Petrobras Awards Fugro Four Multi-Year Contracts

Petrobras has announced tender results awarding Fugro four significant multi-year contracts for the inspection and monitoring of critical subsea infrastructure in Brazil.  The contracts, once signed, will commence in the fourth quarter of 2025 and span four years with potential one-year extensions. Each of the four day-rate contracts is assigned to a dedicated vessel—two operated... Continue Reading →

Work Starts on Brazil’s First Offshore Wind Project, Pilot Expected to Come Online in 3 Years

(offshoreWIND.biz) Brazil’s SENAI Institute of Innovation in Renewable Energy (ISI-ER) and SENAI’s Rio Grande do Norte branch, SENAI-RN, expect to receive the installation permit for their pilot project, the country’s first offshore wind project to be granted a preliminary licence, within 12 to 18 months and to have it operational within 36 months. Following the... Continue Reading →

Petrobras informs about Incentivized Debentures

Petróleo Brasileiro S.A. – Petrobras, following up on the Material Facts disclosed on May 28 and May 30, 2025, announces that it has concluded the bookbuilding process for the 8th (eighth) issuance of simple debentures, not convertible into shares, unsecured, in the total amount of R$ 3,000,000,000.00 (three billion reais) (“Debenture Issuance”), which will be... Continue Reading →

Eni Sells Plenitude Share to Ares for $2.3B

(Reuters) Italian energy group Eni has sold a 20% stake in its retail and renewables business Plenitude to U.S. alternative investment manager Ares Management Corp for about 2 billion euros ($2.3 billion), it said on Monday. The transaction is part of the Italian group's long-term strategy to find partners to jointly develop its businesses and... Continue Reading →

Galp Secures Three Exploration Blocks in Brazil

(OE) Portugal's Galp has been awarded three offshore blocks as part of Brazil’s fifth Open Permanent Concession bid round. Galp acquired offshore early-stage exploration blocks P-M-1670/1672/1741 in the Pelotas basin, in the southern region of the country. The awarded consortium is composed by Petrobras, as operator with 70%, and Galp with a 30% interest. The... Continue Reading →

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