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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

08 Feb 26
Brazil: Petrobras reports on receiving the earnout for Sépia and Atapu
Petrobras reports that it has received R $ 1.65 billion from its partners in the Sépia and Atapu blocks - TotalEnergies EP Brasil Ltda (28%), PETRONAS Petróleo Brasil Ltda (21%) and QatarEnergy Brasil Ltda (21%), in Sépia; and Shell Brasil Petróleo Ltda (25%) and TotalEnergies EP Brasil Ltda (22.5%), in Atapu.
04 Feb 26
Brazil: KUFPEC acquires 20% interest in Orca and Sul De Orca in Brazil
Kuwait Foreign Petroleum Exploration Company ('KUFPEC') has reached an agreement to acquire a 20% interest in the Orca and Sul de Orca asset from Shell Brasil Petróleo Ltda, a wholly-owned subsidiary of Shell. Current estimated recoverable resource volumes of the Orca development are approx. 370 million barrels with production expected to start in 2029.
03 Feb 26
Brazil: Petrobras expands oil sales to India
During India Energy Week, Petrobras renewed and expanded oil sales contracts with major Indian state-owned refiners. The agreements were signed at the meeting of global energy sector leaders, which took place last week in the city of Goa, India.
31 Jan 26
Brazil: Seadrill announces West Saturn contract extension
Seadrill has announced Equinor Brasil Energia has exercised a one-year priced option for the ultra-deepwater drillship West Saturn. The exercised option adds $114 million to contract backlog and extends the original contract, which commenced in 2022, through October 2027.
23 Jan 26
Brazil: Petrobras expands its presence in the international market with the sale of bunker fuel containing renewable content
Petrobras has entered into an agreement to supply bunker fuel with renewable content (VLS B24) to the Norwegian company Odfjell, one of the world’s largest shipowners in the transportation of chemicals and liquid bulk cargo.

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