Brazil News


Oil Majors Oppose Subsea7-Saipem Merger in Brazil

Dec 02, 2025

Oil majors operating in Brazil have closed ranks to oppose a proposed merger between energy contractors Subsea7 and Saipem, and antitrust agency Cade has asked the two firms to provide its probe with new data on Friday, public documents seen by Reuters show…

Porto Central Extends Offshore Decommissioning Plans

Nov 04, 2025

Porto Central Complexo Industrial Portuário and M.A.R.S. Europe have signed an amendment to their memorandum of understanding that extends their ongoing collaboration on a ship decommissioning and recycling yard in Brazil.  The amendment extends…

DOF Group gets Extension for Pipelay Support Vessels in Brazil

Nov 03, 2025

DOF Group ASA ('DOF') is pleased to announce that three PLSVs (pipelay support vessels) owned through a joint venture between DOF (50%) and TechnipFMC (50%) have secured contract extensions with Petrobras in Brazil.Skandi Vitória and Skandi…

Petrobras Looks to Establish Amazon Logistics Center

Oct 30, 2025

Brazil's Petrobras has authorized studies for a logistics center in the Amazonian state of Amapa, where the state-run oil firm started exploring in a promising offshore block last week, state Governor Clecio Luis told Reuters.The company's logistics subsidiary Transpetro will do the studies…

Shape Digital and PRIO Sign Predictive Maintenance Technology Agreement

Oct 28, 2025

Oil company PRIO has signed an agreement with Shape Digital, a developer of AI-driven solutions, for the deployment of Shape Lighthouse, an asset management platform designed to enhance operational reliability, reduce maintenance costs, and maximize production…

DOF Group ASA Advances Contract in Brazil, Wins One New

Aug 21, 2025

DOF Group ASA has announced an addendum to its long-term inspection contract (PIDF) with Petrobras in Brazil.  The addendum comprises additional scope of work, which is expected to be concluded by the end of 2025. Stril Explorer, Geoholm and Skandi Carla are currently operating on this contract…

Chevron Acquires Blocks in Brazil's Foz do Amazonas Basin

Jun 17, 2025

Exxon Mobil and Chevron on Tuesday took their first steps toward eventually exploring oil in Brazil's Foz do Amazonas basin, scooping up offshore blocks auctioned by the country in the promising but environmentally-sensitive area.The move marks…

First Oil from Mero-4 FPSO in Brazil pre-salt

May 27, 2025

Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, announced the start of production at the floating production storage and offloading facility (FPSO) Alexandre de Gusmão in the Mero field in the Santos Basin offshore Brazil…

Petrobras Aims to Lure Chinese Investments to Brazil's Naval Sector

Apr 29, 2025

Brazilian state-run energy giant Petrobras seeks to attract fresh Chinese investments to Brazil's oil and gas sector, especially in the naval sector, it said on Tuesday, as Chief Executive Magda Chambriard visits the Asian country.Chambriard and President Luiz Inacio Lula da Silva's chief of staff…

Petrobras Eyes Argentina, Colombia, Africa Projects

Mar 11, 2025

Petrobras is looking at potential opportunities in Argentina while advancing in projects in Colombia and Africa, the firm's exploration and production head Sylvia dos Anjos said on Tuesday.Gas from the Vaca Muerta region would be interesting to Petrobras as a pipeline connecting Argentina…

Petrobras Cleared to Clear Corals Off Drilling Vessel

Mar 11, 2025

Petrobras obtained approval from the country's environmental agency to clear corals from the underside of the drilling vessel it plans to use in the Foz do Amazonas region, Reuters reports. Its February 10 request was granted on Monday for the…

Brazil’s President Authorizes Offshore Wind Development

Jan 12, 2025

Brazilian President Luiz Inacio Lula da Silva has signed into law a bill authorizing the development of offshore wind farms, a statement said late on Friday, a bid to strengthen the country's energy security and spark a wave of investment.The…

Sinochem in Talks to Sell Peregrino Stake

Sep 25, 2024

The chief executive of Brazilian oil company Prio is 'optimistic' about talks with China's oil and chemicals firm Sinochem for the potential purchase of a stake in the Peregrino oil field, he told Reuters on Wednesday.No binding agreement has been reached so far…

New Petrobras CEO Pressed on Shipbuilding Reboot, Jobs

May 16, 2024

The next chief executive of Petrobras, Magda Chambriard, arrives with the résumé and mandate to make Brazil's state-run oil firm what it was under prior Workers Party governments: an engine of job creation and industrial development, said people familiar with the matter…

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