Tag Archives: Brazil

Equinor Sells 60% Interest in Peregrino Field to PRIO for USD 3.35 Billion as Part of International Portfolio Optimization

(IN BRIEF) Equinor Brasil Energia Ltda., a subsidiary of Equinor ASA, has finalized an agreement with PRIO Tigris Ltda. for the sale of its 60% operated interest in the Peregrino field offshore Brazil. The total transaction value amounts to USD … Read the full press release

CMA CGM Group Completes Acquisition of Controlling Stake in Santos Brasil

(IN BRIEF) CMA CGM Group has completed its acquisition of 47.9% of Santos Brasil, increasing its stake to 51% and becoming the controlling shareholder. Following the acquisition, CMA CGM will launch a mandatory tender offer for the remaining shares, with … Read the full press release

Nordex Group Q1 Performance Surges to 2.2 GW with Increased ASP and Strong Orders from Türkiye, Germany, and Finland as 337 Turbines Are Booked Across 10 Countries

(IN BRIEF) The Nordex Group reported a 5 percent year-on-year increase in order intake for Q1 2025, reaching 2,182 MW in its Projects segment (excluding the Service business), up from 2,086 MW in Q1 2024. In addition, the average sales … Read the full press release

Banco Santander Fuels Social Progress with EUR 166 Million Investment in Education and Crisis Relief

(IN BRIEF) Banco Santander has committed EUR 166 million in 2024 to a wide array of initiatives supporting education, employability, entrepreneurship, and financial literacy, impacting five million people across its operational regions. The investment, split between EUR 104 million for … Read the full press release

BASF Signs $1.15 Billion Deal to Sell Brazilian Decorative Paints Business to Sherwin-Williams

(IN BRIEF) BASF has reached an agreement to sell its Brazilian decorative paints business to Sherwin-Williams for $1.15 billion. This divestiture, which is part of BASF’s strategy to unlock value through active portfolio management, includes production sites, brands, and approximately … Read the full press release

Rheinmetall to Provide Advanced Simulators for C-390 Aircraft to the Netherlands in Multi-Million Euro Deal

(IN BRIEF) Rheinmetall has been awarded a contract by Embraer to supply advanced simulators for the Royal Netherlands Air Force’s C-390 aircraft, including a Full Flight and Mission Simulator (FFMS) and a Cargo Handling Station Trainer (CHST). These simulators, set … Read the full press release

Global Survey Reveals Majority Support for Social Media Moderation to Combat Harmful Content

(IN BRIEF) A global survey conducted by the Technical University of Munich (TUM) and the University of Oxford revealed that the majority of social media users want content moderation to prevent harmful material, including violence and defamation. Most respondents favored … Read the full press release

Engepack Partners with ABL to Enhance Operational Efficiency with Asset Integrity Management Audit

(IN BRIEF) Engepack, Brazil’s leading PET packaging manufacturer, has partnered with ABL to conduct an operational excellence audit at its Simões Filho plant. The audit will evaluate asset management systems to enhance efficiency, reduce risks, and ensure the plant operates … Read the full press release

Siemens Expands Industrial-Grade Private 5G Infrastructure to Enhance Connectivity Across Europe and Brazil

(IN BRIEF) Siemens has enhanced its industrial-grade private 5G infrastructure to support larger industrial areas, now covering up to 24 radio units, each providing connectivity for 5,000 m². This solution is available in six European countries and Brazil, with more … Read the full press release

ANDRITZ to Modernize Governador Parigot de Souza Hydropower Plant, Boosting Brazil’s Clean Energy Capacity

(IN BRIEF) ANDRITZ has been selected by Companhia Paranaense de Energia (COPEL) to modernize the Governador Parigot de Souza hydropower plant in Curitiba, Brazil. The project will include upgrades to key components such as Pelton turbines, generators, and electrical systems, … Read the full press release

Barco Brings Belgian Innovation to Life with Spectacular Projection on Christ the Redeemer in Rio

(IN BRIEF) Barco will showcase its advanced projection technology in a stunning video mapping event on Christ the Redeemer in Rio de Janeiro, as part of Belgium’s economic mission to Brazil led by HRH Princess Astrid from November 23 to … Read the full press release

Kuehne+Nagel and Azul Linhas Aéreas Partner to Empower Amazonian Communities and Promote Sustainable Development

(IN BRIEF) Kuehne+Nagel and Azul Linhas Aéreas have partnered to support Amazonian riverside communities by connecting small producers and cooperatives to national and international markets. This initiative is part of the ARA Movement – All Amazons Under the Same Blue … Read the full press release

Saab’s F-39E Gripen Makes Strategic Debut at Brazil’s CRUZEX 2024 Air Exercise

(IN BRIEF) The Saab F-39E Gripen fighter jet is making its debut at CRUZEX 2024, Latin America’s largest air exercise, hosted by the Brazilian Air Force. Held at Natal Air Base, the event includes over 2,000 personnel and 100 aircraft … Read the full press release

Shell Brasil Begins Production at Mero-3 FPSO, Boosting Offshore Capacity in Brazil’s Santos Basin

(IN BRIEF) Shell Brasil has launched production at the Marechal Duque de Caxias FPSO (Mero-3) in Brazil’s Mero field, part of the Santos Basin, with an output capacity of 180,000 barrels of oil per day. This FPSO, located 200 kilometers … Read the full press release

TotalEnergies to Sell Brazilian Fuel Distribution Network to SIM Distribuidora as Part of Strategic Shift

(IN BRIEF) TotalEnergies has signed an agreement to sell its fuel distribution business in Brazil to SIM Distribuidora, a company under Grupo Argenta. The deal includes approximately 240 fuel stations and several storage facilities. This move is part of TotalEnergies’ … Read the full press release

Novo Nordisk Launches Global Childhood Obesity Initiative to Support Healthier Urban Communities

(IN BRIEF) Novo Nordisk has launched the Childhood Obesity Prevention Initiative, aimed at combating rising obesity rates among children in underserved urban communities across six cities worldwide. Backed by an investment of over 250 million Danish kroner and a coalition … Read the full press release

Wood and Petrobras Collaborate to Revolutionize FPSO Design for Enhanced Safety and Sustainability

(IN BRIEF) Wood has entered a partnership with Brazilian national oil company Petrobras to develop innovative concept studies for future Floating Production Storage and Offloading (FPSO) units. The collaboration aims to optimize performance and reduce emissions over the next decade. … Read the full press release

ANDRITZ Secures Contracts to Boost Brazilian Grid Stability with Synchronous Condensers

(IN BRIEF) ANDRITZ, an international technology group, has secured two contracts in Brazil to supply 330 MVAr synchronous condenser systems, which are essential for improving grid stability in regions increasingly reliant on renewable energy sources like wind and solar. These … Read the full press release

Iberdrola’s Neoenergia Achieves Milestone with 1,000+ Women Trained at Electricians’ School in Brazil

(IN BRIEF) Iberdrola’s Brazilian subsidiary, Neoenergia, has successfully trained over 1,000 women through its Electricians’ School, a pioneering program recognized globally by WeEmpower and other international organizations. The milestone was celebrated with notable attendees including Brazil’s Minister of Mines and … Read the full press release

Telefónica Strengthens Commitment to Brazil, Plans Continued Expansion in Key Market

(IN BRIEF) Telefónica’s Chairman, José María Álvarez-Pallete, met with Brazilian President Luiz Inácio Lula da Silva to reaffirm the company’s strong commitment to Brazil, one of its key markets. Telefónica, which leads the Brazilian telecommunications market through its Vivo brand … Read the full press release