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March 2 (Reuters) - Brazilian state-run oil firm Petrobras sees oil prices under pressure due to the conflict in Iran, but does not usually pass through sudden volatility to the domestic fuel market, its chief executive officer said on Monday. Global oil prices jumped after Iran's retaliatory attacks disrupted shipping through the Strait of Hormuz, following weekend strikes by Israel... Continue Reading →
March 2 - In January 2026, Brazil produced 5.168 million barrels of oil equivalent per day (boe/d) of oil and natural gas. The data was released today by the ANP in its Monthly Oil and Natural Gas Production Bulletin. Regarding oil, 3.953 million barrels per day (bbl/d) were extracted, a decrease of 1.5% compared to... Continue Reading →
March 1 - After a softer 2025, floater backlog is strengthening for 2026 and beyond, driven by early contracting, strong South American demand, and a growing pipeline of 2027+ programs. By the close of 2025, total floating rig backlog days had fallen 25% compared with 2024. This was in large part due to few contract... Continue Reading →
Feb 28 (oilprice.com) Last year was an event-filled period for South America’s growing oil industry. The continent’s energy map is being rewritten by a few unexpected world-class oil booms, which makes the region a key source of non-OPEC production growth. There is also the potential for Venezuela to reemerge as a major petroleum producer after U.S.... Continue Reading →
Feb. 26 (OE) Intermoor, Acteon’s Moorings and Anchors business been awarded a new contract by Petrobras for the provision of stack-up mooring system services in Brazil. This work will support light-workover interventions and abandonment operations on installed subsea Christmas trees across both anchored and dynamically positioned mobile offshore drilling units (MODUs) and well intervention vessels (WIVs).... Continue Reading →
Feb 24 (PN) Petrobras President Magda Chambriard announced that the company completed the anchoring of the P-79 floating production, storage and offloading (FPSO) vessel in the Búzios field, in the pre-salt layer of the Santos Basin, in record time. The activity was completed in just 12 days, an unprecedented milestone for the company among its... Continue Reading →
Feb. 23 - Africa and South America are expected to lead high-impact exploratory drilling in 2026, with a forecast of 19 and 15 wells, respectively, according to the consulting firm Westwood Global Energy Group. In Brazil, the highlights are the Tupinambá well, from BP, and the Morpho well, from Petrobras. In total, the company estimates... Continue Reading →
Feb 20 (Reuters) - Brazil's state-run oil firm Petrobras will look into opportunities in neighboring Venezuela, said the head of Exploration and Production Sylvia Anjos in an interview with newspaper O Globo on Friday. Venezuela has "great potential", but investing in the country is risky, said Anjos, adding that producing in the oil-polluted Lake Maracaibo would put Petrobras'... Continue Reading →
Feb. 20 - Petrobras is close to advancing in a tender to contract the supply of up to 523.2 kilometers of electro-hydraulic umbilicals, including accessories, four termination units (UTAs), as well as the rental of reels and the signing of an agreement for the sharing of an area intended for the storage of materials. The... Continue Reading →
Feb. 20 - Petrobras has already begun preparations to resume drilling of the pioneering well in block FZA-M-059, in the Foz do Amazonas Basin, on the Equatorial Margin. As a reminder, activity has been suspended since January 4th, following a loss of drilling fluid on the Foresea drillship ODN-II. “Petrobras has begun preparations to resume... Continue Reading →
Brazil Energy Insight 