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Petrobras, in consortium with the companies CNOOC, CNODC and PPSA, reached a new milestone: the Buzios field reached 1 billion barrels of oil (bbl) produced. The feat was achieved on March 31st, and adds up to the production of the five units in operation in the largest field in the world in ultra-deep waters, the... Continue Reading →
(OE) Oilfield services and technology company SLB has been awarded three contracts by Petrobras for completion hardware and services for up to 35 subsea wells in the development of Buzios Wave II offshore oil field. The scope of the contract includes SLB’s full bore electric interval control valves and electric subsurface safety valves. The award... Continue Reading →
(Reuters) A Brazilian judge has suspended the chair of state oil firm Petrobras, Pietro Sampaio Mendes, over a conflict of interest regarding his role in the Ministry of Energy, a court decision seen by Reuters on Thursday showed. The ruling by Sao Paulo Judge Paulo Cezar Neves Junior also ordered wage and salary payments to... Continue Reading →
(Bloomberg) -- Petrobras head Jean Paul Prates is set to remain in charge of Brazil’s state-controlled oil giant for now, as an internal government battle over the company’s chief executive role cools down, according to people with knowledge of the matter. A dispute over the job erupted inside President Luiz Inacio Lula da Silva’s administration last week,... Continue Reading →
(TN) EIG, a leading American global fund in the energy and infrastructure sectors, and Lake Capital Investimentos, the resource management division of Lakeshore Partners, focused on the energy and infrastructure sectors, announced to the market that they have completed the acquisition of Ocyan Partipações S.A. ( "Ocyan" or "Company"), a Brazilian provider of solutions for... Continue Reading →
PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of March. Key: (1) The production from the Frade field was affected due to a defect in the gas lift valve of the ODP5 well, which required a temporary interruption of the... Continue Reading →
( Offshore-energy.biz) Offshore do Brasil, a subsidiary of Norway’s shipping player Siem Offshore, has won a four-year assignment in Brazil with an undisclosed company for one of its oil spill recovery vessels (OSRV). The new contract award for the OSRV Siem Marataizes is slated to begin in the second quarter of 2024. This vessel has been designed... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), under the terms of art. 157, § 4, of Law No. 6,404 and CVM Resolution No. 44, communicates to its investors and the market in general, following the material fact disclosed on April 1, 2024, that has signed, on this date, Memorandum of Understanding... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, informs that it has discovered an accumulation of oil in ultra-deep waters of the Potiguar Basin, in the Anhangá exploratory well, of Concession POT-M-762_R15. The 1-BRSA-1390-RNS (Anhangá) well is located on the coast between Ceará and Rio Grande do Norte, about 190 km from Fortaleza and 250 km from Natal, at... Continue Reading →
(offshoreWindbiz) Brazil’s SENAI Institute for Innovation in Renewable Energies (ISI-ER) installed a LiDAR in the Paracuru municipality in the state of Ceará on 3 April, the last piece of equipment of what is said to be the largest offshore wind resource monitoring network in Brazil. Through an agreement with the Ministry of Science, Technology and... Continue Reading →
Brazil Energy Insight 