Brought to you by Quest Offshore & Southern Cone Consultants
December 16, 2025 – Petróleo Brasileiro S.A. - Petrobras announces that it has entered into an agreement to form a strategic partnership in the onshore renewable energy segment through the acquisition of 49.99% of Lightsource bp's subsidiaries in Brazil. The partnership will be structured as a joint venture, with shared management between Petrobras and Lightsource... Continue Reading →
December 15, 2025 – Petróleo Brasileiro S.A. - Petrobras informs that it has been notified by Novonor S.A. – Em Recuperação Judicial (“Novonor”) and NSP Investimentos S.A. (“NSP Inv.”), a subsidiary of Novonor, regarding the execution of an “Exclusivity Agreement with Shine I Fundo de Investimento em Direitos Creditórios de Responsabilidade Limitada (‘FIDC’), a credit... Continue Reading →
Dec 15 (Reuters) - A strike at Brazil's Petrobras has reached workers in refineries and offshore oil platforms, according to local union FUP, as the state-run oil firm said the mobilization has had no impact on output so far. The firm said on Monday that it has adopted contingency measures to ensure operational continuity, adding... Continue Reading →
Dec. 15 - Petrobras and Shell Brazil launched Carbon Countdown, the largest project ever undertaken to measure, in a standardized way and on a national scale, above- and below-ground carbon stocks in all terrestrial biomes of the country. The companies' mutual interest in the decarbonization process is complemented by the scientific expertise of Esalq/USP, the... Continue Reading →
Dec 15 (Reuters) - Brazilian petrochemical producer Braskem said on Monday that conglomerate Novonor has signed an agreement to sell its controlling stake in the company to private equity firm IG4 Capital. Under the deal, IG4 will share control of Braskem with state-run oil giant Petrobras , the company's second-largest investor. Novonor is set to retain... Continue Reading →
Dec. 15 (TN) Last week, the Ministry of Mines and Energy (MME) and the Energy Research Company (EPE) released the Natural Gas Booklet of the Ten-Year Energy Expansion Plan 2035 (PDE 2035). The document projects a significant increase in national gas production, driven mainly by the pre-salt layer and new initiatives with offshore processing, such... Continue Reading →
Dec. 15 (Reuters) Brazil's state-run oil firm Petrobras has launched an auction to sell two old offshore platforms no longer in production for sustainable recycling, the firm said on Friday. Platforms P-19 and P-26 will be sold separately, said the firm, adding that together they contain about 40,000 tons of steel. The firm has previously... Continue Reading →
Dec. 11 (oilprice.com) Workers at Brazil's Oil & Gas giant Petróleo Brasileiro S.A. (NYSE:PBR), aka Petrobras, have announced a nationwide strike starting December 15, terming the company's latest counteroffer for a labor agreement as "disrespectful”. Petrobras workers have been pushing for changes to the employee compensation structure, claiming there’s a deficit in the retirement fund. However, Reuters cited an... Continue Reading →
Dec. 11 (agazeta.com.br) Petrobras has restructured its low-carbon energy portfolio, reducing its ambition in renewable generation projects and positioning offshore wind energy as a long-term priority. In line with this new strategy, which prioritizes balancing demand and regulatory market evolution, the company maintained only one pilot project in Rio de Janeiro, thus removing broader development... Continue Reading →
Dec. 11 - Petrobras, following up on the Material Fact from November 6, 2025, informs that the distribution of remuneration to shareholders, approved on that date by the Board of Directors, in the amount of R$ 12.16 billion, equivalent to R$ 0.94320755 per common and preferred share outstanding, will be paid as follows, according to the decision... Continue Reading →
Brazil Energy Insight 