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March 5 (PN) SISTAC, which operates in the Brazilian market for inspection, maintenance, and repair of submerged structures for the oil and gas industry, announced that it has signed a contract with the Norwegian company BW Energy to perform subsea inspection services on the FPSO Cidade de Vitória, using the vessel SISTAC Esperança. The operations... Continue Reading →
March 4 (Reuters) - Brazilian sugar and ethanol producer Raizen said on Wednesday it is analysing a proposal for a Shell-led 4 billion real ($765 million) capital injection, while indicating that a solution to its debt crisis could be implemented in an out-of-court restructuring process. Raizen, a joint venture between Shell and Brazilian conglomerate Cosan, has been... Continue Reading →
Rio de Janeiro, March 3, 2026 - 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 February. Key: (1) Monthly production was impacted by isolated events, all of which have been resolved: (i) in Frade, operations were limited by... 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 (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 →
March 3 (Reuters) - London listed oil company Shell is committed to investing 3.5 billion reais ($667.84 million) in troubled sugar and ethanol maker Raizen, the energy company's Brazil CEO said on Tuesday. Raizen has reported a string of losses and soaring net debt in recent quarters amid costly investments and poor weather negatively impacting crops,... Continue Reading →
March 2 - In January 2026, Brazil produced 5.168 million barrels of oil equivalent per day (boe/d) of oil and natural gas. The data was released today by the ANP in its Monthly Oil and Natural Gas Production Bulletin. Regarding oil, 3.953 million barrels per day (bbl/d) were extracted, a decrease of 1.5% compared to... Continue Reading →
Feb. 28 (oilprice.com) Once one of South America’s poorest countries, Guyana is now ranked among the world’s richest because of the vast petroleum wealth contained in its territorial waters. A swath of major oil discoveries in the offshore Stabroek Block by operator ExxonMobil, with partners Chevron and CNOOC, saw Guyana emerge as a major oil producer and... Continue Reading →
Feb 28 (oilprice.com) Last year was an event-filled period for South America’s growing oil industry. The continent’s energy map is being rewritten by a few unexpected world-class oil booms, which makes the region a key source of non-OPEC production growth. There is also the potential for Venezuela to reemerge as a major petroleum producer after U.S.... Continue Reading →
Brazil Energy Insight 