Brazil to join OPEC+, group of major oil-exporting nations
Brazil’s government has approved joining OPEC+, a group of major oil-exporting nations. The move, just nine months ahead of ...
Petrobras starts new production at Buzios, expected to become company's biggest oilfield
Petrobras (NYSE:PBR) said Monday it started production at the Buzios 7 project, the company's sixth project in the Buzios ...
Is Petrobras’ New Discovery Reviving Brazil’s Pre-Salt Oil Boom?
Recently, we reported that Brazilian President Luiz Inacio Lula da Silva has been pressing the country’s environmental regulators to approve oil drilling near the mouth of the Amazon River, arguing ...
Brazil's Petrobras to raise diesel output by 120,000 bpd this year
Brazilian state-run oil firm Petrobras expects to boost its diesel output by some 120,000 barrels per day (bpd) this year due to the expansion of S-10 diesel production in some of its refineries, the ...
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Petrobras' Largest FPSO Begins Oil Production at Buzios Field
Petróleo Brasileiro S.A. - Petrobras PBR has started oil production from its deepwater project offshore southeast Brazil with its largest floating production, storage, and offloading (FPSO) unit, ...
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Transpetro launches tender for LPG/ammonia carriers, tripling gas tanker fleet capacity
The tender refers to vessels with capacities ranging from 7,000 m³ to 14,000 m³, focusing on transporting both LPG and ...
Global oil and gas contract value stable despite recent volume decline, says GlobalData
The global oil and gas (O&G) industry experienced a 15% quarter-on-quarter decrease in the total number of contracts, from ...
Top Renewable Energy Stocks Worth Watching – February 17th
Quanta Services, Bank of New York Mellon, Southern, Petróleo Brasileiro S.A. – Petrobras, and Rockwell Automation are the five Renewable Energy stocks to watch today, according to MarketBeat’s stock ...
Transocean Ltd. (RIG) Q4 2024 Earnings Call Transcript
Good day, everyone, and welcome to today's Q4 2024 Transocean Earnings Call. [Operator Instructions] Please note, today's conference is being recorded. I will be standing by if you should need any ...
Russia says drone attack cut oil via Kazakhstan Caspian pipeline by up to 40%
Russia said oil flows through the Caspian Pipeline Consortium (CPC), a major route for supplying Kazakhstan and exporting to the global market, were reduced by 30-40% on Tuesday after a Ukrainian ...
Brazil-Africa Energy Ties Strengthen As G20 Drives Regional Development
As a prominent member of the G20, Brazil has been actively fostering energy cooperation with African nations, aiming to bolster regio ...
Transocean forecasts $3.85B-$4B revenue in 2025 amid high fleet utilization
Contract drilling revenues for Q1 2025 are expected between $870 million and $890 million, with full-year 2025 projected at $3.85 billion to $4 billion. Operating and maintenance expenses for 2025 are ...