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April 6 (OE) Offshore drilling contractor Valaris has secured a multi-year contract extension with Petrobras offshore Brazil and entered into a strategic collaboration agreement with Petronas and Halliburton for offshore development in Suriname. The company said the drillship VALARIS DS-4 was awarded a 1,064-day contract extension with Petrobras, expected to begin in November 2027 in... Continue Reading →
Rio de Janeiro, April 6, 2026 – Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact disclosed on March 31, 2026, announces that its Board of Directors, at a meeting held today, elected Director Marcelo Weick Pogliese as Chairman of the Board, pursuant to §2 of Article 18 of the Bylaws, until the... Continue Reading →
April 6 (oilprice.com) Oil price shocks since the U.S. and Israel first struck Iran, the world’s fifth-largest oil producer, have global markets on edge. The sudden energy crisis, which emerged after Iran closed the Strait of Hormuz, preventing the passage of around a fifth of the world’s oil supply, emphasizes the importance of petroleum production in... Continue Reading →
April 6 (OE) Offshore drilling contractor Seadrill has secured a 1,095-day contract extension for the West Polaris drillship with Petrobras offshore Brazil, adding about $480 million to its backlog. The extension will see the ultra-deepwater drillship continue operations at the Búzios field in the Santos Basin, with the new term expected to begin in January... Continue Reading →
April 6 (OE) Offshore drilling firm Ventura Offshore has secured contract extensions for two offshore units operating in Brazil, adding more than $600 million in backlog. The company said the SSV Victoria semi-submersible rig was awarded a 1,455-day extension of its current contract with Petrobras, expected to contribute approximately $466 million in additional backlog. The... Continue Reading →
April 2 - Transocean announced new contracts and extensions adding approximately US$1 billion to its project portfolio, with notable agreements signed with Petrobras. The Deepwater Orion drillship had its contract extended by 1,095 days with the Brazilian oil company. This extension should add approximately US$420 million to Transocean's portfolio and will keep the unit contracted... Continue Reading →
April 2 (Reuters) - Rising petrochemical prices have buoyed the long-term prospects for Brazil's Braskem, even as the company is racing against the clock to deal with looming interest payments on its debt. The petrochemical producer, with operations in Brazil, the U.S., and Mexico, is considering whether to seek an injunction to avoid a painful... Continue Reading →
April 2 (ANP) Brazil broke its record for oil and natural gas production in February, with 5.304 million barrels of oil equivalent per day (boe/d). The previous record was set in October 2025, with 5.255 million boe/d. There were also records in separate oil and gas production. The data was released today (April 1st) by... Continue Reading →
April 2, 2026 – Petróleo Brasileiro S.A. – Petrobras following up on the announcement of December 1, 2025, informs that the financial settlements related to the first redetermination of the Tupi Shared Reservoir, located in the Santos Basin, have been completed. This follows the approval of the Fourth Addendum to the Production Individualization Agreement (AIP)... Continue Reading →
April 1 (PN) Brazilian demand for platform supply vessels (PSVs) peaked at 140 vessel-years in 2025, driven by new offshore developments and high daily rates. This data comes from a survey by Rystad Energy, authored by Supply Chain specialists Victor Claro and Einar Michel. According to the consultancy, this scenario led shipowners to mobilize foreign-flagged... Continue Reading →
Brazil Energy Insight 