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Petrobras announced that FPSO Almirante Barroso, installed in the Buzios field, reached its peak production of 150 thousand barrels of oil per day. The result represents another record for Petrobras' list, as the feat was achieved in 146 days (less than five months). The oil company's previous record had been set by FPSO P-76, which... Continue Reading →
(epbr) Petrobras considers that it will be important to adopt qualification criteria in the auctions of areas for the installation of offshore wind farms and thus prevent the entry of companies that do not intend to carry out the projects. “It is important to have objective criteria that separate adventurers from serious investors”, stated the... Continue Reading →
(Reuters) - A capital reserve set to be created by Brazilian state-run oil giant Petrobras (PETR4.SA) will be used solely to pay dividends, the firm's Chief Financial Officer Sergio Caetano told Reuters on Tuesday, easing some of the concerns raised by a planned revision of its internal bylaws. "This reserve is specific for paying dividends," Caetano said,... Continue Reading →
(Reuters) - Chinese national offshore oil and gas major CNOOC Ltd (0883.HK), on Tuesday revised up its 2023 capital spending to a record on building new production capacities, after reporting an 8.13% fall in third-quarter profit on lower realised oil prices. Despite higher oil and gas output, net profit during July-September period fell to 33.88 billion... Continue Reading →
Petrobras began a new sequence of wind energy measurements on the coast of Rio Grande do Norte (RN), with version 2.0 of the equipment called Bravo - Remote Offshore Wind Assessment Buoy , an improvement in technology that has never been seen in Brazil, developed by its Research and Development Center (Cenpes). The result of... Continue Reading →
Global oceans insights experts Miros, through local partner Belga Marine, has won a significant contract with Brazilian oil major Petrobras to update its existing oil spill detection efforts. As part of the development project, the Miros system will be matured and installed with a cloud-based add-on to the monitoring software currently in use offshore Brazil,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors has approved, by majority vote, the submission of a proposal to revise its Bylaws to the Extraordinary General Meeting (EGM), to be convened in due course. The objectives of the revision of Petrobras' Bylaws are to create a capital remuneration reserve; to make explicit... Continue Reading →
(Reuters) - Brazilian state-run oil firm Petrobras (PETR4.SA) said on Thursday it will cut the prices of gasoline sold to distributors and raise those for diesel starting on Oct. 21. Gasoline prices will be reduced by an average of 0.12 reais ($0.024) per liter, while diesel will see an increase of 0.25 reais per liter, Petrobras said... Continue Reading →
French company TotalEnergies made its second hydrocarbon discovery in block C-M-541, located in the pre-salt of the Santos Basin. The oil company informed the National Petroleum Agency (ANP) that it found signs of natural gas in well 1-TOT-3-RJS, in a water depth of 3,022 meters. To remember, TotalEnergies had already found oil and gas in... Continue Reading →
(OE) Deepwater drilling contractor Transocean shared Thursday its quarterly offshore rig fleet status report, in which it said it had secured $745 million worth of drilling contracts. During the period, the company secured contracts for three drillships: Dhirubhai Deepwater KG1, Deepwater Aquila, and Deepwater Invictus. First, the Dhirubhai Deepwater KG1 drillship was awarded a 60-day extension in... Continue Reading →
Brazil Energy Insight 