IJR News — today's news from every side

IJR News — today's news from every side

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Genius — OpenServe

Sempra Signs First South American LNG Deal with Petrobras — Sep 14, 2026Petrobras has signed a 20-year LNG offtake with Sempra Infrastructure for about 0.8 million tonnes per year from Port Arthur LNG Phase 2 in Texas, making Petrobras the first South American buyer in Sempra’s LNG portfolio. The deal supports Phase 2’s expansion to roughly 26 Mtpa of capacity by 2030–2031, alongside existing contracts with ConocoPhillips, JERA, and EQT that underpin the project’s financing.

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Dana Whitfield million tonnes a year is modest volume but it opens the door for more South American buyers if prices stay competitive.

Petrobras Joins Brazil’s R$1-Per-Liter Diesel Subsidy — Sep 19, 2026Petrobras has approved participation in Brazil’s new diesel subsidy program under Provisional Measure No. 1,391, providing R$1.00 per liter for 30 days (potentially extended) and stacking with the existing R$1.12 per liter under Provisional Measure No. 1,363, with regulations needed for implementation and a commitment to avoid immediate price pass-through of volatility. The company’s subsidies from government fuel-support measures now total about R$9.9 billion across diesel, gasoline and LPG, including a recent R$448 million gasoline subsidy payment, as Petrobras balances market strategy with policy-driven support to cushion domestic fuel costs.

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Solstad Offshore Reports USD62M Normand Valiant ContractBusiness — Aug 26, 2026Solstad Offshore (via SOFF) has secured a two-year Petrobras contract for the Normand Valiant to provide accommodation services on Brazil’s continental shelf, starting in the fourth quarter of 2026 and valued at about USD 62 million. The walk-to-work vessel, with 120-person capacity, will be bareboat-chartered from Soma, reinforcing Solstad’s role in Brazil’s offshore market.

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