Petróleo Brasileiro S.A. – Petrobras, in relation to news published in the media about the project to divest the Albacora and Albacora Leste fields, in the Campos Basin, clarifies that it has received binding offers from the consortia PetroRio/Cobra and EIG Global Energies Partners/Enauta/3R Petroleum for the acquisition of the fields. Such offers could exceed... Continue Reading →
ABESPetro has new directors and Fiscal Council
The Brazilian Association of Petroleum Services Companies – ABESPetro, elected, at the Ordinary General Meeting, the new Board and Fiscal Council for 2022/2023. Rodrigo Ribeiro (Constellation) was elected the Chief Executive Officer. The new Board also includes Bruno Freitas (SBM Offshore), Lauro Puppim (Saipem), Luana Duffe (TechnipFMC), Marcos Villela (NOV) and Ricardo de Luca (Porto... Continue Reading →
Analysis: From chips to ships, shortages are making inflation stick
(Reuters) - Soaring gas prices, staff shortages, a lack of ships -- price pressures globally may be picking up faster than anticipated, challenging the view that inflation will prove transitory. Central bankers, while adamant inflation will subside, are starting to concede it may stay higher for longer as a range of issues push up the... Continue Reading →
ANP ESTABLISHES CRITERIA AND PROCEDURES FOR THE PRESENTATION OF FINANCIAL GUARANTEES FOR DECOMMISSIONING
The National Agency of Petroleum, Natural Gas and Biofuels - ANP published today, September 29, 2021, ANP Resolution No. 854, of September 27, 2021, which regulates the procedures for the presentation of financial guarantees and term to ensure the resources for the decommissioning of production facilities in oil and natural gas fields.The presentation of financial... Continue Reading →
Subsea 7 Secures ‘Major’ Contract Worth More Than $750M
Offshore installation company Subsea 7's Subsea and Conventional business unit has won a 'major' contract. Subsea 7 defines a major contract as being over $750 million. The company said that the award extended the engineering, project management and procurement scope of the contract announced in March 2021. The scope of work includes the provision and... Continue Reading →
Schlumberger, AVEVA Offer Integrated Digital Solutions for Oil & Gas Production Operations
Oilfield services giant Schlumberger and industrial software provider AVEVA have agreed to integrate edge, AI, and cloud digital solutions to help oil companies optimize oil and gas production. The companies said they'd collaborate together to streamline how energy operators acquire, process, and action field data for enhanced wellsite efficiency and performance. The initial focus of... Continue Reading →
Complying with Court Order, U.S. to Hold Gulf of Mexico Oil and Gas Lease Sale in November
The U.S. Bureau of Ocean Energy Management (BOEM) will hold an oil and gas lease sale for the Gulf of Mexico on November 17, complying with a U.S. District Court order. To remind, the Biden administration had paused all oil and gas leasing activities on federal lands and waters in January, citing climate crisis. A federal judge... Continue Reading →
Petrobras concludes redemption of Global Notes
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on September 24, 2021, informs that its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) concluded today the settlement of the early redemption of the 4.375% Global Notes e 4.25% Global Notes, both maturing in 2021. The total amount of the redemption was equivalent to... Continue Reading →
OIL FIELDS FROM THE TRANSFER OF RIGHTS ARE AMONG THE LARGEST PRODUCERS FOR THE MONTH OF AUGUST
(ANP) In August, the Búzios, Atapu and Sul de Tupi fields, all producing under the transfer of rights regime in the Santos Basin pre-salt, were among the largest national producers. Búzios, with 669.3 thousand boe/d (barrels of oil equivalent per day) was in second place, behind only the Tupi field, which produced 1.2 million boe/d.... Continue Reading →
Brazil’s Petrobras to provide $56 mln in cooking gas program for the poor
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) announced late on Wednesday it will provide 300 million reais ($56.23 million) to a 15-month social program that aims to help low-income families to buy cooking gas. The move comes as Brazil faces a rising inflation boosted by high energy and food prices, which has been affecting President Jair... Continue Reading →
Brazil Energy Insight 