil, through Indústrias Nucleares do Brasil (INB), is reactivating uranium exploration after 40 years, motivated by the lucrative prospects of the global nuclear market.
Restrictions imposed by the Operador Nacional do Sistema Elétrico (ONS) in Brazil are disrupting the profitability of wind and solar projects, creating uncertainty for investors in the renewable energy sector.
Prumo Logística and Fuella are collaborating to develop a low-carbon hydrogen hub at the Port of Açu, with targeted production of 400,000 tonnes per year for export and the domestic market.
Prumo Logística and Fuella are collaborating to develop a low-carbon hydrogen hub at the Port of Açu, with targeted production of 400,000 tonnes per year for export and the domestic market.
Brazil plans to add 115 GW of new energy capacity by 2034, with a strong contribution from solar and wind power, according to an analysis by Wood Mackenzie.
Corio Generation and Estaleiros do Brasil (EBR) collaborate to evaluate EBR's infrastructure to support up to 6 GW of offshore wind projects in southern Brazil.
