Petrobras – Oil & Gas 360

Transocean adds $445 million backlog with Petrobras drillship extension

April 15, 2026

(World Oil) – Transocean has secured a long-term contract extension with Petrobras for its ultra-deepwater drillship Deepwater Corcovado, adding approximately $445 million to the company’s backlog. The 1,156-day extension will begin in direct continuation of the rig’s current work offshore Brazil and is expected to keep the drillship contracted through November 2030. The award reflects continued demand for high-specification ultra-deepwater drilling capacity in Brazil’s

Transocean adds $445 million backlog with Petrobras drillship extension

April 14, 2026

Baker Hughes secures Petrobras turbomachinery services deal for Brazil offshore operations

March 18, 2026

(World Oil) – Baker Hughes has secured a 60-month services agreement with Petrobras to support critical turbomachinery across Brazil’s offshore production system and refining operations. The contract covers maintenance, repair and engineering advisory services for up to 64 aeroderivative gas turbines, including LM2500 and LM6000 units deployed across approximately 19 floating production, storage and offloading (FPSO) vessels, as well as at the Replan refinery

Namibia refuses to recognize TotalEnergies oil acquisition

February 9, 2026

(Oil Price) – The Namibian government will not recognize an asset acquisition deal involving TotalEnergies and Petrobras because they did not follow procedure. In a statement on Sunday, the country’s Ministry of Industries, Mines and Energy said, as quoted by Reuters, that TotalEnergies and Petrobras had not notified it of their intentions to acquire a 42.5% each in the PEL104 offshore license and

Brazil union set to accept Petrobras labor offer, end strike

December 23, 2025

(Investing)– Brazilian oil workers union FUP said on Monday it plans to accept a counteroffer from state-run company Petrobras for a labor deal, paving the way to end a week-long strike. In a statement published on social media, FUP said a majority of its board had approved signaling it would accept the oil firm’s counteroffer, which still requires approval from workers.

Brazil’s Petrobras sees no production impact as workers kick off strike

December 15, 2025

(Investing)– Brazilian state-run oil firm Petrobras has seen no impact on its output of oil and petroleum products since the start of a planned strike by some workers on Monday, it said in a statement. The firm said it had adopted contingency measures to ensure operation continuity, adding that market supply is “guaranteed”. Labor talks are ongoing, Petrobras said. Petrobras and

Petrobras trims $109 billion capex plan as lower oil prices pressure dividends

December 1, 2025

(World Oil) – Brazilian oil major Petrobras announced a 2% decrease in its next five-year investment plan to $109 billion, putting dividend payments in doubt at a time of lower oil prices. Shares fell. The state-controlled oil producer is caught between the government’s desire to grow the economy – especially ahead of a 2026 presidential election – and investors who demand high

Transocean adds $89 million in new offshore drilling options across three regions

November 18, 2025

(World Oil)– Transocean has secured approximately $89 million in new firm backlog after operators in Brazil, Norway and Romania exercised contract options on three of its floating rigs, the company announced. In Brazil, Petrobras exercised a 90-day option on the Deepwater Mykonos, continuing the ultra-deepwater drillship directly into its next campaign. The extension is expected to contribute about $33 million to backlog.

Petrobras confirms new post-salt oil discovery in Brazil’s Campos basin

November 17, 2025

(World Oil) – Petrobras has confirmed another oil discovery offshore Brazil, identifying high-quality post-salt crude in the Sudoeste de Tartaruga Verde block in the Campos basin. The find further reinforces Brazil’s momentum in offshore exploration and Petrobras’ continued success in mature deepwater basins. The discovery was made at well 4-BRSA-1403D-RJS, located 108 km offshore Campos dos Goitacazes at a water depth

Petrobras hikes dividend as production surge offsets lower oil prices

November 7, 2025

(Oil Price)– Petrobras will be paying higher dividends for the third quarter compared to the second quarter as production and earnings jumped sequentially, the Brazilian state-owned oil giant said. Petrobras booked a net income of $6 billion for the third quarter, up by 2.7% on the year and a 27.3% jump on the quarter, despite the decline in oil prices. Higher production

Petrobras wins approval to drill first exploration well near Amazon River

October 21, 2025

(World Oil)– Brazil’s state-controlled energy company received approval to explore for oil near the mouth of the Amazon River, capping a yearslong standoff with environmental regulators Petroleo Brasileiro SA said in a filing Monday that it received permission to drill one exploratory well in the Foz do Amazonas basin. “The drill rig is at the well site and drilling is

Halliburton wins Petrobras contracts to enhance deepwater Brazil field performance

October 16, 2025

(World Oil)– Halliburton has been awarded multiple deepwater contracts by Petrobras to deliver vessel stimulation, intelligent completions, and safety valve systems across key offshore fields in Brazil, following a competitive tender process. Under the new agreements, Halliburton will deploy its SmartWell® intelligent completion technology in the Búzios field to enable real-time reservoir management and enhance production optimization. The company will

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