Petrobras: Starting 5th Well in Espírito Santo Block It is drilling in the 1-BRSA-1391A-ESS in block ES-M-596 using a Foresea rig
Tenaris: Increased Vaca Muerta Fracking Capacity With investments of US$ 40 M, Tenaris has added a second unit at the Argentine operation
Petrobras Signs Contracts for Skandi Amazonas and Skandi Rio The DOF Group's AHTSs are expected to start operating in 3Q24, between May and June 2024, respectively.
O&G Regulator Distributes February 2024 Production Royalties About US$ 870 M related to sharing, concession and transfer of funds will be distributed to cities, states and the feds
Petrobras O&G Production +3.7% in 12 Months Despite 2023 annual growth, 1Q24 output of 2.776 million boed was 5.4% lower than in 4Q23
PetroReconcavo and Enerflex Sign MoU for NGPU The goal is to carry out technical and economic feasibility studies for the construction of a natural gas processing unit in the state of Rio Grande do Norte
Graal Expands Network for CNG-Powered Heavy Duty Vehicles Vehicle fuel station chain invests US$ 970,000 in two new high-flow refueling units on the Rio-São Paulo Presidente Dutra highway
Petrobras Seeks Onshore Rigs for Bahia and Amazonas Fields The company launches tender for four large rigs to drill in second half of 202, marking the return of Petrobras to the onshore E&P.
Petrobras and Perenco Sign Contract To Sell Cherne and Bagre Perenco intends to revitalize the assets by connecting the fields to the Pargo field, part of the Pargo Pole, also located in the Campos Basin
Gasmig, Cebgás and Goiasgás Announce Tender for NG Purchases The gas distribution companies launched a joint tender for the supply of natural gas
Carmo Energy Granted Extended Field Life in Sergipe Basin The Sirizinho field, operated by Carmo Energy, has extended its production phase until August 5, 2052
Petrobras Urged to Take Decarbonization Risks in Transition Brazil's Development Bank believes that oil companies tend to be satisfied with the high profitability of the oil and gas sector
PortosRio Concerned About Blueshift's LNG Terminal Project The Port Authority says the project could lead to a loss of productivity at the Port of Itaguaí
Halliburton: Scores Higher Latin American Revenues in 1Q24 They hit US$ 1.1 B, helped by increased activity in several product service lines in Brazil and activities in Ecuador, Mexico and Argentina
Petrobras Says Investments Almost Doubled in 2023 According to the company, they reached US$ 21.4 billion, including direct investments and assets related to the leasing of production units
Rio Registers More Than 1.1 GW from Own Solar Absolar reports the state has more than 118,000 photovoltaic systems on rooftops and small plots of land
Solar Energy Costs Decline 5% in 1Q24 The decline is due to a drop in the price of polysilicon, the main raw material used to make solar panels
Brazil-EU Launch Methane Reduction Project Action to reduce greenhouse gases in the agricultural and urban waste sectors, with guidance from EU Climate Dialogues
Wet Season Ends With Reservoirs Down by Some 29% Preventive management, improved hydrology at the end of the period and the contribution of run-of-river plants prevented further depletion
Albioma Structures US$ 38.8 M to Finance GD Projects The loan will finance up to 65 MW of new photovoltaic projects in various states
Eneva's Plants Generated 1,609 GWh in 1Q24 Thermal plants generated 1,201 GWh, up 101.2% year-on-year
Light Creditors' Meeting Suspended The meeting was rescheduled for May 29, at 2 p.m., after a request from one of the participants at the beginning of the session
Frepel Criticizes Automatic Renewal of Energy Concessions Officials also disapprove of agency's actions in favor of distributors during the first meeting of the entity
Fox Ess to Expand Storage Services in Brazil The company plans to increase bring new technologies from China in hybrid inverters and lithium batteries
Record Quarter for Solar Panel Installations Portal Solar points out that systems totaled US$ 1.55 B in investments and around 100,000 new connections in homes, businesses, industries and rural properties
Great Place To Work® Releases O&G-Specific Ranking The global consultancy has released the second edition of its ranking for the O&G sector for 2023. 20 companies were awarded
Enel Ceará Investing US$ 930 M in its Concession Area by 2026 The proposal is to intensify preventive and corrective maintenance actions to reduce unscheduled shutdowns in the distribution network
Sabesp To Generate Biomethane at Major Wastewater Treatment Plant Tenders will be opened at the end of April to generate 150,000 Nm³ per day at three wastewater treatment plants in the São Paulo metropolitan region
Distributors Demand Standardization of ICMS on Fuels Tax benefits granted by Amapá have made the state the main importer of record of Russian diesel without actually physically importing it
Cemig: Startups Can Receive Up to US$ 310,000 for Projects Inova Cemig.Lab program seeks initiatives for innovative solutions to real challenges;