Brazil
Article
March
From record-shattering pre-salt output and a landmark OPEC+ debut, to a $109 billion investment mandate and the contradictions of hosting COP30, Brazil’s hydrocarbons sector has entered one its most consequential chapters. This report examines the defining decisions of the past 12 months, and charts the terrain for the year ahead.
News
March 20, 2026
Brazil President Luiz Inácio Lula da Silva said Petrobras and Pemex could partner on deepwater oil exploration in the Gulf of Mexico, as Mexico seeks to revive production and Petrobras looks to expand internationally.
News
March 18, 2026
Baker Hughes has secured a long-term services agreement with Petrobras to support up to 64 aeroderivative gas turbines across Brazil’s offshore FPSO fleet and a major refinery, strengthening reliability and local supply chain capabilities.
News
March 17, 2026
Petrobras plans to acquire Petronas’ 50% stake in the Tartaruga Verde and Espadarte Module III fields in Brazil’s Campos basin for $450 million, consolidating full ownership and strengthening its offshore production portfolio.
News
March 12, 2026
Gas injection has begun on the Petrobras P-78 FPSO at the Búzios field offshore Brazil, marking another milestone for one of the largest deepwater developments in the Santos basin.
News
March 11, 2026
TotalEnergies has started production from the Lapa South-West project in Brazil’s Santos basin, adding 25,000 bpd through new wells tied back to the existing Lapa FPSO as the company expands its offshore portfolio.
News
March 06, 2026
Petrobras reported net income of $19.6 billion in 2025 as oil and gas production increased 11% to nearly 3 MMboed, supported by new FPSOs in Brazil’s Búzios and Mero fields.
News
March 02, 2026
OceanPact and CBO will combine to form a 73-vessel offshore support fleet in Brazil, strengthening oilfield services, subsea and decommissioning capabilities.
News
March 02, 2026
Petro-Victory has started drilling the SJ-12 well at the São João field in Brazil’s Barreirinhas basin, targeting 50.1 Bcf of non-associated gas resources.
Article
February
With FPSO deployment rising in nations like Brazil, there is even greater emphasis on the must-run nature of key equipment on board. For the gas turbines that help provide electrical power, as well as mechanical drive for key equipment far from shore, the critical denominator of performance and reliability is effective combustion air intake filtration.
News
February 18, 2026
Brava Energia has been authorized to proceed with the transfer of a 37.5% stake in Brazil’s offshore Papa-Terra field, subject to arbitration conditions and regulatory approvals including Brazil’s ANP.
News
February 06, 2026
Brazil’s ANP has authorized Petrobras to resume drilling in the Foz do Amazonas offshore frontier following a temporary suspension, reopening one of Brazil’s most closely watched exploration campaigns.
News
January 05, 2026
Transocean has added approximately $168 million to its firm backlog through a new deepwater drilling contract with bp offshore Brazil and a contract extension for its harsh-environment rig offshore Norway, strengthening utilization into 2027.
News
January 02, 2026
Petrobras has started production at Búzios 6 with FPSO P-78, adding up to 180,000 bpd of oil and boosting gas supply from Brazil’s pre-salt.
News
December 17, 2025
Brazil, Guyana and Argentina are set to drive nearly half of global crude oil production growth in 2026, according to the latest EIA outlook, underscoring the rising influence of non-OPEC+ supply from deepwater and shale developments.
News
December 11, 2025
Brazilian oil production is rebounding after platform outages slashed more than 300,000 bpd in November. ANP data shows volumes already recovering, underscoring how output swings from mega-FPSOs can complicate global supply forecasts as OPEC, IEA and major traders diverge on the 2026 market outlook.
News
December 09, 2025
Shell is reportedly seeking a partner for its Gato do Mato offshore oil project in Brazil as it looks to share the capital burden of a multibillion-dollar deepwater development. The move would allow Shell to remain operator while bringing in additional investment as the project advances toward first production later this decade.
News
December 02, 2025
Acteon’s InterMoor has landed a three-year Petrobras contract to deliver advanced mooring integrity and digital inspection services across Brazil, strengthening lifecycle management for critical offshore infrastructure.
News
November 28, 2025
Petrobras reduced its five-year investment plan to $109 billion, citing weaker oil prices and shifting political pressures. The cut raises investor concerns over dividend yields as the Brazilian state-controlled producer prioritizes long-term offshore expansion.
News
November 26, 2025
Brazil’s environment minister says COP30’s push for a global fossil-fuel phaseout stalled partly because the U.S. skipped the summit—deepening political divides and weakening momentum behind a fossil-fuel road map.
News
November 25, 2025
Brazil’s Petrobras is likely to postpone awarding up to four drillship contracts for its giant Buzios field until 2026, as the operator reassesses reservoir data and contractors revise bids amid a soft offshore rig market and emerging global oil glut.
