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April 13 (OE) Norwegian offshore vessel owner Solstad Maritime has secured a two-year extension of the current contract for the subsea construction vessel (CSV) Normand Fortress with Petrobras. The extension will start in early July 2026. Under the extended contract, the vessel will provide accommodation services to support production activities on the Brazilian continental shelf.... Continue Reading →
April 13, 2026 - Petróleo Brasileiro S.A. – Petrobras has identified the presence of hydrocarbons in the pre-salt of the Campos Basin, in an exploratory well drilled in Sector SC-AP4 of the Campos Basin, block C-M-477. Well 1-BRSA-1404DC-RJS is located 201 km off the coast of the state of Rio de Janeiro, at a water... Continue Reading →
April 10 - Portuguese engineering company Mota-Engil announced it has signed a new contract with Petrobras worth R$728 million for the execution of services related to the decommissioning of subsea systems in the Campos Basin. The agreement involves engineering, preparation, removal, and final disposal of offshore structures. With an estimated duration of 1,825 days, the... Continue Reading →
April 10 - Subsea7 wins a supermajor contract by Petrobras for the development of the Sépia 2 field in the Santos Basin offshore Brazil. The contract, awarded following a competitive tender, covers engineering, procurement, fabrication, installation and pre-commissioning of subsea umbilicals, risers and flowlines for the project. The company deemed the contract as supermajor, meaning... Continue Reading →
April 9, 2026 – Petróleo Brasileiro S.A. – Petrobras, following up on the announcement made on March 16, 2026, announces that it signed contracts today with Petronas Petróleo Brasil Ltda. for the acquisition of 50% interests in the Tartaruga Verde and Espadarte – Module III fields, located in the Campos Basin. Upon completion of the... Continue Reading →
April 9 (Reuters) A Brazilian federal court has issued an injunction exempting TotalEnergies, Repsol Sinopec, Galp's Petrogal, Shell and Equinor from a tax on crude oil exports, a court document seen by Reuters shows. The Tuesday decision says a 12% tax enacted about a month ago as oil prices spiked due to the U.S.-Israeli war... Continue Reading →
April 8 - Petrobras has submitted the necessary information to IBAMA (Brazilian Institute of Environment and Renewable Natural Resources) to request authorization to drill three more wells in block FZA-M-59, in the Foz do Amazonas Basin, off the coast of Amapá. As is already known to the market, the oil company is currently drilling the... Continue Reading →
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 →
Brazil Energy Insight 