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Country summary: Brazil

energy-pedia opportunities - Brazil:
Current deals: 11
Licensing articles: 189
Completed deals: 192

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Brazil - recent news

18 Mar 26
Brazil: Petrobras to acquire Petronas’ 50% stake in the Tartaruga Verde and Espadarte Module III fields in Brazil’s Campos basin
Petrobras, as a partner and operator of the Tartaruga Verde and Espadarte – Module III fields, located in the Campos Basin, has expressed its right of first refusal to acquire from Petronas its 50% stake in the assets. After the completion of the transaction, Petrobras will once again hold 100% ownership of the assets, remaining as operator.
16 Mar 26
Brazil: Iberdrola registers bid to acquire 100% of its Brazilian subsidiary Neoenergia
Iberdrola has officially published the documentation for the takeover bid for all Neoenergia shares not controlled by the Group, according to information submitted March 12 to the securities commissions.
12 Mar 26
Oceanica Engenharia enters into new long-term contracts with Petrobras, with a total value of approx. US$ 736 million
Oceanica Engenharia reports that, between December 2025 and February 2026, it entered into new long-term contracts with Petrobras, with a total value of approx. US$ 736 million (R$ 4.2 billion). With these new contracts, the Company’s backlog increases to approx. R$ 12 billion, reinforcing Oceanica’s position in the Brazilian offshore services market.
11 Mar 26
Brazil: TotalEnergies announces the start-up of the Lapa South-West project, located in the Santos Basin, offshore Brazil
TotalEnergies (48%, operator) has announced the start-up of the Lapa South-West project, located in the Santos Basin, approx. 300 kms offshore Brazil. The Lapa South-West project, including three wells connected to the existing Lapa floating production, storage, and offloading (FPSO) unit, will increase production from the Lapa field by 25,000 barrels per day.
04 Mar 26
Brazil: Petrobras plans to invest over R$150 million in geological characterization of the pre-salt layer with the Libra Rocks project
Petrobras and its partners in the Libra Consortium will invest approximately R$151 million in the Libra Rocks project to develop innovative technologies and create conceptual geological models to be applied in Mero, Petrobras' third largest field, located in the pre-salt layer of the Santos Basin.

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