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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 9 sources · 2 days · First seen · Last updated
South American energy sector expansion
Overview
Energy companies are advancing diverse strategic projects across South America, focusing on both fossil fuel expansion and renewable energy integration.
Galp is pursuing growth through renewable energy acquisitions and alliances to achieve scale, while also developing proprietary battery energy management systems. In Brazil, the company is targeting expansion in the Pelotas Basin and the Equatorial Margin, alongside efforts to increase recovery factors in the Santos Basin.
Petrobras is similarly expanding its regional footprint. The company is considering the Syrius natural gas project in Colombia for its 2027-2031 business plan, which utilizes a subsea pipeline design. In Brazil, Petrobras has entered commercial negotiations with Yinson for the P-88 FPSO to support the Albacora field in the Campos Basin, with production expected after 2031.
Entities
Timeline
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4 days ago
[BUSINESS] 3 sourcesPetrobras advances gas projects in Colombia and FPSO negotiations in BrazilPetrobras is negotiating a US$ 2.29 billion FPSO deal with Yinson for the Albacora field and considering the Syrius gas project in Colombia for its 2027-2031 production plan.
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5 days ago
[BUSINESS] 7 sourcesGalp targets renewable energy acquisitions and Brazilian oil expansionGalp is targeting growth through renewable energy acquisitions and energy management services, while simultaneously expanding its oil and gas exploration footprint in Brazil's Pelotas Basin and Equatorial Margi
Sources
abegas.org.br · brasil247.com · climainfo.org.br · eco.sapo.pt · epbr.com.br · forbespt.com · petronoticias.com.br · sapo.pt · viagemegastronomia.com.br