Petro-Victory Energy has signed a sales & purchase agreement (SPA) in 50/50 partnership with Azevedo & Travassos Petroleo (ATO) for 13 oil fields located in the Potiguar Basin, onshore Brazil, from seller Brava Energia.
Cargill has signed a sales and purchase agreement for a 50% stake in Brazilian sugar and renewable energy firm SJC Bioenergia, adding to the 50% already owned by Cargill and giving it full control of the firm, Cargill announced on Thursday.
Last year, Petrobras lowered capital expenditure (capex) for 2025 to $17 billion from an earlier estimate of $21 billion. According to the company, the lower capex is more realistic and in line with its financial wherewithal. In its latest strategic plan, Petrobras plans to invest $102 billion in the 2024-2028 period, good for a 31% increase over the previous plan amid pressure from President Lula for the firm to ramp up investments in a bid to prop up the country’s economy and generate local jobs.
Prosafe has signed a contract extension with Petróleo Brasileiro S.A. (Petrobras) for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil.
Brazilian player Constellation Oil Services has won a USD 528-million contract for offshore drilling from Petrobras, the company announced on Tuesday.
Petro-Victory Energy Corp. has announced the signature of an exclusivity agreement with Brava Energia S.A. for the potential acquisition of 13 oil-producing fields in Rio Grande do Norte, Potiguar Basin.
Under the agreement, the countries will form a working group to identify the measures required for gas exports to be viable and study the development of export infrastructure, primarily emphasising Argentina’s Vaca Muerta formation.
Ocean Winds (OW) and Eletrobras have signed a memorandum of understanding (MoU) in São Paulo to explore offshore wind energy opportunities in Brazil.
Brazil’s state-owned oil giant Petrobras has informed that the gas potential of the discoveries in the Gujaira Basin offshore Colombia is around 6 trillion cubic feet (Tcf).
TechnipFMC has been awarded two subsea contracts by Petrobras for the pre-salt fields offshore Brazil.