# Tag: upstream

- [Shell Brazil Changes CEO After Orca Approval](https://brazilstockguide.com/insights/shell-brazil-leadership-change-orca-approval/) (2026-05-15): João Santos Rosa will take over on August 1, as Cristiano Pinto da Costa leaves after nearly 30 years at Shell and four years leading the Brazilian business.
- [Petrobras Returns to Namibia With Stake in Offshore Exploration Block](https://brazilstockguide.com/insights/petrobras-namibia-offshore-block-2613/) (2026-02-06): Entry into Block 2613, alongside TotalEnergies, strengthens geographic diversification and long-term reserve replacement strategy.
- [PRIO Sustains Output Above 155,000 boepd in January as Offshore Assets Deliver](https://brazilstockguide.com/insights/prio-production-january-2026/) (2026-02-03): Brazil’s largest independent oil producer posts steady volumes despite brief outage at Frade field.
- [IBP Warns Lula That New Gas-Reinjection Limits Could Undercut Brazil’s Energy Future](https://brazilstockguide.com/insights/ibp-warns-lula-that-new-gas-reinjection-limits-could-undercut-brazils-energy-future/) (2025-11-18): Sector body says PLV 10/2025 creates legal uncertainty, threatens future gas supply and may deter upstream investment.
- [Crude Choices: Upstream vs Downstream](https://brazilstockguide.com/behind-the-lines/brazil-upstream-vs-downstream-oil-policy-prp-lula-decision/) (2025-11-13): Lula’s decision will show whether Brazil stays a crude exporter — or starts keeping the value at home.