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(PN) Brazil is expected to receive around R$10 billion in investments this year in oil and gas blocks that are in the exploration phase. The data was presented by the National Petroleum Agency (ANP), in the Annual Exploration Report (available on the ANP website). Of this amount, the offshore environment will receive R$9.50 billion, of... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that the Company's new brand will be Brava Energia and that its shares will start trading on B3 under the code BRAV3 and with the new trading name BRAVA,... Continue Reading →
(offshore-energy.biz) Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, which currently invests in five business units – Yinson Production, Yinson Renewables, Yinson GreenTech, Farosson, and Regulus Offshore – has set the wheels in motion to part with the last affiliate on this list, which offers integrated offshore support vessel (OSV) services. Given Yinson’s strategic... Continue Reading →
(Reuters) - Brazilians will pay more for electricity in September as local power regulator Aneel decided to impose an additional charge on bills due to a drop in reservoir levels at hydroelectric plants amid the country's dry season. Despite the growth of wind and solar power in Latin America's largest economy in recent years, more... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on Communication of December 13, 2023, informs that it signed 26 Concession Contracts of the 4th Permanent Concession Offer Cycle, acquired in partnership with Shell in the public session held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in December 2023. The consortium will have... Continue Reading →
(offshore-mag.com) Petrobras has signed an agreement to implement Dry-Flo technology in Brazil for the dry testing of deluge systems in its Búzios field FPSO units. This technology, developed by the Paradigm Group, has already seen global adoption across various players in the onshore and offshore markets. The contract was facilitated with support from Mi Fire, Paradigm’s local partner in... Continue Reading →
(TN) Enel Trading, the Enel Group's trading company, has facilitated the acquisition of carbon credits from Enel Green Power plants by CBO Group (Companhia Brasileira de Offshore), a company in the maritime support segment. The company signed a contract to offset emissions from its vessels, via carbon credits, and from three administrative units, via I-RECs... Continue Reading →
Petrobras, the Latin American champion in the past four years according to the Top500.org ranking, which evaluates the world's foremost High-Performance Computers (HPCs), will boost its technological park by acquiring five new supercomputers with a total investment of BRL 500 million. One of the machines, capable of processing the equivalent of roughly 10 million mobile... Continue Reading →
(Bloomberg) A worsening drought across Brazil that has stoked record wildfires and withered crops now threatens the country’s power supply, raising the risk of higher prices and blackouts in South America’s largest economy. Hydroelectric plants supply more than half of Brazil’s power, typically at low cost. But the reservoirs that feed those plants are shrinking... Continue Reading →
The platform ship Sepetiba, chartered by Petrobras, reached its top production, 180 million oil barrels per day (bpd), in the Mero field, in the Santo Basin’s pre-salt layer, last Tuesday (08/27). This milestone was reached within the estimated time frame of eight months due to the promptness of the unit’s oil treatment and gas compression... Continue Reading →
Brazil Energy Insight 