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Aug. 20 - Alexandre de Gusmão FPSO, the fifth to be installed in the Mero field in the Santos Basin pre-salt, reached peak production, at 180,000 barrels of oil per day (bpd). Mero is the third largest producing field in Brazil, after Búzios and Tupi. “Each unit that reaches the maximum production level envisaged in the project not only contributes to the... Continue Reading →
Aug. 18 - Petrobras has filed a request to drill three wells with the Brazilian Institute of the Environment and Renewable Natural Resources (Ibama) for an environmental license to advance its oil and natural gas exploration campaign in the Foz do Amazonas Basin. This area is located along the Equatorial Margin, off the coast of... Continue Reading →
Aug. 17 (OE) As the market moves toward the end of the summer season in the northern hemisphere, several offshore support vessels are expected to roll off their contracts over the coming months. Shipowners are thus already positioning tonnage for the winter and next summer season. The CSOV market has remained tight over the past... Continue Reading →
August 17, 2026 Bergen, Norway and Rio de Janeiro - Corvus Energy, global market leader in marine energy storage systems, has entered into a strategic partnership with Belga Marine, a distinguished maritime and offshore service provider based in Brazil, to deliver specialized local support, expert aftermarket battery system services, and on-the-ground spare parts storage to... Continue Reading →
Rio de Janeiro, August 14th, 2026 – Petróleo Brasileiro S.A. – Petrobras has identified the presence of hydrocarbons in an exploratory well currently being drilled in Block FZA-M-59, located in deep waters offshore Amapá, within the Foz do Amazonas Basin in Brazil's Equatorial Margin. The Morpho well (1-BRSA-1405-APS) is located approximately 175 km off the... Continue Reading →
Aug. 14 - The Tupi asset, in the pre-salt area of the Santos Basin, has reached cumulative production of 4 billion barrels of oil equivalent (boe), becoming the first in the company's 73-year history to achieve this production volume. The first pre-salt system to begin commercial production, in 2010, it required the development of a new exploration model and pioneering... Continue Reading →
Aug 12 (Reuters) - Braskem, Latin America's largest petrochemical firm, is in advanced talks for a potential out-of-court restructuring that could be filed as early as this month, two people familiar with the matter said on Wednesday The company is grappling with over $10 billion in debt across operations in Brazil, Europe and the U.S.... Continue Reading →
Aug. 10 (PN) Petrobras released the list of companies that submitted bids for the new Albacora FPSO in the Campos Basin. Malaysian company Yinson took the lead in the race, submitting the best offer at US$ 2.297 billion. Four other companies that also submitted bids: China's COOEC (US$ 2.842 billion); India's Shapoorji (US$ 2.9 billion);... Continue Reading →
Aug. 10 (OE) Intermoor, Acteon’s Moorings and Anchors business line, has been awarded a new contract by Petrobras for the provision of inspection, preservation, maintenance, and operational readiness services for subsea interconnection, mooring and anchoring materials. This award marks the third contract secured by Intermoor from Petrobras in less than a year. Under the scope... Continue Reading →
Aug.10 (cnnbrasil) German equipment manufacturer Siemens Energy has signed a contract with the Dutch company SBM Offshore to supply power generation and gas compression systems. These systems will be installed on the P-81 and P-87 platforms, which are destined for Petrobras projects in the Sergipe-Alagoas Basin. The value of the contract was not disclosed. In... Continue Reading →
Brazil Energy Insight 