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November 27, 2025 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors approved, during a meeting held today, the Business Plan 2026-2030 (BP 2026-30). In BP 2026-30, Petrobras maintains the strategies defined in the Strategic Plan 2050 (SP 2050) and reaffirms its vision of being the best diversified and integrated energy company... Continue Reading →
Nov. 27 - Shell Brazil has signed the concession contracts acquired in the 5th Cycle of the ANP's Permanent Offer, consolidating its strategic position in the Santos Basin and growing its position in the deepwater sector in Brazil. The following blocks were granted: S-M-1819, S-M-1821, S-M-1912 and S-M-1914. Shell has exploration rights as operator and... Continue Reading →
Nov 26 (Reuters) - Brazilian state-run oil firm Petrobras' five-year investment plan will see its first cut under President Luiz Inacio Lula da Silva's government due to lower oil prices, three sources familiar with the matter told Reuters. The new plan, to be unveiled on Thursday, is set to have a capital expenditure about 2%... Continue Reading →
Nov. 26 - Petrobras supplied three Transpetro ships with bunker fuel containing 24% renewable content. The operation took place at the São Sebastião Waterway Terminal (Tebar), in São Paulo. The fuel that supplied the vessels is composed of 24% biodiesel supplied by Petrobras Biocombustível (PBio). The ships Zumbi dos Palmares, with approximately 1,300 tons, and... Continue Reading →
Nov. 25 - Petrobras' Bidding Committee announced that it has approved SBM Offshore's proposal in the tender for contracting the Sergipe Deepwater FPSO (SEAP) vessels. The approval was given during the proposal effectiveness evaluation phase. It's worth noting that SBM Offshore offered the lowest prices in the FPSO tender. The Dutch company submitted a total... Continue Reading →
Nov 24 (Reuters) - Brazilian power firm Neoenergia said on Monday that controlling shareholder Iberdrola has filed for a tender offer to take the company private. Spain-based Iberdrola plans the acquisition of up to all common shares issued by Neoenergia at a price of 32.50 reais per share, the Brazilian firm said in a securities filing. In... Continue Reading →
Nov 23 (Reuters) - This year's U.N. climate change summit ended with a tenuous compromise for a deal that skipped over most countries' key demands but for one: committing wealthy countries to triple their spending to help others adapt to global warming. Here are some of the takeaways from the COP30 climate summit held in Brazil's Amazon... Continue Reading →
Nov. 21 - SISTAC, a company operating in the Brazilian market for inspection, maintenance, and repair of submerged structures for the oil and gas industry, has signed a long-term contract addendum with the Norwegian company DOF Subsea for operations in the Campos, Santos, and Espírito Santo basins. The partnership guarantees the continued use of divers... Continue Reading →
Nov. 21 (Oilprice.com) Latin America has all the necessary ingredients for a successful clean energy transition, but can it pull it off? The region has enormous clean energy production potential, and already sources an impressive 70% of its electricity from renewables. However, the necessary infrastructural and policy supports to ensure a secure, sustainable, and just transition are... Continue Reading →
Nov 20 (Reuters) - U.S. President Donald Trump on Thursday removed his 40% tariffs on Brazilian food products, including beef, coffee, cocoa and fruits that were imposed in July to punish Brazil over the prosecution of its former president, Trump ally Jair Bolsonaro. The move follows a similar order by the administration last Friday to remove tariffs on several... Continue Reading →
