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Nov 7 (Reuters) - Brazil's Petrobras expects annual capital expenditures to be between the midpoint and top of its current estimates, as it rolls out investments faster than expected, the state-run oil company's chief financial officer said on Friday. After investing $5.5 billion in the third quarter, Petrobras' cumulative capex for the first nine months of 2025 reached... Continue Reading →
November 6, 2025 – Petrobras informs that its Board of Directors (CA), in a meeting held today, approved the payment of interim dividends in the amount of R$ 12.16 billion, equivalent to R$ 0.94320755 per common and preferred share in circulation, as an anticipation of the remuneration to shareholders related to the fiscal year 2025,... Continue Reading →
Nov. 6 - Petrobras achieved a net profit of R$ 32.7 billion (US$ 6 billion) in the third quarter of 2025. Compared to the second quarter of 2025, profit grew by 23%. The operational performance of this quarter, driven by oil and gas production of 3.14 MMboed (million barrels of oil equivalent per day), led... Continue Reading →
Oct. 31 - The Búzios field, operated by Petrobras in the Santos Basin, reached on Wednesday (10/29) a record daily average production of 1 million barrels per day, surpassing the previous mark of 900 thousand reached in August. The largest field in the country in reserves, Búzios is the second Petrobras field to exceed the production mark of 1 million barrels per day. The... Continue Reading →
Nov. 3 - Petrobras has contracted Allseas to provide a subsea solution with rigid risers for the Atapu-2 pre-salt field, located 230 kilometers off the coast of Rio de Janeiro. The contract, obtained through a bidding process, covers the design, acquisition, construction, and installation of 143 kilometers of rigid risers and pipelines in water depths... Continue Reading →
Nov. 3 (offshore-energy.biz) Three pipelay support vessels (PLSVs) owned by a joint venture of DOF and TechnipFMC have secured contract extensions with Brazil’s oil and gas firm Petrobras. The current contracts of the 142-meter-long Skandi Vitória and Skandi Niterói have been extended from the fourth quarter of 2025 until the first quarter of 2027. The three-year contracts announced in June 2024 will... Continue Reading →
Oct 30 (Reuters) - Brazil's Petrobras has authorized studies for a logistics center in the Amazonian state of Amapa, where the state-run oil firm started exploring in a promising offshore block last week, state Governor Clecio Luis told Reuters. The company's logistics subsidiary Transpetro will do the studies, Luis said, adding the center would support... Continue Reading →
Oct. 29(Reuters) Brazil's state-run oil firm Petrobras is in negotiations with SBM Offshore over two floating production vessels to be commissioned for its Sergipe deepwater projects, Petrobras head of Exploration and Production said on Wednesday. Petrobras hopes to lower costs and speed up delivery of the two vessels, Sylvia Anjos said on the sidelines of the OTC conference in... Continue Reading →
Maersk Supply Service, with the support of Maritime Developments (MDL), has completed a complex dynamic riser assembly installation at Brazil’s Mero field in the pre-salt Santos Basin, connecting the deepwater site to a Permanent Reservoir Monitoring (PRM) sensor grid. The project featured MDL’s largest equipment spread to date, mobilized from Peterhead, Scotland, on board the... Continue Reading →
Oct. 28 – Petróleo Brasileiro S.A. – Petrobras announces that the FPSO Almirante Tamandaré, operating in the Búzios field, located in the pre-salt layer of the Santos Basin, reached a record instantaneous production flow equivalent to 270,000 barrels of oil per day (bpd) last Saturday (October 25). On average, the platform’s production exceeded 250,000 bpd... Continue Reading →
Brazil Energy Insight 