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Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 09/08/2021, 10/27/2021 and 03/29/2023, informs that it has signed today, with Enauta Energia S.A. ("Enauta"), contracts for the assignment of its entire stake in the Uruguá and Tambaú fields, in deep waters in the post-salt, located in the Santos Basin. The amount to... Continue Reading →
(PN) The Norwegian oil company Equinor signed a letter of intent with the Brazilian construction company Azevedo & Travassos (A&T) for the works on the 4.5 km onshore section of the gas pipeline that will transport production from the Raia Project, in the Campos Basin. Construction will be carried out in Macaé (RJ), under the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the rating agency S&P has raised its credit rating from BB- to BB, with a stable outlook, as a reflection of the improvement in the rating of the Federative Republic of Brazil.
(OET) U.S. energy major New Fortress Energy (NFE) has revealed that the construction of its Santa Catarina (TGS) terminal in Brazil is complete, and the company is looking forward to the arrival of the floating storage and regasification unit (FSRU) Energos Winter in January 2024. The first LNG terminal in the south of the country,... Continue Reading →
Jesper Skjong, Contributor (OE) As 2023 is drawing to a close we would once again invite the readers of Offshore Engineer Magazine to gaze into our crystal ball to see what 2024 might have in store for the offshore support vessel industry. Before diving straight into our forward-looking sentiments however, it is important to address some... Continue Reading →
(OE) Despite short-term obstacles driven by high inflation and interest rates coupled with supply chain issues, we maintain that the foundations supporting long-term offshore wind activity remain solid. As we prepare for the new year, let us look at 10 factors that will shape the offshore wind sector in 2024. 1. A Continuously Dynamic Energy... Continue Reading →
(OM) Perenco Brazil’s double-hulled FSO Pargo has received first oil from the Pargo Cluster in the Campos Basin offshore Brazil. This follows recent clearance from the Brazilian regulatory authorities earlier. The vessel, converted in Dubai, has a crude storage capacity of 740,000 bbl. It is anchored by nine moorings connected to a new integrated turret system, and it... Continue Reading →
(Reuters) - Brazil's government believes state-run oil firm Petrobras (PETR4.SA) could increase its stake in petrochemical producer Braskem (BRKM5.SA) to facilitate an eventual sale to foreign buyers, a person familiar with the discussions said on Tuesday. Probes of Braskem have mounted as the ground has been sinking in the city of Maceio, in Alagoas state, where the company operates... Continue Reading →
(Reuters) - Brazil will increase the country's mandatory biodiesel mix into diesel from early next year, bringing forward previously set blending targets, the country's energy policy council CNPE decided on Tuesday, also halting biofuel imports until further notice. The measures bolster the prospects of the Brazilian oilseed crushing industry, which has grappled with idle capacity... Continue Reading →
(TN) The Petrobras drill ship that will be responsible for drilling the Pitu Oeste well, on the Equatorial Margin, arrived in the state of Rio Grande do Norte. The vessel left Rio de Janeiro on December 6th and will begin operating later this month in the BM-POT-17 concession. The license to drill exploratory wells, in... Continue Reading →
Brazil Energy Insight 