Brazilian independent Brava Energia’s acquisition of Petronas’ 50% non-operating share in the Tartaruga Verde and Espadarte Module III assets in Brazil marks the country’s first major merger and acquisition (M&A) deal of 2026 and follows the trend of local independents consolidating stronger positions in the offshore sector. Upon completion of the $450 million deal, Brava Energia will have the capacity to produce over 100,000 barrels of oil equivalent (boe) per day and could enter the ranks of the country’s top five…