Brazilian oil company Petrobras settled on Monday an individual securities action filed in a U.S. federal court in Pennsylvania by a number of funds affiliated with The Vanguard Group, the firm’s largest shareholder after the Brazilian government.
Brazilian flagship pre-salt oil and gas production, operated by Petrobras, posted another success in May, with an increase of 5.1% compared to April and a 37% growth compared to the same period last year, Kallanish Energy learns.
French renewables developer EDF Energies Nouvelles announced Monday it will acquire an 80% stake in a 115-megawatt (MW) solar photovoltaic project, under construction in south-east Brazil, from Canadian Solar Inc, Kallanish Energy reports.
Brazilian state-controlled oil company Petrobras has terminated its natural gas supply contract with Âmbar Energia, a subsidiary of Brazil’s largest private economic group, J&F Investimentos, due to a breach of anticorruption terms, Kallanish Energy learns.
Expected supply growth from the U.S., Brazil, and OPEC in 2018 will contribute to global oil inventories increasing by 0.1 million barrels per day (MMBPD) in 2018, the Energy Information Administration’s Short-Term Energy Outlook (STEO) projects.
Italian renewables developer Enel has commissioned its largest solar photovoltaic (PV) project in Brazil – the 158-megawatts (MW) Lapa solar park, located in the northeastern state of Bahia, Kallanish Energy learns.
Brazil’s state-run oil company Petrobras expects its crude exports to grow by 47.5% in 2021, while production should increase by 33.8% in the same period, company’s executive manager Guilherme Franca said on Wednesday.
Brazilian oil and gas company Petrobras has put another onshore oil and gas asset for sale, also located in the Solimoes Basin, as part of its $21 billion divestment plan through to 2018, Kallanish Energy reports.