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Sept. 22 - Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact published on 05/12/2025, informs that it will make today the payment of the second installment of shareholder remuneration relating to the balance sheet of March 31, 2025. The gross amount to be distributed today corresponds to R$ 0.45458309 per outstanding common... Continue Reading →
This year marked the return to boosting oil and gas production, and with it—increased exploration efforts in key basins and promising new frontiers. Guyana, Suriname, Namibia, and Brazil have seen major oil discoveries in recent years. Big oil scaled back on renewable energy investment and has returned to oil and gas exploration. Sept. 19 (oilprice.com)... Continue Reading →
Sept 18 (Reuters) - Colombian state-run energy company Ecopetrol is set to exceed its 2025 goal of drilling 10 oil wells by between 20% and 40%, the company's vice president for hydrocarbons, Rafael Guzman, said on Thursday. The company drilled six wells in the first half of the year, two of which were successful, it has said. "I think... Continue Reading →
Sept. 18 (TN) Petrobras has approved the construction of the São Tomé CCS Pilot Project in Macaé, Rio de Janeiro, a strategic initiative to achieve the carbon neutrality goal by 2050. This is the first CCS (Carbon Capture and Storage) pilot project in Brazil, with infrastructure that allows for the complete integration of CO₂ capture,... Continue Reading →
Sept. 18 (TN) OceanPact has signed two contracts with Petrobras, valued at over R$700 million, to perform marine environmental monitoring services in the oil company's areas of interest. The contracts, signed after a competitive process governed by Law 13.303/16, provide for the collection of environmental samples of water, biota, and sediments, as well as the... Continue Reading →
Sept. 18 (OE) Energy data and intelligence firm TGS has started PAMA Phase II 3D multi-client survey in the Equatorial Margin area offshore Brazil. The first phase covered 19,343 square kilometers and more than 25 future exploration blocks within the Pará-Maranhao Basin, one of the world’s largest, most unexplored, and highly prospective basins. PAMA Phase... Continue Reading →
Brazil's oil production growth is primarily driven by massive investments from Petrobras in prolific pre-salt offshore oilfields, aiming for 5 million barrels per day by 2030. Argentina has become a leading South American oil producer, with significant growth stemming from the successful exploitation of the vast Vaca Muerta shale formation. Guyana's oil production is surging... Continue Reading →
Sept. 18 (OE) The high-specification ultra-deepwater drillship Tidal Action, owned by Hanwha Ocean, has started its maiden contract with Petrobras at Roncador field, offshore Brazil. The Tidal Action arrived in the Guanabara Bay in Rio de Janeiro on July 7, 2025, and has now been deployed to the Roncador field in the Campos Basin offshore... Continue Reading →
Sept. 17 (PN) OceanPact has signed a contract worth over R$1 billion with Trident Energy of Brazil to perform offshore decommissioning services under the EPRD (Engineering, Preparation, Recovery, and Final Disposal) model. The project covers the subsea infrastructure of the remaining production systems of the P-07, P-12, and P-15 platforms in the Campos Basin, with... Continue Reading →
Sept. 17 (PN) This week, Petrobras received a preliminary license from the Brazilian Institute of the Environment (IBAMA) for Stage 4 of the Santos Basin. The project aims to further expand the production and transportation of oil and natural gas from the pre-salt layer. The project involves the installation and operation of 10 platform ships,... Continue Reading →
Brazil Energy Insight 