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The global capacity of fully operational offshore wind farms has reached 80.9 GW, according to RenewableUK, whose new report also shows China is leading in total operational capacity, new capacity installed in 2024, as well as in the capacity of the project pipeline. The global operational offshore wind capacity increased by 15 per cent from... Continue Reading →
(offshore-energy.biz) Australia’s oil and gas company Karoon Energy is expected to make up its mind around April 2025 about moving forward with the next stage of development, which represents the entry into front-end engineering design (FEED), for an oil field discovery in the Santos Basin off the coast of Brazil. While Karoon hired a rig... Continue Reading →
(Reuters) - Brazilian oil company Prio has denied being in talks to buy the 60% stake owned by Norway's Equinor in the Peregrino oil field. In a securities filing late on Thursday, the company countered a report by newspaper Folha de S.Paulo published earlier that day that said, citing sources, that there were ongoing talks for the... Continue Reading →
Subsea7 managed to come out on top and present the best proposal in a Petrobras bidding process for the supply of SURF (subsea umbilicals, risers and flowlines) for the P-83 (Buzios 11) platform vessel. The Norwegian company submitted an offer of R$8.45 billion (US$1.4 billion) in the competition. The Swiss company Allseas came in second... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces the establishment of an Impact Fund for Bioeconomy and Nature-Based Solutions Socio-Environmental Projects (Petrobras Bioeconomy Fund) in partnership with Régia Capital, a management firm focused on sustainable investments and financial solutions. Petrobras allocated R$ 50 million to the Fund, with Régia contributing an additional R$ 50 million. This is... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras hereby informs that it has received, this week, the following contingent payment installments (earnout): (i) R$2.161 billion from the partners of the Sépia and Atapu blocks - TotalEnergies EP Brasil Ltda. (28%), PETRONAS Petróleo Brasil Ltda. (21%) and QatarEnergy Brasil Ltda. (21%) in Sépia; Shell Brasil Petróleo Ltda. (25%) and... Continue Reading →
Highlights – 2024In 2024, Petrobras achieved all the production targets set out in its 2024-2028+ Strategic Plan, within the ±4% range.Total oil and natural gas production reached 2.7 million barrels of oil equivalent per day (boed). Commercial production of oil and natural gas in 2024 reached 2.4 million boed and oil production was 2.2 million... Continue Reading →
In 2024, the Brazilian average annual production of oil and natural gas reached 4.322 million barrels of oil equivalent per day (boe/d), remaining stable compared to 2023. There was a reduction of 0.5% in 2024, compared to the total for the previous year, which reached a record of 4.344 million boe/d. In the case of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, further the notices disclosed on April 27, 2022, and January 26, 2023, hereby informs that today it has received from Petro Rio Jaguar Petróleo S.A. (“PRIO”), a subsidiary of PRIO S.A., R$1.025 billion referring to the contingent payment (earnout) related to the oil barrel price for the 2024 fiscal year. ... Continue Reading →
(Reuters) - Brazil's central bank raised its benchmark interest rate by 100 basis points for the second straight meeting on Wednesday and signaled another hike of that size in March, leaving the door open for subsequent moves amid mounting inflationary pressures. The bank's rate-setting committee, known as Copom, lifted the Selic policy rate to 13.25%... Continue Reading →
