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Jan 19 (Reuters) - Swedish investment platform Maha Capital is seeking approval from the United States to acquire an indirect minority stake in a PDVSA-controlled oil firm, Maha's chairman of the board, Paulo Thiago Mendonca, told Reuters on Friday. The firm has until May to exercise an option for a majority stake in a Novonor subsidiary... Continue Reading →
By Rystad Energy Jan. 19 (oilprice.com) The country faces the challenge of reinforcing its pipeline network to absorb growing pre-salt gas while managing declining imports from Bolivia. Although higher volumes of Argentine gas are expected to reach Brazil via Bolivia over the medium to long term, network upgrades will be required to ensure security of supply... Continue Reading →
Jan. 16 - Vessels Contracted by Saipem Are Already En Route to the Campos Basin to Begin Construction of Gas Pipeline Spliethoff, a company based in Amsterdam, has been contracted by the Italian company Saipem to provide engineering, drilling, and construction services for the Raia project gas pipeline in the Campos Basin. The Dutch company... Continue Reading →
Jan. 16 - BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that, on January 15, 2026, it has entered into an agreement for the acquisition of the entire 50% equity interest currently held by PETRONAS Petróleo Brasil Ltda. (“PPBL”) in... Continue Reading →
January 15, 2026 –Petróleo Brasileiro S.A. – Petrobras announces that, in 2025, its oil production reached 2.40 million barrels of oil per day (bpd), exceeding the upper limit of the target (+4%) set in its 2025-2029 Business Plan by 0.5 percentage points. This result represents an 11% increase compared to 2024 production. Total oil and... Continue Reading →
Jan. 15 (OE) MODEC has commissioned Everllence to supply five compressor trains for its new Floating Production Storage and Offloading (FPSO) for the Gato do Mato - Orca Project offshore Brazil. The FPSO will be moored in the pre-salt area of the Santos Basin, approximately 200 kilometers south of Rio de Janeiro, at a water... Continue Reading →
Jan. 14 - The Tupi/Iracema field, located in the pre-salt layer of the Santos Basin, reached a production of 1 million barrels/day this Friday (January 9th), repeating the historic mark first achieved in 2019. This result aligns with Petrobras' new 2026-30 Business Plan, which foresees an increase in oil and gas production through the management... Continue Reading →
Jan. 13 (oilprice.com) Last year, upstream oil investment was projected to have declined 2.5% Y/Y to $420 billion after low oil prices put pressure on producers and slowed expansion plans. Companies across the industry continued to prioritize profitability, free cash flow, and debt reduction over aggressive production growth, a trend reinforced by macro uncertainty. The decline was... Continue Reading →
Jan 12 - Rio de Janeiro has taken a decisive step towards energy transition by approving a public policy specifically aimed at developing offshore wind energy. The new legislation establishes guidelines for the orderly use of maritime space and creates a favorable environment for attracting investments, generating skilled jobs, and strengthening the maritime economy. Regulatory... Continue Reading →
Jan. 11 (OE) French tubular solutions supplier Vallourec has secured a significant contract with Shell for oil and gas project offshore Brazil. The agreement covers the supply of oil country tubular goods (OCTG) products and services for Shell’s offshore operations in the development of the Orca project, formerly known as Gato do Mato. The expected... Continue Reading →
Brazil Energy Insight 