Nov 7 (Reuters) - Brazil's Petrobras expects annual capital expenditures to be between the midpoint and top of its current estimates, as it rolls out investments faster than expected, the state-run oil company's chief financial officer said on Friday. After investing $5.5 billion in the third quarter, Petrobras' cumulative capex for the first nine months of 2025 reached... Continue Reading →
South America to Anchor Non-OPEC+ Oil Supply Through 2030
Nov. 7 (oilprice.com) Oil production from offshore Brazil, Guyana and Suriname, as well as Argentina’s Vaca Muerta shale is well-positioned to supply cost-competitive barrels until 2030. Global oil demand is expected to remain robust throughout the 2030s, putting pressure on currently producing assets to keep pace. Rystad Energy’s research forecasts global liquids demand to peak... Continue Reading →
PetroReconcavo reports net profit of R$ 121.9 million in Q3 2025, a 23% decrease year-over-year
Nov. 6 - PetroReconcavo reports a net profit of R$ 121.9 million in the third quarter of 2025 (Q3 2025), a 23% decrease year-over-year. The lower profit followed a 2% decrease in net revenue, which stood at R$ 786.3 million. PetroReconcavo's average production was 26,400 barrels of oil equivalent (“boe”) per day, a 3% decrease... Continue Reading →
Petrobras informs about shareholder remuneration
November 6, 2025 – Petrobras informs that its Board of Directors (CA), in a meeting held today, approved the payment of interim dividends in the amount of R$ 12.16 billion, equivalent to R$ 0.94320755 per common and preferred share in circulation, as an anticipation of the remuneration to shareholders related to the fiscal year 2025,... Continue Reading →
Petrobras Financial Performance in 3Q25
Nov. 6 - Petrobras achieved a net profit of R$ 32.7 billion (US$ 6 billion) in the third quarter of 2025. Compared to the second quarter of 2025, profit grew by 23%. The operational performance of this quarter, driven by oil and gas production of 3.14 MMboed (million barrels of oil equivalent per day), led... Continue Reading →
COP30 – 30 years of climate talks in six charts
Nov 6 (Reuters) - As leaders gather for the U.N. climate summit in Brazil this month - three decades after the world's first annual climate conference - the data charting progress in the fight against global warming tells a sobering story. Despite years of negotiations, pledges, and summits, greenhouse gas emissions have climbed by a... Continue Reading →
Brava Energia Production Data October 2025
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), informs its investors and the market in general the preliminary and unaudited production data for the month of October 2025. The company recorded an average of 85,200 barrels in October. Highlights include Papa-Terra, which posted its best monthly production since the acquisition in December 2022, and Parque... Continue Reading →
European M.A.R.S. and Porto Central sign MOU to establish shipyard for dismantling oil platforms
Nov. 6 - The project to install a shipyard at Porto Central, currently under construction in Presidente Kennedy, in southern Espírito Santo, has made further progress. M.A.R.S. Europe A/S, the European subsidiary of M.A.R.S. Inc., has signed a new agreement with Porto Central to detail the project for the construction of a world-class shipyard in... Continue Reading →
Brava Energia Earnings Release 3Q25
Nov. 6 - Rio de Janeiro, November 5, 2025 – Brava Energia (“Brava” or “Company”) (B3: BRAV3) herein presents its results for the third quarter of 2025 (“3Q25”), presented in comparison with the pro forma¹ quarterly information for the 3Q24, considering the combined of 3R Petroleum and Enauta. ¹corresponding to the stake held by the... Continue Reading →
Yinson Production’s CFO: Two new project bonds on the 2026 horizon to refinance FPSO duo
Nov. 4 (offshore-energy.biz) Foreseeing no financing woes to hinder its progress, Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, is eyeing refinancing opportunities for two floating production, storage, and offloading (FPSO) units with new project bonds on the cards next year. With a lease-and-operate model as the crown jewel of its... Continue Reading →