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March 19 (Reuters) - Brazilian oil regulator ANP will tell state-run oil firm Petrobras to supply the diesel and gasoline volumes that the company would have auctioned this week in deals later canceled, it said on Thursday. This comes within a package of measures to monitor fuel stocks and imports and prevent possible supply problems, the... Continue Reading →
March 18, 2026 /PRNewswire/ -- Sumitomo Corporation do Brasil and Cemvita, Inc. today announced the signing of a Memorandum of Understanding (MOU) to collaborate on integrated bio-methane (Renewable Natural Gas, RNG) and renewable bio-oil (FermOil™) projects in Brazil. The partnership is focused on accelerating the deployment of low-carbon, waste-based fuels and strengthening Brazil's position as a... Continue Reading →
March 19 - Petrobras announces that it has contracted eight power plants from its thermoelectric energy portfolio in the 2026 Capacity Reserve Auction (LRCAP 2026), held today by Brazil’s National Electric Energy Agency (ANEEL) and the Electric Energy Trading Chamber (CCEE), with technical support from the Energy Research Company (EPE). The auction aimed to contract firm capacity for the National... Continue Reading →
March 19 (offshore-energy.biz) Saipem’s underwater inspection drone (UID) FlatFish has completed a test campaign with Brazil’s oil & gas major Petrobras as part of a contract awarded in 2023, ahead of deployment in a real offshore environment. The functional acceptance tests (FAT) were held at Saipem’s underwater drone testing facility in Trieste, Italy, in the... Continue Reading →
March 19, 2026 - PRIO S.A. (the “Company” or “PRIO”) (B3: PRIO3), in compliance with best corporate governance practices, hereby informs its shareholders and the market in general that it has opened the first producing well at the Wahoo Field. Following production stabilization and completion of fiscal metering procedures, the Company will release a further... Continue Reading →
The Brazilian Federal Court of Accounts (TCU) conducted an audit to analyze how Petrobras contracts and operates FPSOs. These vessels are used to process oil and gas at sea, store it, and then transfer it to other ships. They are important for Petrobras because they are more flexible and faster to install than stationary exploration... Continue Reading →
March 18 (Reuters) - Brazil's Finance Ministry on Wednesday proposed that states scrap the ICMS state tax on diesel imports, with the federal government covering part of the resulting revenue losses. Speaking to reporters, Finance Ministry Executive Secretary Dario Durigan said the proposal would imply a revenue loss of about 3 billion reais ($576.89 million)... Continue Reading →
March 18 (offshore-energy.biz) U.S.-headquartered energy technology giant Baker Hughes has won a multi-year deal with Brazil’s state-owned energy giant Petrobras to support critical turbomachinery equipment for the South American country’s offshore and refinery operations. The 60-month service award, for which an agreement was signed in February 2026 with Petrobras following an open tender process, will... Continue Reading →
March 18, 2026 – Petróleo Brasileiro S.A. - Petrobras informs a new gas discovery in the Copoazu-1 exploratory well, located in Block GUA-OFF-O in deep waters offshore Colombia. This discovery consolidates the gas province and the gas potential in the Colombian offshore, while also adds a greater volume of gas to contribute to the region’s... Continue Reading →
March 17 (Reuters) - Bolivian President Rodrigo Paz said on Tuesday that his country wanted to restart a relationship with Brazilian state oil firm Petrobras (PETR3.SA), opens new tab under new, clearer energy regulations. Paz said his government was working to quickly update the regulations to make them fair for Bolivia and foreign investors, and that its... Continue Reading →
Brazil Energy Insight 