Petrobras Gears Up for Offshore Boom  ...Middle East

Petrobras is beefing up its offshore game, throwing four more support vessels into the mix by 2026—bringing the grand total to 48. Brazil’s state-run oil company is gearing up to boost production to 2 million barrels per day (bpd) at the Buzios field by 2030, cementing Brazil’s status as an offshore oil heavyweight. Petrobras has faced challenging times in recent months. In Q4 2024, Petrobras’ production took a 10.5% hit, sliding to 2.63 million barrels of oil equivalent per day (boe/d), thanks to maintenance shutdowns.…

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