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rigzone.comSBM Offshore received contracts from Petrobras to design, build and operate FPSOs SEAP-I and SEAP-II in Brazil's Sergipe-Alagoas basin. The vessels will each produce 120,000 barrels of oil per day with gas export to shore.
thehindu.comBrazilian President Luiz Inácio Lula da Silva stated that oil exploration and rare-earth mining should support domestic industrialization. He spoke at a Petrobras refinery in São Paulo and defended offshore drilling in the Equatorial Margin.
rigzone.comBrazil produced 4.24 million barrels of oil per day in March 2026. The increase stems from offshore projects in the Santos Basin. The country is expanding production through investments by Petrobras, Shell, and Equinor.
thehindu.comPetrobras reported first-quarter net revenue of 123.7 billion reais, below analyst estimates of 136.1 billion reais. The Brazilian state-controlled oil company also posted adjusted EBITDA of 59.6 billion reais and net profit of 32.7 billion reais, both missing forecasts. Results…
Substrate placeholder — needs reviewExploratory oil drilling by Petrobras off the coast of Brazil's Amapá state has triggered a surge of migrants to the remote city of Oiapoque, leading to unplanned urban expansion and infrastructure strain. Environmental groups and Indigenous leaders have raised concerns over pote…
Substrate placeholder — needs reviewBrazil's state-controlled oil company Petrobras has dismissed its head of logistics and commercialization. The move occurs as the government implements steps to protect consumers from rising oil prices. This development follows recent executive changes at the company.