Petróleo Brasileiro S.A. – Petrobras informs that it has signed the following agreements with Banco do Brasil (BB): (i) The contracting of two Export Credit Notes (ECN) with sustainability commitments, one valued at R$ 3.5 billion and the other at R$ 3 billion, both maturing in 2032; (ii) Renewal of a Revolving Credit Facility (RCF)... Continue Reading →
Brava Energia to Connect Four More Wells to Atlanta FPSO
(Reuters) Brazil's Brava Energia will connect four more wells to its Atlanta field in the first half of 2025, as it starts shipping oil to commodity trading firm Trafigura under a supply deal for six million barrels. That will bring the total number of wells connected to its floating production storage and offloading unit (FPSO)... Continue Reading →
SBM Offshore’s 2024 Revenue Soars 35% to Record High
(Reuters) Dutch oil and gas services firm SBM Offshore's annual revenue jumped 35% to a record high in 2024, driven by the sale of its floating production, storage and offloading vessels (FPSO) in Suriname and Guyana, the company said on Thursday. SBM Offshore's shares rose 9.3% to 20.04 euros at 0851 GMT, their highest in... Continue Reading →
Petrobras informs about the payment of remuneration to shareholders
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Facts/Communications published on 11/07/2024, 12/10/2024 and 02/13/2025, informs that it will make today the payment of the first installment of shareholder remuneration relating to the balance sheet of September 30, 2024. The gross amount to be distributed today corresponds to R$ 0.67545217 per common and... Continue Reading →
Petrobras signs LNG purchase and sale contract with British company Centrica
Petróleo Brasileiro S.A. – Petrobras informs that it has signed a long-term Liquefied Natural Gas (LNG) purchase and sale agreement with the British company Centrica. The agreement represents an important step in the company's strategy, as it reduces exposure to spot prices, increases competitiveness and assures greater security of supply of natural gas to Brazil.... Continue Reading →
Neoenergia reports adjusted profit of R$1.4 billion in the fourth quarter of 2024
Neoenergia released its financial and operating results for the fourth quarter and the accumulated total for 2024. Adjusted profit was R$1.4 billion in the fourth quarter and R$4.3 billion in 2024, in line with 2023. In 2024, Neoenergia increased investments, ensuring the quality of energy delivery, with cost discipline and control of operating expenses below... Continue Reading →
Four FPSOs operated by MODEC are among the 10 largest oil and gas producers in Brazil in 2024
(TN) According to recent data released in the Oil and Natural Gas Production Bulletin of the National Petroleum Agency (ANP), four FPSOs operated by MODEC are among the 10 largest producers in Brazil. The FPSO Guanabara MV31 stood out as the main oil and gas producer in 2024, maintaining the position it achieved in 2023.... Continue Reading →
Amplus Energy Services Buys Altera’s FPSO Fresh Off Duty from Brazil
(OE) Floating production solutions specialist Amplus Energy Services has signed an agreement with Altera Infrastructure to acquire the Petrojarl I floating production storage and offloading (FPSO) unit, which recently completed its deployment at Petrobras’ Atlanta field offshore Brazil. The acquisition marks Amplus' initial vessel ownership, positioning the company to expand this strategy and meet growing... Continue Reading →
CHC Brasil signs new contracts with Petrobras for offshore air transportation for the Campos and Santos Basins
(PN) DHC Brasil announced that it has signed five new contracts for the provision of offshore air transportation services in the Campos and Santos Basins. Scheduled to begin this year, the new five-year agreements will allow CHC to operate four more AW139s and one additional S-92A helicopters in Brazil. “We have supported Petrobras since 1990,... Continue Reading →
Petrobras Forecasts Daily Production of 1.5 Million Barrels in Buzios and Announces R$78 Billion in Investments in Brazilian Shipyards
Petrobras expects to reach a production of 1.5 million barrels of oil per day in the Búzios field in the near future. The information was given by the CEO of the state-owned company, Magda Chambriard, during a Transpetro event. According to her, the increase in production will be supported by a robust hiring of support... Continue Reading →