Brazil's PPSA Boosts Revenue Forecast for Upcoming Oil Auction

22 Jul 2024 CW Team

Brazil?s Pr?-Sal Petr?leo S.A. (PPSA) has significantly increased its revenue expectations for the forthcoming oil auction, reflecting growing optimism about the country's oil and gas sector. The revision is driven by a robust outlook for the pre-salt oil fields and heightened interest from international investors.

PPSA, responsible for managing the production-sharing contracts for Brazil's pre-salt oil fields, anticipates higher revenues based on strong market demand and favourable auction conditions. The upcoming auction is expected to attract substantial bids from major global oil companies, bolstered by Brazil?s rich reserves and strategic importance in the global energy market.

The increase in revenue expectations underscores the potential of Brazil?s oil assets and the effectiveness of its regulatory and bidding frameworks. The pre-salt fields, located deep beneath the Atlantic Ocean, have been a focal point for investment due to their high production potential and significant reserves.

The auction is seen as a critical opportunity for Brazil to enhance its oil production capabilities and generate substantial economic benefits. By raising its revenue forecast, PPSA signals confidence in the auction's success and the overall strength of Brazil's oil sector.

This development highlights Brazil's continued commitment to optimising its natural resources and attracting foreign investment. As the auction approaches, the revised revenue projections reflect a positive outlook for Brazil's energy sector and its strategic role in the global oil market.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..