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Petróleo Brasileiro S.A – Petrobras informs that it has published its 2023 Sustainability Report today. The document reports on progress in the company's sustainability commitments and consolidates indicators related to environmental, social and governance (ESG) issues. This year, an ESG Panel was also published, which brings together quantitative data, including the performance of indicators following... Continue Reading →
(Reuters) - Brazil's Eletrobras (ELET6.SA), opens new tab, Latin America's largest utility, has signed a deal to sell its portfolio of thermoelectric power plants to Ambar Energia for a total 4.7 billion reais ($878.01 million), it said in a securities filing on Monday. The deal's price tag includes an earn-out of 1.2 billion reais, according to... Continue Reading →
(OE) U.S. oilfield services giant Baker Hughes has secured a contract from Brazil state-owned oil and gas major Petrobras for workover and plug and abandonment (P&A) services in pre-salt and post-salt fields offshore Brazil. The multi-year project, set to start in the first half of 2025, will be managed with Baker Hughes’ integrated solutions portfolio... Continue Reading →
(PN) PRIO released its operational data for May this week. The company recorded a production of 88.7 thousand barrels per day of oil equivalent, which represents a drop of 4.4% compared to the previous month's result (92.7 thousand barrels per day).(PN) According to the company, the Frade field had its production impacted due to the... Continue Reading →
To improve the efficiency and safety of deep-water oil and gas activities, Petrobras and Curtiss-Wright have entered into a technological cooperation agreement to design a fully electric, highly reliable subsea pumping system with far less dependency on the production platform. The new equipment produced by the partnership will reduce vessel costs, enable production through long... Continue Reading →
Petróleo Brasileiro S.A – Petrobras, following up on the release disclosed on April 17, 2024, informs that its Executive Board approved today the resumption of operating activities of fertilizer plant Araucária Nitrogenados S.A. (ANSA), a wholly-owned subsidiary of the company. The plant, located in the state of Paraná, has been mothballed since 2020. All procedures... Continue Reading →
(Offshore-energy.biz) UK-headquartered CRP Subsea, part of AIS, has won a deal with an undisclosed energy technology company, which enables three offshore oil field projects in Brazil’s Santos Basin to find their way to the subsea firm’s order book for deepwater buoyancy solutions. While disclosing the award of a contract it describes as significant, CRP Subsea explains... Continue Reading →
(OE) France-based tubular solutions supplier Vallourec has secured a contract to supply Petrobras with carbon steel tubes and accessories to be used in various offshore development wells, mainly off the Brazilian coastline. Vallourec will supply 1,800 tonnes of carbon steel tubes with Glass Reinforced Epoxy liners (GRE technology), together with the associated corrosion resistant alloy... Continue Reading →
(Reuters) - Brazil's Eletrobras, Latin America's largest utility, signed a memorandum of understanding with infrastructure company Prumo to produce green hydrogen in a port in Rio de Janeiro, which could lead to development of a pilot plant, the two firms said. The memorandum, signed on Wednesday at an event in Rio, also opens the door... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that Moodys rating agency has reaffirmed its credit rating at "Ba1", one notch above the country, with a stable outlook. The stand-alone credit rating was also reaffirmed at "Ba1", reflecting the company's credit metrics and its positive track record of operational and financial improvement. The rating also reflects Moody's... Continue Reading →
Brazil Energy Insight 