Norway-based TMC Compressors has been awarded a contract to deliver a large marine compressed air system for the Brazil-bound FPSO Anita Garibaldi. The FPSO - to be delivered by Japan's MODEC in 2022- will be deployed at Petrobras' Marlim field in the Campos Basin. TMC will deliver a large marine compressed air system to FPSO... Continue Reading →
Wilson Sons invests in an Israeli startup
This initiative seeks to promote innovation and development in the Brazilian port and maritime sector Wilson Sons, the largest integrated port and maritime logistics operator in Brazil, acquired a minority equity participation at Docktech, an Israeli startup. The deal also contemplates a commercial exclusivity agreement to install Docktech's technology throughout Brazilian ports. This new investment is... Continue Reading →
The pre-salt represents 73% of Brazil’s total oil production in February
In February 2021, Brazilian oil and natural gas production in the Pre-salt was approximately 2.6 million barrels of oil equivalent per day (boe / d). This volume represented 73.14% of the total in the country, the highest percentage of Pre-salt participation in national production ever recorded. Total Brazilian production was 3.55 million boe / d.... Continue Reading →
World’s Top Oil Trader Vitol Smashed Profit Record in 2020
(Bloomberg) Vitol Group reaped record profits of around $3 billion last year as the world’s largest independent oil trader surfed the dramatic moves in energy markets, according to people familiar with the matter. The results are the latest indication of the bonanza that oil traders enjoyed in 2020, when the commodity plunged amid a Saudi-Russian price war in... Continue Reading →
Cade approves acquisition of the Remanso Cluster by PetroReconcavo
Cade approved the acquisition, by PetroReconcavo, of the 12 onshore concessions that form the Remanso Cluster. The transaction is still subject to the approval of the ANP and the transfer, by Petrobras, of the environmental licenses granted by the Institute of the Environment and Water Resources (Inema) Source: PetroleoHoje
Guyana’s First Offshore Oil Field Now at Full Output Capacity, President Says
Guyana's President Irfaan Ali said on Wednesday that the first phase of the Liza offshore crude project had achieved its intended full production capacity of around 130,000 barrels per day (bpd). Ali told the Guyana Basins Summit that he expected an additional 10 exploration and appraisal wells to be drilled off the South American country's... Continue Reading →
Brazil passes natural gas law to attract investors, cut red tape
(Reuters) - Brazil’s lower house approved a new regulatory framework for the natural gas sector in the early hours of Wednesday, a move the government hopes will increase competition in the industry. The bill, which garnered support from industrial consumers, will now be signed into law by President Jair Bolsonaro. “In this difficult moment, this... Continue Reading →
Sparrows scores hat-trick in Angola’s deepwater region
Engineering and maintenance services specialist Sparrows Group has secured one contract renewal and two extensions, worth a seven-figure sum, in Angola to support major operators in the deepwater region. According to Saprrows’ statement on Wednesday, the first award is a three-year renewal to continue with the planned and corrective maintenance of all lifting equipment used... Continue Reading →
Forum Energy Technologies Targets Growth in South America
U.S.-based oilfield products supplier Forum Energy Technologies (FET) said it has entered into a partnership with Deepsea Technologies Equipamentos Industriais Ltda to represent its operations in Brazil as part of the business’ long-term growth strategy in South America. Deepsea Technologies provides engineered products and services to the oil and gas industry globally, with a key... Continue Reading →
Petrobras on manifestation of the People Committee
Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on March 15, 2021, informs that the People Committee of the company's Board of Directors met on this date to analyze the appointment of Mr. Joaquim Silva e Luna for the positions of Member of the Board of Directors and CEO of Petrobras.... Continue Reading →
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