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Dutch thermoplastic composite pipe (TCP) producer Strohm has secured a contract with Brazilian oil and gas company PRIO, formerly PetroRio, to provide its composite pipe solutions for a field offshore Brazil. Under the award, Strohm has already delivered two sets of TCP Jumpers for gas lift service, one 1,300 meters long and one 900 meters long, for... Continue Reading →
Japan’s MODEC has confirmed the start of production from a new floating production storage and offloading (FPSO) vessel, which is deployed at Petrobras’ giant deepwater oil field in the pre-salt Santos Basin off the coast of Brazil. MODEC announced on Monday, 5 June 2023, that the FPSO Almirante Barroso MV32, deployed for production operations at the Búzios... Continue Reading →
(OE) Skandi Buzios, a pipelay support vessel owned by TechnipFMC and DOF, reportedly caught fire Friday morning in a Brazilian port. The Brazilian media and some social media accounts on Friday showed images and videos of the burning vessel with thick smoke billowing above it and firefighters trying to quell the fire. The incident reportedly happened at... Continue Reading →
(Reuters) - A group of U.S. congressmen have formally complained about what they call unfair ethanol trade practices by Brazil that includes a blockade of U.S. companies seeking to take part in the Brazilian low-carbon biofuel program RenovaBio. The bipartisan group of 21 members of the U.S. Congress are asking Trade Representative (USTR) Katherine Tai... Continue Reading →
(PN) The Peregrino field, in the Campos Basin, reached a production of 110,000 barrels of oil per day (bpd) this year, the limit of the FPSO which operates in this field. Peregrino is operated by Equinor (60%), which has Sinochem (40%) as a partner in the field. It is Equinor's first asset in Brazil and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news released in the media, confirms that it met with executives from the Apollo fund and Adnoc, in which occasion it discussed Petrobras' position in the Brazilian petrochemical sector, which is currently under analysis as part of the preparation of its Strategic Plan 2024-28. The company... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved yesterday the revision of the strategic elements for the 2024-2028 Strategic Plan (2024-28 SP), as well as the low carbon CAPEX driver for the range between 6% and 15% of total CAPEX for the first five years of the new Plan, in compliance... Continue Reading →
(REuters) Brazil's Petrobras may look abroad for future growth, two sources with knowledge of the state-run firm's plans told Reuters, after environmental regulators dashed its hopes of exploring near the Amazon River where it had aimed to make its first major domestic oil discovery in over a decade. Petroleo Brasileiro, as the company is formally known,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it started today the production of the FPSO Almirante Barroso platform, in the Búzios field, with capacity to produce daily up to 150 thousand barrels of oil and 6 million m³ of gas. FPSO Almirante Barroso will contribute to the oil production of the Búzios field, which currently... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed today the Production Sharing Contracts (PSC) of the 1st Cycle of the Permanent Offer Bidding Round, held through a public session on 12/16/2022, for the blocks of (i) Água Marinha, in partnership with TotalEnergies (30%), QatarEnergy (20%) and Petronas (20%), (ii) Norte de Brava, where Petrobras... Continue Reading →
Brazil Energy Insight 