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March 8 (PN) Petrobras is evaluating increasing the production capacity of three platforms to be installed in the Búzios field, in the pre-salt layer of the Santos Basin. The P-80, P-82, and P-83 units were designed to produce up to 225,000 barrels of oil per day each, but the company is studying raising this limit... Continue Reading →
March 8 (PN) Petrobras plans to accelerate the ramp-up of production from the newest platforms in the Búzios field, in the pre-salt layer of the Santos Basin. According to the company's Director of Engineering, Technology and Innovation, Renata Baruzzi, the idea is to anticipate the increase in production from both the P-78 (already in production)... Continue Reading →
March 6 - Petrobras accelerated the pace of its investments last year. In total, the company spent US$20.3 billion in 2025, a 22.2% increase compared to the previous year. Furthermore, this is the company's highest investment level since 2019. The value was also 9.7% above the forecast in the company's 2025-2029 business plan, remaining within... Continue Reading →
March 6 (oilnow.gy) SBM Offshore said the Jaguar floating production, storage and offloading vessel project has reached several construction milestones as work continues toward a planned 2027 start-up offshore Guyana. “Following a safe and successful work program in the Seatrium dry-dock, FPSO Jaguar has been safely relocated and moored quayside for the integration phase,” SBM... Continue Reading →
March 6 - BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), informs its investors and the market in general of the preliminary and unaudited production data for the month of February 2026. Potiguar – The decline in productivity observed in recent months reflects the shutdown of facilities in the region, resulting from the audit concluded... Continue Reading →
March 4 (oilnow.gy) Rystad Energy said TotalEnergies’ GranMorgu development offshore Suriname will feature a 50,000 ton topside and gas-processing capacity of 500 million cubic feet per day (MMcf/d), underscoring the country’s emergence in the floating production, storage and offloading (FPSO) segment. In a February 19 report, Rystad Energy said, “TotalEnergies’ FPSO marks Suriname’s emergence in the FPSO... Continue Reading →
March 4 (OE) CHC do Brazil, part of CHC Helicopter, has been awarded a contract by Equinor to provide crew change support for the Bacalhau field offshore Brazil. The contract began at the start of February 2026. Under the agreement, CHC is operating an S-92A helicopter from its Jacarepaguá base to transport offshore personnel. The... Continue Reading →
March 03, 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, on this date, the Brazilian Institute of the Environment and Renewable Natural Resources (“Ibama”) has granted the Operating License (“LO”) for the Wahoo Field. With the... Continue Reading →
March 3 (Reuters) - The U.S.-Israeli conflict with Iran presents Brazil with an "enormous opportunity" to attract investments to develop its oil assets, Shell's CEO in the country told reporters on Tuesday. Brazil's geopolitical stability and track record as a reliable oil producer give it an advantage over other nations, Cristiano Pinto da Costa said, though... Continue Reading →
March 3 (oilprice.com) South America’s largest economy, Brazil, is on track to be a top 5 global oil producer. During 2023, Brazil received an offer to join the OPEC+ price cartel, but it took until early 2025 for the government in the capital Brasilia to accept membership. This signaled a significant change in government strategy, with... Continue Reading →
Brazil Energy Insight 