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(Reuters) - Brazil's state-run oil firm Petrobras is weighing options for its Polo Bahia onshore oil fields, including a potential sale, Chief Executive Magda Chambriard said on Saturday, adding that any decision will prioritize returns and shareholder interests. The Polo Bahia hub, consisting of some 28 onshore fields, was previously listed for sale under former President... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that approximately R$33 billion in investments are planned for refining and petrochemical projects in Rio de Janeiro, of which R$29 billion in Petrobras Capex and R$4 billion in another project that operates in synergy with Petrobras assets. The implementation of the integration projects of the Boaventura Energy Complex (Itaboraí... Continue Reading →
(Reuters) - Brazil plans to hold an additional oil auction this year for uncontracted areas in the pre-salt offshore region after Senate approval of legislation that clears the way for the sale, a senior energy official said on Wednesday. The government aims to boost revenue to meet this year's fiscal targets after Congress overturned a presidential decree... Continue Reading →
ANP released the Monthly Bulletin of Oil and Natural Gas Production for May 2025, which contains consolidated data on national production. The month of May registered a record in national oil and gas production, considering pre-salt, post-salt and onshore. With regard to oil, 3.679 million barrels per day (bbl/d) were extracted, an increase of 1.3%... Continue Reading →
(OE) Yinson Production has placed $1.168 billion project bond to refinance floating production, storage and offloading (FPSO) Maria Quitéria, which is operating under a 22.5-year lease and operate contract with Petrobras in the Jubarte field, offshore Brazil. The $1.168 billion 144A/Reg S senior secured notes were issued by Yinson Bergenia Production. The notes are fully... Continue Reading →
Petrobras CEO,Magda Chambriard, announced that the FPSO P-78 has begun its journey to Brazil. The unit, which will be installed in the Buzios field, in the pre-salt layer of the Santos Basin, was in Singapore undergoing integration and commissioning stages. The Keppel/Hyundai consortium was responsible for building the vessel. “And before anyone says that there... Continue Reading →
(oilnow.gy) Brazil’s Foz do Amazonas Basin is being viewed by top industry players as that country’s top offshore frontier opportunity, with Horizon Engage reporting that aggressive bidding there signals strong private-sector belief in the Equatorial Margin as “akin to Guyana’s Stabroek field”. According to Horizon Engage Senior Advisor for Brazil and Energy Transition, Mark Langevin, consortia including Petrobras, ExxonMobil,... Continue Reading →
– Exail, a global leader in inertial navigation technologies, has secured a contract with Brazilian offshore services company Mitang to deliver 30 Quadrans Attitude and Heading Reference Systems (AHRS). These units will be installed on Floating Production, Storage and Offloading units (FPSOs) operated by Petrobras off the coast of Brazil. The Quadrans AHRS provides real-time... Continue Reading →
(PN) The Brazilian Institute of the Environment (Ibama) granted the preliminary license for oil and gas production activities at the Raia Project, operated by Equinor in the pre-salt layer of the Campos Basin. Also, the National Petroleum Agency (ANP) approved the construction of the 200 km gas pipeline that will connect the Raia FPSO to... Continue Reading →
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 →
Brazil Energy Insight 