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(PN) Oil States signed a services contract with Petrobras to carry out operations with Dual Bore Riser Systems and peripherals, as well as planning services for operations with these systems. The four year agreement provides for completion, withdrawal and intervention services in subsea wells using a completion system linked to the Riser Dual Bore type... Continue Reading →
(OE) France-based tubular solutions supplier Vallourec has secured a contract from TotalEnergies to supply almost 5,000 tonnes of OCTG solutions and associated services for the Kaminho deepwater project on Block 20, 100 km off the coast of Angola. On this project, Vallourec will supply its range of VAM connections and use CLEANWELL, its more environmentally-friendly,... Continue Reading →
Petrobras hereby announces that it has signed a Master Agreement with Yara Brasil Fertilizantes S.A. (Yara) as a next step in its negotiations to structure potential business partnerships in the fertilizer segment, production of industrial products and decarbonization of production, in line with the Memorandum of Understanding (MOU) signed by the parties on February 29,... Continue Reading →
(Offshore-energy.biz) Brazil is poised to become a significant player in the global ship recycling market, the NGO Shipbreaking Platform said. With the country’s extensive coastline and robust maritime industry, many existing facilities, primarily engaged in shipbuilding and repair, have the potential to expand into recycling, according to the NGO. Professor Newton Pereira from the Federal Fluminense University... Continue Reading →
(Reuters) - Global hydroelectric generation slumped to a five-year low last year as a result of lower-than-average rainfall across China, North America and India, contributing to record fossil fuel combustion and emissions in 2023. Global hydro generation amounted to 4,240 billion kilowatt-hours (kWh) in 2023 down from a record 4,359 billion kWh in 2020, according... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras on Monday announced its first gasoline price hike in almost a year, and also hiked the price of gas used for cooking and heating. In a statement, the oil giant announced it will boost gasoline prices for distributors by 7% starting on Tuesday. Petrobras shares closed up more... Continue Reading →
(TN) In June 2024, the FPSO Cidade de Campos dos Goytacazes MV29 celebrated six years since it produced the first oil in the Tartaruga Verde and Tartaruga Mestiça Fields of the Campos Basin. The start of this operation represented a new moment for MODEC, due to its production capacity, weight (108.7 thousand tons) and size... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3:RRRP3), in accordance with CVM Resolution No. 44, informs its investors and the market in general that has signed a Memorandum of Understanding (“MOU”) with PetroReconcavo S.A. (“Petroreconcavo”) to evaluate the sharing of the natural gas flow, compression, measurement and processing infrastructure owned by 3R in... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R”) and ENAUTA PARTICIPAÇÕES S.A. (“Enauta” and, jointly with 3R, the “Companies”), under the terms of CVM Resolution No. 44, August 23, 2021, following the material facts disclosed on April 1 and 9, 2024, May 17 and 22, 2024, and June 26, 2024, regarding the transaction involving the merger... Continue Reading →
Petrobras, in continuity to the Material Fact disclosed on May 22, 2024, informs that the Court of the Administrative Council for Economic Defense ("CADE") and Petrobras signed, today, an addendum to the Terms of Cessation Commitment ("TCC") for Gas, signed on July 8, 2019. As announced by Petrobras, the addendum results from extensive debates between... Continue Reading →
Brazil Energy Insight 