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(TN) Petrobrás published the tender for the sale of the platform ship (FPSO) P-33, which is currently located in the Campos Basin, in the Marlim field. The bidding will follow the same model as the decommissioning of P-32, within the company's new guidelines for recycling and sustainable disposal of vessels. The sale notice maintains the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact of 05/11/2023, informs that it will pay today the second installment of the remuneration to shareholders for the first quarter of 2023. The gross amount to be distributed today is R$ 0.946789 per common and preferred share in the form of dividends. CREDIT INSTRUCTIONS... Continue Reading →
Norwegian oil and gas company Equinor has submitted declarations of commerciality and plans of development for two fields in the BM-C-33 concession in the Campos Basin, offshore Brazil Equinor is the operator of the BM-C-33 offshore concession with a 35% stake, with its partners being Repsol Sinopec Brasil (35%) and Petrobras (30%). The concession is... Continue Reading →
Offshore installation and construction services company McDermott has been awarded a transportation and installation contract by PRIO (former PetroRio) for the Wahoo field, offshore Brazil. Under the scope of the contract, of an undisclosed value, McDermott will transport and install about 19 miles (30 kilometers) of coated 10-inch rigid pipelines and associated subsea structures. Once... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, as a partner in the BM-C-33 consortium, informs that the operator Equinor Energy do Brasil Ltda submitted to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), on September 20, 2023, the declarations of commerciality of the oil accumulations located in the BM-C-33 Concession area. Petrobras acquired a 30%... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media, reaffirms that it is carrying out due diligence on Braskem, for the possible exercise of tag along or preemptive rights, in the event of the sale of the shares held by Novonor S.A. (Novonor) in the company, in accordance with the... Continue Reading →
Brazilian oil and gas player Enauta has concluded the drilling and completion of the last well in the first phase of its drilling programme at a field offshore Brazil. Enauta kicked off the drilling of its first well, 7-ATL-5H-RJS, in this drilling campaign at the Atlanta field in November 2022. The estimated investment for the well was $75 million – including the... Continue Reading →
Brazil will likely end up exploring the Equatorial Margin for oil but state-run Petrobras should adopt a "cautious" approach given the need for precautions to protect the environment, Finance Minister Fernando Haddad said on Sunday. The Equatorial Margin is some 2,200 kilometers (1,370 miles) of deepwater and ultra-deepwater assets along Brazil's northern and northeastern coast. "We may need oil from the Equatorial Margin on... Continue Reading →
Norway’s DOF Group has won three new service contracts with Brazilian state-owned oil and gas giant Petrobras that are worth more than $260 million. The contracts include survey and inspection work and will see at least three vessels used to perform flexible pipeline, risers and subsea equipment inspection in Campos Basin, Santos Basin, and Espírito Santos... Continue Reading →
ANP published today (15/9) the English version of the tables and graphs of the Statistical Yearbook, with a summary of the main information on the evolution of the oil, natural gas and biofuels sector in Brazil in 2022. The data in Portuguese had already been released by the Agency in June. Total oil reserves increased... Continue Reading →
Brazil Energy Insight 