Aug.11(PN) The Energy Research Company (EPE) recommended authorization for the construction and installation project of the Sergipe Aguas Profundas (SEAP) gas pipeline, presented by Petrobras. The project was analyzed in ongoing dialogue with the National Petroleum Agency (ANP), seeking to ensure the compatibility of the new infrastructure with national energy planning. "EPE's analysis indicated the... Continue Reading →
Petrobras studying initiatives to increase production at the Tupi Field
(PN) Petrobras is conducting two initiatives focused on Tupi, the country's largest producing field, located in the Santos Basin pre-salt layer. The company's Director of Exploration and Production, Sylvia dos Anjos, announced that the asset is receiving special attention with the aim of extracting more value and increasing production in the area. Furthermore, the company... Continue Reading →
Colombia’s offshore energy hopes deflate amid poor discoveries, stricter regulations
Aug 8 (Reuters) - Hopes among foreign energy companies that Colombia's coast could serve as a key source of oil and gas for the future are being dashed as many exploration projects lag expectations, with unwelcomed regulation further deflating optimism. The disappointing finds and regulatory roadblocks are pushing some energy firms to abandon the Andean nation for... Continue Reading →
Petrobras informs about its position on distribution in the Downstream and G&E and Low Carbon segments
Petrobras announces that its Board of Directors, at a meeting held today, approved, within the scope of the strategic elements of the company's Strategic Plan, the inclusion of Petrobras' Positioning in Distribution in the Downstream and G&E and Low Carbon segments, under the following terms: • Positioning in Distribution: Operate in profitable businesses and partnerships... Continue Reading →
Petrobras informs about shareholder remuneration
Aug. 7, 2025 - Petrobras informs that its Board of Directors, in a meeting held today, approved the payment of interim dividends and interest on equity in the amount of R$ 8.66 billion, equivalent to R$ 0.67192409 per outstanding common and preferred share, as an anticipation of the remuneration to shareholders, related to the fiscal... Continue Reading →
Petrobras Reports U$ 4.7 billion Profit in Second Quarter of 2025
August 07, 2025 “Our operational performance in the second quarter was excellent, driven by the implementation of new production systems and improved efficiency in operating fields. These factors allowed us to increase oil and gas volumes, positively impacting financial results and mitigating the impacts of the decline in Brent prices. Net income and adjusted EBITDA,... Continue Reading →
BP-Petrobras partnership on Bumerangue block hinges on CO2 levels, sources say
Aug 6 (Reuters) - A possible partnership between BP and Petrobras to develop the British firm's oil and gas find in Brazil's pre-salt layer would hinge on carbon dioxide levels in the reservoir, three sources at the Brazilian state-run oil firm told Reuters. BP's Chief Executive Murray Auchincloss said on Tuesday that the firm would look to bring in... Continue Reading →
Petronas Looks to Sell Brazil Tartaruga Verde Field Stake
Aug 5 (oilprice.com) Malaysia’s Petronas is looking for buyers for its 50% stake in the Tartaruga Verde field in Brazil, eyeing proceeds of up to $1 billion, Bloomberg has reported, citing unnamed sources. The Malaysian major bought the stake in 2019 from Petrobras, which owns the other 50% of the field, which is located in the... Continue Reading →
Petrobras begins drilling adjacent well in the Sudoeste de Tartaruga Verde Block
(PN) Petrobras has begun drilling an adjacent well in the Sudoeste de Tartaruga Verde Block, in the Campos Basin pre-salt layer. The operation is being conducted by the Brava Star drillship, owned by Constellation, in a water depth of 733.5 meters. The adjacent well aims to test for oil or natural gas in an area... Continue Reading →
Seatrium enlists Axess for compliance work on Brazil-bound FPSOs
(offshore-energy.biz) Norway-headquartered asset integrity management company Axess Group has won contracts with Singapore’s Seatrium to secure compliance with Brazilian standards for six floating production storage and offloading (FPSO) units set to work with Brazil’s state-owned energy giant Petrobras. The Norwegian player disclosed that it will assist Seatrium with Brazilian Regulatory Compliance (BRC) services for six... Continue Reading →