Energy Daily-06/29/2026

Research evidence excerpt

Energy Daily-06/29/2026

Energy Daily

29 JUN 2026

Today’s highlights: PRS/FLOAT: Another long-term Petrobras tender; US Commodity prices Last 6 days Last price -1 day -1 week -1 month 03-Jun1M high 26-Jun1M low

onshore: Up 10 land rigs w/w; AKSO: Awarded a sizeable contract. Also BrentWTI (bbl)Crude (bbl) $$ 73.169.9 0.71.0 %% -6.2-5.3 %% -24.5-25.5 %% 97.896.0 72.669.2

covered: ARCH, TGS Dutch TTF Gas $/MMBtu 13.6 1.1 % -0.2 % -15.8 % 16.9 13.5

UK Nat Gas $/MMBtu 13.1 1.5 % -1.1 % -15.5 % 16.1 12.7

Henry Hub Nat Gas $/MMBtu 3.3 -1.7 % 3.6 % 5.6 % 3.3 3.0

PRS/FLOAT – Another long-term Petrobras tender UKCO2electricityprice (1M) £/MWhEUR/t 93.480.3 -0.30.8 %% -0.4-3.2 %% -5.72.9 %% 106.081.6 76.292.7

• Petrobras has issued an additional tender for one accommodation unit (UMS), BrentUSD/boeand Nat. gas in USD/boe Equivalent** last 3Y CO2EUR/tprice last 3Y

with start-up no later than 1 September 2027 and a four-year firm contract 135120 10090

80 105• As seen in the previous tender, Petrobras continues to apply a maximum cap, 70

with bids above the threshold disqualified. For this tender the budget is USD 75 60

60 40 ~128k/day, down from USD ~140k/day in the latest tender 50

• The previous tender attracted four bids, with the winning offer from OOS 4530 3020

(OOS Tiradentes) at USD ~125k/day. Other bidders included an old drillship, 150 100

Jun-25 Jun-26 Jun-24 Jun-25 Jun-26 Jun-23 Jun-24 Gran Energia and Nortrans Jun-23 CO2 Price Dutch TTF Brent

• We expect continued interest from the previous bidders, although we do not Last Total return Short Cons. NTM

expect participation from Prosafe or Floatel at these levels, as spec E&PExxonMobil 6 days Last$ price136.5 -1-0.7day% -1-1.4week% 15.2YTD% interest1.2% 12.6xP/E

requirements also open for lower-spec units.