South America News

 

Petrobras Completes Divestment of Cherne and Bagre Fields to Perenco

Aug 05, 2025

Brazil’s state-controlled oil company Petrobras has finalized the sale of its full interest in the Cherne and Bagre offshore fields to Perenco Petróleo e Gás do Brasil, a subsidiary of oil and gas company Perenco.The two fields, located in shallow waters of the Campos Basin approximately 73 km off the coast of Rio de Janeiro, have been non-producing since March 2020.Their respective facilities, the PCH-1 and PCH-2 platforms…

Brazil's Petrobras Looks to Africa for Oil Reserves Boost

Feb 12, 2025

Brazil's Petrobras wants to buy stakes in African oil assets, mainly in Angola, Namibia and South Africa, to boost its reserves as it expects output to fall after 2030, a senior executive said on Wednesday.The Brazilian state energy firm is in talks with companies…

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