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(Reuters) Brazil's state-run Pre-Sal Petroleo (PPSA) will hold an oil auction on June 25 for an estimated 78 million barrels, the firm's head of finance Samir Awad said on Thursday. The volume to be auctioned off next year will be more than double what was auctioned off this year, Awad told journalists on the sidelines... Continue Reading →
December 5, 2024 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3) hereby informs its shareholders and the market in general that after satisfaction of the conditions precedent, the formal procedures for the closing of the acquisition of 40% interest in the Peregrino and Pitangola Fields (“Field” or “Peregrino”) have been concluded and, as of this... Continue Reading →
(OE) ABL Group has entered into an agreement to acquire Brazil-based naval architecture and engineering consultancy Proper Marine, increasing its expertise in floating production storage and offloading (FPSO) sector. Proper Marine will be merged with ABL’s design and engineering arm Longitude. The company will expand ABL’s design and engineering capabilities with a team of over... Continue Reading →
Petróleo Brasileiro S.A Petrobras informs that the Chairman of the Board of the company, Mr. Pietro Adamo Sampaio Mendes, has been nominated by the Ministry of Mines and Energy of Brazil for consideration by the country’s Chief of Staff's Office as a proposed candidate to occupy a Directorship at the National Agency for Petroleum, Natural... Continue Reading →
PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of November. Key: (1) The production of the Frade field was affected by a failure during the update of the turret's communication system. (2) In the Polvo and Tubarão Martelo cluster, production... Continue Reading →
(Reuters) - Brazilian prosecutors asked state-run oil firm Petrobras (PETR4.SA), opens new tab to do more studies before drilling off the coast of the Amazon rainforest, citing potential effects of extreme weather on tides, according to documents filed on Monday to environmental agency Ibama. An oceanographer's technical assessment commissioned by the Federal Prosecutor's Office and dated Oct.... Continue Reading →
Norwegian energy giant Equinor has tucked a new steel pipe production milestone under its belt for its upcoming natural gas project off the coast of Brazil. Equinor marked the occasion by hosting a celebration at Confab, Tenaris’ welded mill in Brazil’s Pindamonhangaba to commemorate the completion of steel pipe production for the Raia project. With over 99%... Continue Reading →
Petrobras informs that it has initiated a new procurement process for the construction of up to two FPSO oil production units for the Sergipe Deep Waters Project (SEAP), in the Sergipe-Alagoas Basin. The procurement model will be Build-Operate-Transfer (BOT), where the contractor is responsible for the design, construction, assembly, and operation of the asset for... Continue Reading →
(Eixos) The Porto do Açu, in Rio de Janeiro — controlled by Prumo Logística in partnership with the Port of Antwerp-Bruges International — signed a memorandum of understanding (MoU) with the Belgian company Sarens, to study partnerships in logistics solutions for the transportation of components for the offshore wind power chain The agreement was formalized... Continue Reading →
(Reuters) - Brazil will put 91 oil blocks into sale permanently, which could bring 2.4 billion reais ($394.11 million) in signing bonuses in the next round of auctions, said the country's Ministry of Mines and Energy in a Friday statement. The government will make available 39 blocks in Minas Gerais state's Sao Francisco Basin, 41... Continue Reading →
Brazil Energy Insight 