We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Petrobras Launches Tenders for Offshore Wind Energy Project in Brazil
Read MoreHide Full Article
Key Takeaways
Petrobras launches geophysical and geotechnical tenders off the Rio coast for wind energy assessment.
Surveys will provide data critical for turbine foundations and subsurface wind site analysis.
Nearby Port of Acu offers logistical advantages, boosting feasibility of PBR's wind pilot project.
Petróleo Brasileiro S.A. - Petrobras (PBR - Free Report) has launched two key tenders for geophysical and geotechnical surveys off the coast of Rio de Janeiro, signaling its push into offshore wind development.
Taking a Look at the Survey Tenders
Petrobras has launched two key tenders for geophysical and geotechnical surveys off the coast of Rio de Janeiro, signaling its push into offshore wind development. The first geophysical survey targets ultra-shallow waters near São João da Barra to gather subsurface data through bathymetric, topographic and electrical tomography methods by conducting surveys at a depth of about 10 meters, covering an area of about 1.5 square kilometers. These methods will deliver critical subsurface insights needed to assess the area's potential for offshore wind development.
The second geotechnical survey focuses on soil conditions in shallow and beach environments. This survey will extend the geophysical study by offering essential data on soil conditions, crucial for designing and building wind turbine foundations.
Port of Açu: A Strategic Wind Energy Location
Located near the survey area, the Port of Açu offers logistical advantages for Petrobras' offshore wind pilot. Its infrastructure and proximity to the survey area enhance the feasibility of the project, aligning with Petrobras’ broader renewable goals and Brazil’s growing energy transition efforts.
Brazil’s Massive Offshore Wind Potential
According to a 2024 DNV study for the World Bank, Brazil boasts more than 1.2 terawatts of offshore wind potential. This sector could play a major role in meeting green hydrogen targets and fueling economic growth, potentially generating more than 500,000 jobs and adding $168 billion in national gross value. With more than 100 projects awaiting licenses, Petrobras’ initiative could pave the way for a cleaner, more sustainable future.
PBR’s Zacks Rank & Key Picks
Headquartered in Rio de Janeiro, Petroleo Brasileiro S.A. or Petrobras S.A., is the largest integrated energy firm in Brazil and one of the largest in Latin America. Currently, PBR has a Zacks Rank #3 (Hold).
Flotek Industries develops and delivers prescriptive chemistry-based technology, including specialty chemicals, to clients in the energy, consumer industrials and food & beverage industries. The Zacks Consensus Estimate for FTK’s 2025 earnings indicates 55.88% year-over-year growth.
Global Partners is a Delaware limited partnership formed by affiliates of the Slifka family. GLP owns, controls or has access to one of the largest terminal networks of refined petroleum products in New England. The Zacks Consensus Estimate for Global Partners’ 2025 earnings indicates 17.84% year-over-year growth.
Atlanta, GA-based RPC is an oilfield service provider in almost all of the prospective plays, like the Rocky Mountain regions, Appalachian area, Gulf of Mexico and other resources in the United States. The Zacks Consensus Estimate for RES’ next quarter earnings indicates 33.33% growth.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Petrobras Launches Tenders for Offshore Wind Energy Project in Brazil
Key Takeaways
Petróleo Brasileiro S.A. - Petrobras (PBR - Free Report) has launched two key tenders for geophysical and geotechnical surveys off the coast of Rio de Janeiro, signaling its push into offshore wind development.
Taking a Look at the Survey Tenders
Petrobras has launched two key tenders for geophysical and geotechnical surveys off the coast of Rio de Janeiro, signaling its push into offshore wind development. The first geophysical survey targets ultra-shallow waters near São João da Barra to gather subsurface data through bathymetric, topographic and electrical tomography methods by conducting surveys at a depth of about 10 meters, covering an area of about 1.5 square kilometers. These methods will deliver critical subsurface insights needed to assess the area's potential for offshore wind development.
The second geotechnical survey focuses on soil conditions in shallow and beach environments. This survey will extend the geophysical study by offering essential data on soil conditions, crucial for designing and building wind turbine foundations.
Port of Açu: A Strategic Wind Energy Location
Located near the survey area, the Port of Açu offers logistical advantages for Petrobras' offshore wind pilot. Its infrastructure and proximity to the survey area enhance the feasibility of the project, aligning with Petrobras’ broader renewable goals and Brazil’s growing energy transition efforts.
Brazil’s Massive Offshore Wind Potential
According to a 2024 DNV study for the World Bank, Brazil boasts more than 1.2 terawatts of offshore wind potential. This sector could play a major role in meeting green hydrogen targets and fueling economic growth, potentially generating more than 500,000 jobs and adding $168 billion in national gross value. With more than 100 projects awaiting licenses, Petrobras’ initiative could pave the way for a cleaner, more sustainable future.
PBR’s Zacks Rank & Key Picks
Headquartered in Rio de Janeiro, Petroleo Brasileiro S.A. or Petrobras S.A., is the largest integrated energy firm in Brazil and one of the largest in Latin America. Currently, PBR has a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some better-ranked stocks like Flotek Industries, Inc. (FTK - Free Report) , Global Partners LP (GLP - Free Report) and RPC, Inc. (RES - Free Report) . While Flotek Industries and Global Partners currently sport a Zacks Rank #1 (Strong Buy) each, RPC carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Flotek Industries develops and delivers prescriptive chemistry-based technology, including specialty chemicals, to clients in the energy, consumer industrials and food & beverage industries. The Zacks Consensus Estimate for FTK’s 2025 earnings indicates 55.88% year-over-year growth.
Global Partners is a Delaware limited partnership formed by affiliates of the Slifka family. GLP owns, controls or has access to one of the largest terminal networks of refined petroleum products in New England. The Zacks Consensus Estimate for Global Partners’ 2025 earnings indicates 17.84% year-over-year growth.
Atlanta, GA-based RPC is an oilfield service provider in almost all of the prospective plays, like the Rocky Mountain regions, Appalachian area, Gulf of Mexico and other resources in the United States. The Zacks Consensus Estimate for RES’ next quarter earnings indicates 33.33% growth.