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On Thursday (12), the Senate approved the draft legal framework for the use of offshore wind power (in the open sea). The bill was approved with “riders” that benefit coal and natural gas thermoelectric plants. The text must now be submitted for presidential approval. The majority of senators rejected, by 40 votes to 28, a... Continue Reading →
Petrobras has signed contracts worth R$16.5 billion for the construction and chartering of 12 Platform Supply Vessels (PSV). Of the total value of the contracts, R$5.2 billion are earmarked for investments in shipbuilding in Brazil. These vessels will be essential for the company's Exploration and Production logistics operations until 2028. The contracts, signed with the... Continue Reading →
(OE) Global energy technology company SLB, through its OneSubsea joint venture, has secured a contract with Petrobras for the delivery of two subsea raw seawater injection (RWI) systems to increase production at the Búzios field, offshore Brazil. Under the contract, SLB OneSubsea will provide two complete subsea RWI systems to support Petrobras’ floating production storage... Continue Reading →
(Reuters) Dutch firm SBM Offshore is considering bidding on a tender launched by Brazil's Petrobras to build up to two oil platforms for the state-run oil firm, SBM's president in Brazil, Jonas Lobo, told Reuters. The tender, to build up to two Floating Production Storage and Offloading (FPSO) vessels, is part of Petrobras' plans to... Continue Reading →
(TN) For the first time in Brazil, automated operations were performed on an oil well, using technology from the Norwegian company HMH. The maneuver performed with full automation took place in a well in the Santos Basin, and was carried out by Foresea's Norbe IX drillship, which is becoming a pioneer in automated operations with... Continue Reading →
(OE) Following a competitive tender process, energy technology company SLB has secured a new contract with Petrobras for providing integrated services across all of its offshore fields in Brazil. SLB will oversee the construction of more than 100 deepwater wells, utilizing advanced drilling, cementing and drilling fluids technologies on up to nine ultra-deepwater rigs. The... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact from November 7, 2024, informs that the distribution of remuneration to shareholders, approved on that date by the Board of Directors, in the amount of R$ 17.12 billion, equivalent to R$ 1.32820661 per common and preferred share in circulation, will be paid as follows,... Continue Reading →
(Reuters) - Brazilian President Luiz Inacio Lula da Silva was recovering in an intensive care unit on Tuesday, doctors said, after being rushed to a Sao Paulo hospital for emergency surgery to drain a bleed on his brain linked to a fall in October. The 79-year-old Lula was in stable condition and speaking and eating... Continue Reading →
(Reuters) - The bill that regulates offshore wind power generation in Brazil advanced in the Senate on Tuesday with approval in the Infrastructure Committee, with a vote scheduled for the plenary session of the House on Wednesday. Bill 576/2021, which is on the voting agenda, has been heavily criticized by the electricity sector due to... Continue Reading →
(OE) Brazil's state-run oil firm Petrobras PETR4.SA cut $1.1 billion in planned investments in decommissioning oil and gas platforms in its strategic plan for the 2025-2029 period, compared to what was earmarked in its 2024-2028 plan, the company told Reuters. Petrobras expects to invest $9.9 billion in platform decommissioning through 2029, compared with more than... Continue Reading →
Brazil Energy Insight 