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Petrobras, following up on the releases disclosed on December 29, 2023 and February 5, 2024, informs that the contract for Industrialization to Order (Tolling) signed with Unigel Group, signed on December, 29,2023, did not have its conditions of effectiveness met within the established period (June, 27, 2024) and, therefore, had its validity ended even before... Continue Reading →
(Offshore-energy.biz) Switzerland-based offshore drilling contractor Transocean has gotten down to business in Brazil, where its newbuild ultra-deepwater drillship set the ball rolling on its inaugural drilling assignment with the country’s state-owned energy giant Petrobras. Following a purchase agreement at the end of 2022 for the acquisition of the Deepwater Aquila (ex-West Aquila) drillship for $200 million from Hanwha Ocean,... Continue Reading →
(OE) MODEC and Terra Drone Corporation have entered into a joint research and development agreement to enhance inspection drones for floating production, storage and offloading (FPSO) vessels. The agreement follows the memorandum of understanding signed by the companies in November 2023. Since, MODEC has continuously utilized Terra Drone’s drone technology to measure the hull thickness... Continue Reading →
(Reuters) A strike by environmental workers in Brazil is already impacting Petrobras' operations in three offshore oil fields, the state-run firm told Reuters on Wednesday. There have been delays in developing production in the Mero, Buzios and Marlin fields, assets that require approval from the environmental agency Ibama to increase production. Since January, Ibama employees... 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 article 157, §4, of Law No. 6,404, December 15, 1976 (“Brazilian Corporate Law”), CVM Resolution No. 44, August 23, 2021, following the material facts disclosed on April 1 and 9, 2024, and May 17,... Continue Reading →
(Reuters) A newly formed company headed by a former Exxon Mobil executive was selected to support the Guyana government and Exxon to create a new independent natural gas development in the country, Guyana's Ministry of Natural Resources said. Fulcrum LNG offered "the most comprehensive and technically sound proposal" among 17 bidders, the government said in... Continue Reading →
Jesper Skjong, Contributor (OE) There are solid underlying fundamentals that are driving the increased vessel demand, chief among them is the increased offshore upstream investment on a global level. Overall, spending on exploration and production is set to increase roughly 45% from 2021 to 2025, reaching a total of almost $200 billion in the latter year.... Continue Reading →
(Zack's) Petrobras PBR, a Brazilian oil and gas company, in partnership with Colombia-based integrated oil and gas company Ecopetrol S.A. EC, has commenced the drilling of the Uchuva-2 well in the Tayrona block, located offshore Colombia’s Caribbean coast. This move is part of a broader strategy to boost Colombia's natural gas reserves and enhance the country's energy security.... Continue Reading →
(OE) Norwegian offshore vessel operator DOF Group has secured two long-term contracts with Petrobras for its Pipelay Support Vessel (PLSV) and the Anchor Handling Support vessel (AHTS). The Brazilian built and flagged PLSV Skandi Niterói is awarded a three-year firm plus option contract, starting in 2025. The vessel is owned by DOFCON Navegação, a joint... Continue Reading →
Petrobras, Gerdau, and Naturgy have signed contracts for the supply of natural gas in the free market environment to serve Cosigua, Gerdau's long steel production unit located in Rio de Janeiro (RJ). The agreement marks the first migration of a captive industrial market customer to the free market in the State, making the company's plant... Continue Reading →
Brazil Energy Insight 