On October 2, Petroleo Brasileiro SA Petrobras rose 3.12% in regular trading, trading at 21.625 USD/share, with turnover of approximately $318 million.

On the news front, Petroleo Brasileiro SA Petrobras announced a new oil-bearing interval discovery at its Morpho exploratory well in block FZA-M-59, located in ultra-deep waters off the coast of Amapa, Brazil. The company holds 100% participating interest in the block. This marks a follow-up to an earlier hydrocarbon identification at the same well in August, reinforcing the company's frontier exploration strategy. Additionally, the CEO stated that drilling at the first well in the Amazon mouth basin is expected to be completed by the end of October, with plans to drill appraisal wells around the Morpho discovery next year.

Complementing upstream progress, Petroleo Brasileiro SA Petrobras recently secured two major long-term LNG supply agreements — a 20-year deal with Sempra Infrastructure and a 22-year deal with a Cheniere Energy subsidiary — locking in approximately 1.6 million tonnes per annum of LNG supply, significantly reducing exposure to spot price volatility.

Within the Integrated Oil & Gas sector, the broader group posted modest gains. Among peers, Shell up 0.62%, BP up 0.74%, Exxon Mobil up 0.28%, Occidental up 0.13%, and Chevron down 0.07%.

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