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 →

October 9, 2025 0

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 →

October 9, 2025 0

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 →

October 8, 2025 0

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 →

October 8, 2025 0

Petrobras discovers oil traces in the Agua Marinha Block

Oct. 7 - Petrobras announced promising results in its drilling program in the Campos Basin. The company notified the National Petroleum Agency (ANP) about the discovery of oil traces in the Agua Marinha block, in well 1-BRSA-1401DA-RJS, in a water depth of 2,601 meters, drilled by the Deepwater Aquila drillship in July. The Agua Marinha... Continue Reading →

October 7, 2025 0

PRIO Operational Data Sept. 2025

Oct. 6 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of September. Key: (1) At the Polvo and Tubarão Martelo cluster, the workover of TBMT-6H well was completed on September 15, and the well returned to production. (2) At... Continue Reading →

October 7, 2025 0

AKOFS Offshore Signs $246M Contract with Petrobras

Oct. 7 (OE) Norway-based subsea well intervention and installation services company AKOFS Offshore has signed a firm contract with Petrobras, for its subsea equipment support vessel AKOFS Santos, which will continue to operate offshore Brazil. Following a competitive tender process, the vessel will continue to perform services as a multi-purpose supply vessel (MPSV) for Petrobras... Continue Reading →

October 7, 2025 0

Navship signs a R$10.2 billion contract with Petrobras to build four RSVs

Oct. 6 - Petrobras announced the chartering of four RSV (ROV Support Vessel) vessels, designed to support subsea operations, in contracts totaling R$10.2 billion. The contract was concluded through a bidding process that began in October 2024. The units will be built at the Navship shipyard, located in Navegantes, Santa Catarina, with delivery scheduled between... Continue Reading →

October 6, 2025 0

Brazil’s Petrobras imports natural gas from Argentina for the first time

Oct 6 (Reuters) - Brazil's state-controlled oil company Petrobras has made its first import of non-conventional natural gas from Argentina's Vaca Muerta reserve in the Neuquen basin, the company said on Monday. In a statement, the firm noted the natural gas was transported on Friday via pipelines from Argentina to Bolivia, and from there to Brazil,... Continue Reading →

October 6, 2025 0

Shell’s Brazil Gato do Mato FPSO Starts Taking Shape

Oct. 6 - MODEC has held a first steel-cutting ceremony for the Gato do Mato floating production, storage and offloading (FPSO) unit, which will be deployed at Shell’s field offshore Brazil. The ceremony was held at the COSCO Qidong Shipyard, marking the start of construction of the the aft block of next-generation hull for the... Continue Reading →

October 6, 2025 0

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Category: Brazil

Brazil announces new auction to lure foreign capital into green projects with FX hedge mechanism

Brazil’s Petrobras faces $34 million cost as drillship sits idle in Foz do Amazonas

Brazil risks postponing the first offshore wind auction in 2026

Brazil’s PPSA Sets R$10.2B Minimum for December Pre-Salt Auction Bids

Petrobras discovers oil traces in the Agua Marinha Block

PRIO Operational Data Sept. 2025

AKOFS Offshore Signs $246M Contract with Petrobras

Navship signs a R$10.2 billion contract with Petrobras to build four RSVs

Brazil’s Petrobras imports natural gas from Argentina for the first time

Shell’s Brazil Gato do Mato FPSO Starts Taking Shape

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