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By Rystad Energy Jan. 19 (oilprice.com) The country faces the challenge of reinforcing its pipeline network to absorb growing pre-salt gas while managing declining imports from Bolivia. Although higher volumes of Argentine gas are expected to reach Brazil via Bolivia over the medium to long term, network upgrades will be required to ensure security of supply... Continue Reading →
Jan. 16 - BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that, on January 15, 2026, it has entered into an agreement for the acquisition of the entire 50% equity interest currently held by PETRONAS Petróleo Brasil Ltda. (“PPBL”) in... Continue Reading →
January 15, 2026 –Petróleo Brasileiro S.A. – Petrobras announces that, in 2025, its oil production reached 2.40 million barrels of oil per day (bpd), exceeding the upper limit of the target (+4%) set in its 2025-2029 Business Plan by 0.5 percentage points. This result represents an 11% increase compared to 2024 production. Total oil and... Continue Reading →
Jan. 14 - The Tupi/Iracema field, located in the pre-salt layer of the Santos Basin, reached a production of 1 million barrels/day this Friday (January 9th), repeating the historic mark first achieved in 2019. This result aligns with Petrobras' new 2026-30 Business Plan, which foresees an increase in oil and gas production through the management... Continue Reading →
Jan. 13 (oilprice.com) Last year, upstream oil investment was projected to have declined 2.5% Y/Y to $420 billion after low oil prices put pressure on producers and slowed expansion plans. Companies across the industry continued to prioritize profitability, free cash flow, and debt reduction over aggressive production growth, a trend reinforced by macro uncertainty. The decline was... Continue Reading →
Jan. 8 (PN) The National Petroleum Agency (ANP) has requested clarifications from Petrobras before authorizing the resumption of drilling at the Morpho well in the Foz do Amazonas Basin. The activity was suspended after two auxiliary lines connected to the ODN-II drillship, chartered by Foresea, registered a loss of drilling fluid last Sunday. The ANP... Continue Reading →
Jan. 8 - The Brazilian Institute of Environment and Renewable Natural Resources (Ibama) sent an official letter to Petrobras (PETR3;PETR4), requesting technical information about the biodegradable fluid leak accident during offshore drilling activity in Block FZA-M-59, on the Equatorial Margin. The letter was sent by the General Coordination of Environmental Licensing of Marine and Coastal... Continue Reading →
Jan. 8 (OE) Norwegian offshore vessel owner Solstad Offshore has extended the previously agree four-year contract with Petrobras for its anchor handling tug supply (AHTS) vessel Normand Turquesa. The current Normand Turquesa contract with Petrobras has been extended by one year, and the start of the previously announced four-year contract has been amended from the... Continue Reading →
Jan. 6 (PN) The first operational challenge for Petrobras in the search for oil on the Equatorial Margin. The oil company halted drilling at the Morpho well, in block FZA-M-059, off the coast of Amapá last Sunday (4). In a note sent today the oil company explained that it interrupted the activity after identifying the... Continue Reading →
Jan. 6 (OE) Chinese multinational oilfield equipment and services provider Jereh Group has delivered slop treatment units and oil purifiers to CIMC Raffles for Petrobras’ P84 and P85 floating production storage and offloading (FPSO) units, bound for deployment at the Atapu and Sépia fields, off Brazil. The equipment will support slop water and oil separation... Continue Reading →
Brazil Energy Insight 