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(Reuters) - Brazilian state-run firm Petrobras (PETR4.SA) has filed requests to Brazil's competition regulator Cade to renegotiate terms that stipulated the company must sell some of its oil refining and natural gas assets, the company said on Tuesday. The terms, signed by the company in mid-2019, were part of a broad initiative by the government of then-president... Continue Reading →
(OET) U.S. offshore engineering and construction player McDermott has been awarded a limited notice to proceed in regards to an engineering, procurement, construction, and installation (EPCI) contract from Shell Trinidad and Tobago Limited, a subsidiary of the UK-headquartered energy giant Shell, for a gas development project offshore Trinidad and Tobago. According to McDermott, this limited notice to... Continue Reading →
Strohm, the world’s first and leading thermoplastic composite pipe (TCP) technology company, has taken a big step towards expanding its TCP operating envelope. DNV has issued a Statement of Qualified Technology for Strohm’s 6-inch EGF-PE pipe, as per the DNV-ST-F119 standard, for its use as a flowline or jumper in deep waters. It is the... Continue Reading →
(Reuters) - Brazilian energy company Eneva (ENEV3.SA) has submitted a non-binding proposal to merge with local fuel distributor Vibra Energia (VBBR3.SA), the company said in a securities filing on Sunday. Eneva said it had sent a letter to Vibra's board of directors proposing the stock-for-stock merger of equals, which it dubbed a "unique opportunity for both companies and... Continue Reading →
(Reuters) - Brazil has signed onto an agreement to triple renewable energy globally by 2030 and shift away from using coal, the country's Foreign Ministry said on Friday, joining a prospective deal backed by the European Union, U.S. and United Arab Emirates. South America's largest country is now one of roughly 100 countries that have signed onto... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in continuation of the announcements made on 06/22/2023 and 02/08/2023, informs that the contract for the sale of the Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR) refinery, and its associated logistics assets, was terminated due to the lack of compliance with Conditions Precedent established therein until the Final Deadline... Continue Reading →
(epbr) Vale's president, Eduardo Bartolomeo, highlighted that the company, the largest individual consumer of energy in Brazil, could guarantee the demand for national green hydrogen with the production of green steel and consumption of biofuels in its fleet. Jean Paul Prates, president of Petrobras, reiterated the possibility of the company using green hydrogen, produced by... Continue Reading →
By Gavin Kerr, Mammoet (OM) The drive to construct bigger FPSO and FLNG facilities is essential to improve productivity, with superior efficiency benefits to be gained compared to smaller assets. But this trend is not without challenges, including whether there is the correct construction equipment and methodologies to achieve what has been designed. Modularized construction... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved, at a meeting held today, the Strategic Plan for the five-year period 2024-2028 (SP 2024-28+), planning to invest US$ 102 billion over the next five years. The first plan of this administration, the SP 2024-28+ aims to prepare Petrobras for the future and... Continue Reading →
Petrobras will invest US$4 million in the acquisition of ANYbotics robots, capable of autonomous visual inspections. The data obtained from ANYmal X inspection missions will allow greater efficiency and safety in maintenance routines. Petrobras will receive six ANYmal X units in 2024 for testing and development at its facilities. “Petrobras hopes to qualify ANYmal X... Continue Reading →
Brazil Energy Insight 