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Feb. 23 - Africa and South America are expected to lead high-impact exploratory drilling in 2026, with a forecast of 19 and 15 wells, respectively, according to the consulting firm Westwood Global Energy Group. In Brazil, the highlights are the Tupinambá well, from BP, and the Morpho well, from Petrobras. In total, the company estimates... Continue Reading →
Feb 20 (Reuters) - Brazil's state-run oil firm Petrobras will look into opportunities in neighboring Venezuela, said the head of Exploration and Production Sylvia Anjos in an interview with newspaper O Globo on Friday. Venezuela has "great potential", but investing in the country is risky, said Anjos, adding that producing in the oil-polluted Lake Maracaibo would put Petrobras'... Continue Reading →
Feb. 20 - Petrobras is close to advancing in a tender to contract the supply of up to 523.2 kilometers of electro-hydraulic umbilicals, including accessories, four termination units (UTAs), as well as the rental of reels and the signing of an agreement for the sharing of an area intended for the storage of materials. The... Continue Reading →
Feb. 20 - Petrobras has already begun preparations to resume drilling of the pioneering well in block FZA-M-059, in the Foz do Amazonas Basin, on the Equatorial Margin. As a reminder, activity has been suspended since January 4th, following a loss of drilling fluid on the Foresea drillship ODN-II. “Petrobras has begun preparations to resume... Continue Reading →
Feb. 20 (OE) Norway-based subsea well intervention and installation services company AKOFS Offshore has signed a firm contract with Petrobras for its Aker Wayfarer vessel. AKOFS Offshore, majority owned by Akastor, said the 2010-built vessel will continue to perform services as a Subsea Equipment Support Vessel (SESV) for Petrobras in Brazil. The contract, valued at... Continue Reading →
February 12, 2026 – Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact published on 11/06/2025 and the Communication published on 12/11/2025, informs that it will pay on 02/20/2026 the first installment of shareholder remuneration referring to the anticipation of compensation related to the 2025 fiscal year, declared in accordance with the balance... Continue Reading →
February 12, 2026 – Petróleo Brasileiro S.A. - Petrobras, further to the release disclosed on December 15, 2025, informs that, at a meeting held on February 11, 2026, its Board of Directors, considering a potential transaction (“Transaction”) involving the transfer of shares of Braskem S.A. held by NSP Investimentos S.A., a subsidiary of Novonor, to... Continue Reading →
Feb. 10 - Petrobras' total oil and natural gas production exceeded the upper limit of its target by 2.8 percentage points (+4%), reaching 2.99 million barrels of oil equivalent per day (boed), representing an 11% increase compared to 2024 production. In 2025, Petrobras achieved its best result in the last ten years by adding 1.7... Continue Reading →
Feb. 10 - Petrobras's P-79 platform, an FPSO-type unit, arrived at the Santos Basin pre-salt this weekend, according to the planned schedule. The unit was towed to its location with the crew on board, a successful strategy already used with P-78 to reduce the time to start production. "Embarking the crew during the voyage to the location allows... Continue Reading →
Feb. 10 - Seatrium, through its wholly owned subsidiary Jurong Shipyard, has started arbitration proceedings against Petrobras Netherlands in connection with a legacy contract for the conversion of the P-54 floating production, storage and offloading vessel (FPSO). The dispute relates to a settlement agreement reached in 2008 following amendments to the original 2004 contract. Under... Continue Reading →
Brazil Energy Insight 