Petrobras signs long-term agreement for the purchase and sale of Liquefied Natural Gas with U.S. company Sempra Infrastructure

Oil prices rose on Monday due to Saudi Arabia's East-West pipeline shutdown, with WTI and Brent futures increasing. The United States Oil Fund (USO) gained 1.14%, while Latin American energy companies saw mixed results: YPF rose, Petrobras slipped, and Ecopetrol was flat. The shutdown highlights supply concerns and potential market impacts.

Sempra Infrastructure signed a 20-year LNG supply deal with Petrobras for 800,000 tonnes per year, sourced from its Port Arthur LNG Phase 2 project in Texas. The agreement adds Petrobras as Sempra's first South American LNG customer. Port Arthur Phase 2, with a $14 billion estimated cost, is set to add 13 million tonnes per annum of liquefaction capacity and begin operations in 2030-2031. Sempra has previously secured LNG agreements with ConocoPhillips, JERA, and EQT for Phase 2.

Sempra Infrastructure (SRE) signed a 20-year LNG supply deal with Petrobras for 0.8 million tonnes per year. The LNG will come from Sempra's Port Arthur LNG Phase 2 project in Texas, expected to start operations in 2030-2031. This is Sempra's first South American customer.

Drones attacked Saudi Arabia's Petroline pipeline, causing oil prices to rise above $108/barrel. The pipeline, a key alternative to the Strait of Hormuz, was shut as a precaution. Petrobras shares rose 1.1%, while Brazilian banks and miners dragged down the Ibovespa. Colombia's oil sector may see increased revenue, but no immediate windfall is expected.

Oil prices fell on Friday, with WTI down 2.20% to $154.90, despite Middle East supply risks. Petrobras, Ecopetrol, and YPF shares declined, tracking crude lower. The IEA cut its 2026 global oil supply outlook by 1.4 million bpd. Petrobras confirmed new hydrocarbon findings in Brazil's Equatorial Margin.

Petrobras' subsea riser tender received $1.4B in bids from Baker Hughes, NOV Flexibles, and TechnipFMC. Separately, L&T Hydrocarbon won a $526M contract from ONGC for Indian offshore redevelopment. Decom Engineering secured nine mooring chain cutting projects in 2026, expanding its fleet. These reports indicate active offshore contracting but do not suggest a broader industry trend.