Subsea7 has secured a supermajor contract from Petrobras for the Sépia 2 field development in Brazil's Santos Basin. The scope covers SURF services for 17 wells and a gas export line, with offshore operations set to begin in 2029.
Qair has signed a power purchase agreement with Ultragaz for the 192 MW Bom Jardim solar project in Icó, Ceará. The fully commissioned facility will supply 131.5 GWh annually to Brazil's largest LPG distributor, demonstrating flexible PPA structures in the country's evolving renewable energy market.
3 weeks ago • Brazil
The World Bank has approved a $796 million loan to support policy reforms in Brazil's Bahia state, targeting transport infrastructure, digital public services, and clean energy value chains. The operation aims to close infrastructure gaps and boost job creation through integrated road contracting, EV charging frameworks, and rural renewable energy expansion.
3 weeks ago • Brazil
COFCO International has secured a USD 435 million sustainability-linked loan from Standard Chartered with margin adjustments tied to responsible sourcing volumes and supplier due diligence improvements. The facility shifts sustainability-linked financing focus toward social resilience and supply chain compliance in agricultural origination markets.
4 weeks ago • South America;Brazil
OceanPact and CBO have agreed to combine their businesses through a corporate restructuring that will integrate CBO’s holding company into OceanPact, subject to regulatory and shareholder approvals. The merged entity is expected to operate a fleet of 73 vessels with annual revenue exceeding USD 778 million and a backlog of USD 2.7 billion.
1 month ago • Brazil
Equinor and its subsidiary Rio Energy have commenced commercial operations at the 140 MW Serra da Babilônia Solar facility in Brazil, co-located with a 223 MW wind farm. The hybrid complex enhances grid stability and operational efficiencies, marking Equinor’s first integrated solar-wind asset globally.
2 months ago • BrazilThe European Bank for Reconstruction and Development has committed USD 65 million to finance a hybrid 200 MW solar plant and 120 MWh battery storage facility in Aswan, Egypt. This initiative, developed by HAU Energy, marks a critical step in stabilizing the national grid while advancing the country's transition toward a low-carbon energy infrastructure.
The U.S. Army Corps of Engineers has awarded a $113.8 million contract to J.F. Brennan Company for leading-edge invasive carp deterrents as part of the Brandon Road Interbasin Project in Illinois. The award completes Increment I of the ecosystem restoration effort.
CoreMarine and Jumbo Offshore have secured a contract from Southern Energy S.A. to transport, install, and hook up soft-yoke mooring systems for two FLNG vessels in Golfo San Matías. The project supports Argentina’s gas export expansion, with installations scheduled for 2027 and 2028.
NASA has selected Development Seed for a $76 million indefinite-delivery/indefinite-quantity contract to provide R&D services to the Office of Data Science and Informatics at Marshall Space Flight Center. The contract includes a two-year base period with three one-year options through June 2031.