Brava Board Backs Ecopetrol’s US$534M Takeover Bid
Brava Energia’s board recommends shareholders accept Ecopetrol’s tender offer ahead of the August 5 auction. See why the non-binding OPA...
July 25, 2026Section
Oil and Gas Business
Oil and Gas Industry News in Rio de Janeiro and Brazil
Petrobras Bets US$11bn on Sergipe to Build a Northeast Gas Hub
Petrobras is investing R$60bn in its Sergipe SEAP project to build a Northeast gas hub, lifting the region's share of...
July 25, 2026
Guyana Orinduik Block Licence Decision Looms in 2026
Eco Atlantic and Navitas expect a new Orinduik block licence in Guyana by the third quarter of 2026, a non-Exxon...
July 24, 2026
Brent Crude Hits US$100 as Houthi Attacks Disrupt Red Sea
Brent crude rose above US$100 a barrel, its first time since May, after Houthi attacks on Saudi tankers in the...
July 23, 2026
Repsol Bets on Venezuela Oil, Sidelines $5.2Bn Debt
Repsol parks $5.4B in Venezuelan debt to chase a 50% output surge within a year, CEO confirms focus is on...
July 23, 2026
Trafigura Makes Its First Power Trade in Brazil
Trafigura enters Brazil’s free power market with a R$750M (US$147M) deal, taking over a CGN Brasil Energia contract. Its first...
July 23, 2026
Chevron asks US court to enforce $224 million Ecuador award
Chevron asks a US court to enforce a $224M arbitration award against Ecuador, a new twist in the decades-long battle...
July 23, 2026
Five Groups Fight for Argentina’s Biggest Gas Distributor
Five groups fight for Metrogas sale, Argentina's largest gas distributor with 2.5M users. The 70% YPF stake is worth US$560M...
July 23, 2026
Batista Brothers Expand Venezuela Oil Bet With PDVSA Stake
Brazil’s Batista brothers are deepening a Venezuela oil bet: their Fluxus firm took a 49% stake in a PDVSA joint...
July 23, 2026