Oct. 14 - Norwegian offshore supply vessel owner DOF Group has secured long-term contracts for two of its vessels with Petrobras for work offshore Brazil. The contracts, with a combined value of approximately $200 million, are for Skandi Chieftain high-spec subsea vessel and Skandi Olympia DP2 construction support vessel. The vessels have been awarded four-year... Continue Reading →
M&O announces new partnership with the Score Group, a global leader in advance valve engineering and management solutions for the Brazilian market
Oct. 13 - M&O is proud to announce our new partnership with Score Group, a global leader in advanced valve engineering and management solutions, as it enters Brazil’s offshore industry. Score brings world-class valve expertise and extensive inventory to ensure operators have the reliability, performance, and support they need. For over 40 years, Score has... Continue Reading →
Brava Energia – Audit conclusion and partial interdiction of operation in the Potiguar Basin by ANP
Oct. 13 - BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, and following the Material Fact of October 9, 2025, informs its investors and the market in general that the audit carried out by the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) in the Potiguar Basin was... Continue Reading →
Sea1 Offshore Finds Work for its PSV off Brazil
Oct. 13, (OE) Sea1 Offshore, formerly Siem Offshore, has secured a new contract for its platform supply vessel (PSV) Sea1 Atlas. The contract for Sea1 Atlas PSV is in Brazil and has a duration of three years, along with six-month option at market terms. The start of operations is scheduled for the first quarter of... Continue Reading →
Brazil to begin construction on TikTok data center in six months, minister says
Oct 10 (Reuters) - Construction on a TikTok data center in Brazil will begin in six months, an official said on Friday, with the project expected to bring in some 50 billion reais ($9.11 billion) in investment. "Six months from now, we will begin construction to host TikTok's data center," Mines and Energy Minister Alexandre... Continue Reading →
Brazil’s Petrobras set to supply 20% of country’s demand for nitrogen fertilizers in 2026
Oct 9 (Reuters) - Brazilian state-run oil company Petrobras will be able to deliver about 20% of the country's total demand for nitrogen fertilizers next year as it restarts operations at three local plants, CEO Magda Chambriard said on Thursday. Petrobras' Bahia and Sergipe plants, both in Brazil's northeastern region, are expected to supply 5% and... Continue Reading →
Brazil announces new auction to lure foreign capital into green projects with FX hedge mechanism
Oct 8 (Reuters) - Brazil's government on Wednesday detailed a new Eco Invest auction to attract foreign equity into innovation and sustainability projects, offering a foreign-exchange hedge mechanism for the first time. The government will channel Climate Fund resources to financial institutions to structure foreign-exchange and performance risk-hedging mechanisms, which the Finance Ministry said would... Continue Reading →
Brazil’s Petrobras faces $34 million cost as drillship sits idle in Foz do Amazonas
Oct. 9 (Reuters) - Brazilian state-run oil firm Petrobras has racked up 180 million reais ($33.7 million) in costs to keep a drillship on standby in the Foz do Amazonas basin, a company source and a local union said, as it awaits a regulator's decision on a drilling request. The NS-42 drillship arrived in August... Continue Reading →
Brazil risks postponing the first offshore wind auction in 2026
Oct. 8 (Agencia Eixos by Gabriel Chiappini and Gustavo Gaudarde) The Working Group, announced last week, to discuss the regulation of offshore wind power, by the National Energy Policy Council (CNPE), has dashed the hopes of industry representatives that the third Lula administration would hold the first auction for the transfer of land for offshore... Continue Reading →
Brazil’s PPSA Sets R$10.2B Minimum for December Pre-Salt Auction Bids
Oct. 8 - Brazil's government has set a minimum total payment of 10.2 billion reais for an upcoming auction offering stakes in three pre-salt oil fields already in production but not yet contracted, state-run firm Pre-Sal Petroleo (PPSA) said. The auction, scheduled for December 4 at the Sao Paulo-based B3 stock exchange, will offer stakes... Continue Reading →