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Nov. 28 - Petrobras has postponed the contracting of two FPSO (floating production, storage and offloading) units until after 2030: one for the Albacora field revitalization project and the other for the second FPSO for Sergipe Águas Profundas (SEAP). Both units were left out of the horizon of the company's new 2026-2030 Business Plan. The... Continue Reading →
November 28, 2025 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices of redemption to the holders of the outstanding 8.750% Global Notes due 2026 (the “Notes”). Title of SecurityISINCUSIPCommon CodeAggregate Principal Amount to be Redeemed8.750% Global Notes due 2026US71647NAQ2571647NAQ2N/AUS$ 344,167,000.00 The... Continue Reading →
Nov 28 (Reuters) - Colombian state-run energy firm Ecopetrol will invest between 22 trillion and 27 trillion pesos ($5.88 billion-$7.21 billion) next year, it said late on Thursday, roughly in line with 2025 as it pledged "disciplined" capital allocation. Ecopetrol plans to drill between 380 and 430 development wells - 95% in Colombia and 5% in... Continue Reading →
Nov. 28 - The company's new strategic plan for the period between 2026 and 2030 reveals a paradigm shift in the search for new reserves. Although the pre-salt layer will continue to receive a significant amount of investment, the Equatorial Margin will receive the largest share of the state-owned company's resources over the next five... Continue Reading →
Nov 27 (Reuters) - Brazilian state-run oil firm Petrobras has lowered its dividend forecast and cut expected investments by almost 2% in a new five-year business plan announced Thursday, as it grapples with lower crude prices. Petrobras expects to dole out between $45 billion and $50 billion during the 2026-2030 period in ordinary dividends, a... Continue Reading →
Nov. 28 (oilprice.com) After the discovery of oil in Suriname’s territorial waters in January 2020, the government in the capital Paramaribo pitched its hopes on an oil boom matching that of neighboring Guyana. You see, decades of economic mismanagement, excessive spending, and corruption wreaked havoc on the former Dutch colony’s economy. Over the last decade, gross... Continue Reading →
November 27, 2025 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors approved, during a meeting held today, the Business Plan 2026-2030 (BP 2026-30). In BP 2026-30, Petrobras maintains the strategies defined in the Strategic Plan 2050 (SP 2050) and reaffirms its vision of being the best diversified and integrated energy company... Continue Reading →
Nov. 27 - Shell Brazil has signed the concession contracts acquired in the 5th Cycle of the ANP's Permanent Offer, consolidating its strategic position in the Santos Basin and growing its position in the deepwater sector in Brazil. The following blocks were granted: S-M-1819, S-M-1821, S-M-1912 and S-M-1914. Shell has exploration rights as operator and... Continue Reading →
Nov 26 (Reuters) - Brazilian state-run oil firm Petrobras' five-year investment plan will see its first cut under President Luiz Inacio Lula da Silva's government due to lower oil prices, three sources familiar with the matter told Reuters. The new plan, to be unveiled on Thursday, is set to have a capital expenditure about 2%... Continue Reading →
Nov. 26 - Petrobras supplied three Transpetro ships with bunker fuel containing 24% renewable content. The operation took place at the São Sebastião Waterway Terminal (Tebar), in São Paulo. The fuel that supplied the vessels is composed of 24% biodiesel supplied by Petrobras Biocombustível (PBio). The ships Zumbi dos Palmares, with approximately 1,300 tons, and... Continue Reading →
Brazil Energy Insight 