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The Maria Quitéria platform vessel has arrived in Brazil, destined for the Jubarte field, in the Parque das Baleias complex, in the Espírito Santo portion of the Campos Basin. It is an FPSO (floating oil production, storage and transfer system) unit, equipped with technologies to reduce emissions, including the combined cycle in power generation –... Continue Reading →
Wilson Sons, a leader in port and maritime logistics in Brazil, was recognized, for the second year running, as one of Brazil’s most innovative companies. According to the Valor Inovação Brasil 2024 Yearbook survey, released this Tuesday, August 6th, Wilson Sons is one of the Top-5 Transport and Logistics companies, and is part of the... Continue Reading →
(Bloomberg) -- Brazil analysts lifted their key rate forecast for the end of next year as the biggest currency rout in emerging markets fans concerns of more persistent inflation going forward. The benchmark Selic will hit 9.75% in December of next year, up from the prior estimate of 9.5%, according to a weekly central bank... Continue Reading →
(Oil Now) Subsea7 is closely watching Suriname’s offshore oil sector, with hopes of winning a massive subsea contract to support TotalEnergies’ Block 58 project. In a Q2 earnings presentation, Subsea7 listed the Suriname project among a selection of Invitations to Tender (ITT) in-house or expected in the next 12 months. It expects the contract to... Continue Reading →
Law No. 14,948/2024, which establishes the legal framework for low-carbon hydrogen, was published August 2, 2024, in an extra edition of the Official Gazette of the Union. The law assigns ANP the powers to regulate, authorize and monitor the exercise of hydrogen exploration and production activities in Brazil. According to the new legal framework, ANP... Continue Reading →
Camorim announces the July 2024 contract with Petrobras, in partnership with GranEnergia, for the operation of the Sayan Polaris vessel. The contract, worth approximately USD 60 million, will last for 2 years, where the Sayan Polaris vessel will act as an accommodation and personnel transfer unit for the Petrobras units that will be served during... Continue Reading →
(Reuters) - Brazil's Petrobras will include at least one partner in its bid for a 40% stake in Galp Energia's Mopane oil prospect in Namibia, two sources with knowledge of the matter told Reuters. Last week, Petrobras' director of exploration and production, Sylvia dos Anjos, told Reuters that the state-run firm had made a non-binding... Continue Reading →
Petrobras, following up on the release disclosed on 07/29/2022, informs that it has achieved the main target of the Uchuva-2 well, confirming the extent of the gas Discovery made in 2022 with the drilling of the Uchuva-1 well. This well adds relevant information for the development of a new frontier of exploration and production in... Continue Reading →
ANP released the Monthly Bulletin of Oil and Natural Gas Production for June 2024, which brings consolidated data on national production. In June, there was an increase, compared to May 2024, in oil and natural gas production, as well as in pre-salt production. Total production (oil + natural gas) was 4.353 million barrels of oil... Continue Reading →
Petrobras has signed the first contract to acquire undersea equipment to start implementing the Atapu 2 and Sépia 2 projects. The equipment will be installed in the Santos Basin's pre-salt layer and the Campos Basin Roncador field. The commercial agreement was closed with the SLB OneSubsea group, and the equipment will start being built in... Continue Reading →
Brazil Energy Insight 