Petrobras announced its adherence to the new economic subvention and signed contracts for two FPSOs for the Sergipe Deepwater project. The company says the agreements reinforce its commitment to expanding production capacity.
Petrobras announces its 2026–2030 Business Plan with $109 billion in total investment, including $91 billion for ongoing projects and $18 billion for new projects. The plan signals continued growth in pre-salt and deepwater production.
Petrobras reports 2025 oil production of 2.40 million barrels per day, an 11 percent increase from 2024 and above the upper limit of its 2025 target. It also surpasses production goals across key offshore fields.
Petroleo Brasileiro SA (Petrobras) reports an 11% increase in production in 2025 compared with 2024, surpassing its goals. The state-controlled oil company posts strong quarterly earnings, which the text attributes to higher output.
