Brought to you by Quest Offshore & Southern Cone Consultants
Petróleo Brasileiro S.A. – Petrobras informs it has submitted a declaration of interest for exploratory blocks on the offshore areas of the Ivory Coast, a country located on the west coast of Africa. The Ivory Coast government, through its Council of Ministers, approved Petrobras' declaration of interest for nine blocks. This is the first phase... Continue Reading →
(OE) Norwegian offshore vessel operator Solstad Offshore has informed that its two Anchor Handling Tug Supply (AHTS) vessels, hired by Petrobras, have received approvals for work offshore Brazil. Solstad Offshore announced in April that its two AHTS vessels Normand Sigma and Normand Sirius secured contracts with Petrobras, subject to board approvals. The approvals have now been... Continue Reading →
(TN) ANP released the Monthly Bulletin of Oil and Natural Gas Production for April 2025, which contains consolidated data on national production. The month recorded a new record in pre-salt oil and gas production, with 3.734 million barrels of oil equivalent per day (boe/d). This represents an increase of 0.5% compared to the previous month... Continue Reading →
(PN) Petrobras is keeping an eye on the potential of the pre-salt layer in the Campos Basin. The company is expected to start drilling a pioneer well in the Agua Marinha block, auctioned in 2022, this June. The state-owned company is the operator of the area, with a 30% stake, in partnership with TotalEnergies (30%),... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Moody's rating agency has changed the company's global credit rating outlook from positive to stable. According to the agency, the decision follows the change in the outlook for Brazil's sovereign rating, which took place on May 30, 2025. Moody's reaffirmed Petrobras' credit rating at “Ba1”, reflecting the... Continue Reading →
Portuguese company Mota-Engil announced that it has signed a new and important contract with Petrobras worth approximately R$1.56 billion (around 240 million euros). The agreement is estimated to last 60 months and involves a wide range of services related to the decommissioning of subsea assets in three oil fields in the Campos Basin: Marlim, Marlim... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Facts disclosed on May 26, 2025, and May 28, 2025, announces that it has filed today with the Brazilian Securities and Exchange Commission (“CVM”) the registration request for the public offering of simple debentures, not convertible into shares, in up to three series, unsecured, of... Continue Reading →
(Reuters) - Finland's Wartsila is betting that a more nimble way to generate power with ethanol will prove viable in Brazil where similar efforts by major firms floundered a decade ago. Wartsila announced a partnership in March with a power plant in the northeast Brazilian city of Recife, where a four-megawatt engine will burn ethanol for 4,000... Continue Reading →
(CNN) Shell expects to drill an exploratory oil well in the Pelotas Basin, a new exploration frontier, in 2028, said Lucio Prevatti, the company's general manager for exploration and development in Brazil, during an event in Rio de Janeiro. According to him, Brazil needs to find new producing areas to replenish its reserves and meet... Continue Reading →
(TN) MODEC's fleet continues to stand out in the Brazilian offshore production scenario. According to the Dynamic Oil and Natural Gas Production Panel, from April 2025, made available by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), FPSO Guanabara MV31, FPSO Almirante Barroso MV32 and FPSO Carioca MV30 are among the ten largest... Continue Reading →
Brazil Energy Insight 