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(Reuters) - Brazil's government will push state-run oil company Petrobras (PETR4.SA), opens new tab to reinvest cash set aside for dividends, two sources told Reuters, after its board spiked an extra dividend, blindsiding investors that sent shares plunging 10% on Friday. Petrobras CEO Jean Paul Prates spent over two hours on an earnings call trying to ease... Continue Reading →
(OE) Norwegian offshore vessel owner Siem Offshore has been awarded a contract extension for the multi-purpose support vessel (MPSV) Siem Dorado. According to Siem Offshore, the extension secures the utilization of Siem Dorado MPSV for a period reaching towards the end of the fourth quarter in 2024. The contract is expected to start in direct... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors (BoD), in a meeting held today, approved the submission to the Annual General Assembly (AGM), scheduled for April 25, 2024, of the proposed distribution of dividends equivalent to R$ 14.2 billion. If approved by the AGM, considering the dividends anticipated by the Company throughout... Continue Reading →
Dear shareholders and investors, I am very proud to address you today, not only in light of the excellent economic and financial results we are disclosing, but especially because I am convinced that we are building a Petrobras which is more solid, more resilient and able to generate long-term value to its partners and to... Continue Reading →
(OE) The fabrication of a floating production storage and offloading (PFSO) for the Raia project in Brazil, operated by Equinor on behalf of the Raia project consortium, has officially started at Seatrium’s BrasFELS Shipyard. The strike steel ceremony, which symbolizes the first steel cut of the FPSO Raia project, marks the start of the collaboration... Continue Reading →
This free translation may be of interest Article by Paloma Amorin and Thiago Silva partners at Vieira Rezende Advogados (epbr) The development of the offshore wind sector in Brazil requires the consolidation of a robust legal and regulatory framework. Although there has been a framework approved since 2022 (Decree 10,946/2022), several pending regulatory actions remain... Continue Reading →
(Offshore-energy.biz)Brazilian oil and gas player Enauta is making progress in putting all the puzzle pieces together to bring a floating production, storage, and offloading (FPSO) vessel, destined to work at its field off the coast of Brazil, online later this year. After the first multiphase pumping subsea system (MPP), manufactured by OneSubsea, was loaded in Norway on January... Continue Reading →
(PN) Subsea 7 is taking new steps in the execution of some of its main contracts in the Brazilian market. The company recently announced an update on its operations in the country and revealed that it has made progress in the Bacalhau and Mero projects, both in the Campos Basin. In Bacalhau, the company installed... Continue Reading →
(OE) Mitsui O.S.K. Lines (MOL) and Brazil’s state-owned energy giant Petrobras have signed a charter contract for cargo transfer vessel (CTV) SeaLoader 2, and agreed to start negotiations for a new CTV shipbuilding contract by the end of 2024. MOL signed the deal through its wholly owned subsidiary, SeaLoading Holding, which owns and operates CTVs.... Continue Reading →
(PN) Omni Taxi Aereo, part of the Omni Helicopters International (OHI) Group, the main provider of air mobility solutions in Latin America, announces that it has won two contracts from Petrobras to operate unmanned aerial vehicles (UAVs) in offshore missions. The missions will perform beyond-line-of-sight (BVLOS) flights, transporting 50kg payloads to offshore installations and conducting... Continue Reading →
Brazil Energy Insight 