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(OM) SBM Offshore expects to deliver the FPSO Almirante Tamandaré to Petrobras later this year, the company said in a trading update. The topside modules lifting campaign has finished, and integration and commissioning activities are progressing. The completed platform should produce first oil from the Búzios Field in the Santos Basin offshore Brazil next year. As for other FPSOs... Continue Reading →
(Reuters) Brazil's state-run oil firm Petrobras must do a series of studies on the impact on Indigenous groups in the Amazon area of planned offshore drilling nearby in order to analyze the project's viability, according to a federal agency and documents from government agencies. The wide-ranging studies demanded by Brazil's environmental agency Ibama are meant... Continue Reading →
3R Petroleum Óleo e Gas S.A. (“3R” or “Company”) (B3: RRRP3) hereby presents its results for the first quarter of 2024 (“1Q24”) . Except as indicated otherwise, the financial and operational information herein described is presented on a consolidated basis, in Brazilian Reais (R$), and in accordance with International Financial Reporting Standards (IFRS). QUARTER HIGHLIGHTS... Continue Reading →
(OE) U.S.-based offshore drilling company Diamond Offshore has secured the marketing rights for three seventh generation drillships - West Dorado, West Draco and West Libra, which will be renamed Tidal Action. Diamond Offshore entered into an agreement with Eldorado Drilling, the owner of the West Dorado and West Draco, to market the rigs in Brazil,... Continue Reading →
(Reuters) - Brazilian power giant Eletrobras (ELET6.SA), opens new tab reported late on Wednesday a first-quarter net profit of 331 million reais ($65 million), down 19% from a year earlier as it resumed investments in the transmission segment. WHY IT'S IMPORTANT Eletrobras is Latin America's largest utility and has been implementing new strategies after it was privatized in June... Continue Reading →
(Reuters) - Brazil's state-run oil firm Petrobras will begin to drill off Colombia's coast at its Uchuva-2 well this month, Chief Exploration and Production Officer Joelson Mendes told journalists during a press-conference. The promising area off Colombia's coast could justify a large project to supply natural gas to the Andean country and for exports, Mendes said in... Continue Reading →
Barry Parker, Contributor (OE) Offshore energy is on a growth trajectory. Rystad Energy wrote in February 2024 that upstream oil majors were diving in to deeper waters. “Despite tightened budgets, frontier drilling is fueling optimism for a productive year, particularly deepwater projects in the Atlantic Margin, Eastern Mediterranean and Asia,” Rystad wrote, noting that “the trend... Continue Reading →
(OM) Petrobras has received the Distinguished Achievement Award at the Offshore Technology Conference (OTC) for its innovations at the Marlim Field and others in the Campos Basin offshore Brazil. The company’s president Jean Paul Prates said, “Through intensive use of innovation and technology, we managed to increase production in the Campos Basin by 230,000 bbl/d, which was already considered... Continue Reading →
(Offshore-energy.biz) Brazilian state-owned oil and gas giant Petrobras has tucked a new greenhouse gas (GHG) emission reduction milestone under its belt with a 41% drop in operational absolute GHG emissions between 2015 and 2023 on the decarbonization journey towards a just energy transition and net zero operations. Thanks to this, one of the highlights of the new... Continue Reading →
(PN) Yinson announced that the FPSO Maria Quitéria departed the Cosco Shipping Heavy Industry shipyard, in China, heading to Brazil. The vessel is expected to arrive in the country during the second quarter of 2024 and will be installed in the Jubarte field, in the northern part of the Campos Basin. The FPSO will be... Continue Reading →
Brazil Energy Insight 