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(OET) Brazilian state-owned oil and gas giant Petrobras has awarded compatriot offshore oil and gas services provider Ocyan with a contract to carry out the revitalization of a network of gas pipelines in the Campos Basin. The contract, valued at approximately $317.49 million, is expected to last four and a half years and will revamp the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it broke its quarterly record for operated oil and gas production in the third quarter of this year, with 3.98 MMboed (million barrels of oil equivalent per day), 7.8% above the second quarter. It also achieved a monthly record for operated production in September, with a volume of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it broke its quarterly record for operated oil and gas production in the third quarter of this year, with 3.98 million barrels of oil equivalent (boe), 7.8% above the second quarter. It also achieved a monthly record for operated production in September, with a volume of 4.1 million... Continue Reading →
(TN) The National Petroleum Agency (ANP) released the list of 33 sectors with exploratory blocks and an area with marginal accumulation that will be in the auction of the 4th Cycle of the Permanent Concession Offer, which is scheduled for December 13th. The auction will have blocks offered in the following basins: Amazonas, Espírito Santo,... Continue Reading →
(Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) expects to do exploratory drilling next year near the mouth of the Amazon River, along the coast of the state of Amapa, Chief Executive Jean Paul Prates said. The region is part of Brazil's Equatorial Margin, an area that Petrobras considers its most promising new frontier for oil and... Continue Reading →
(YP) Petrobras is looking to strengthen its partnership with Norwegian companies on energy transition. The move comes as Brazil seeks to reduce its greenhouse gas emissions and achieve net-zero emissions by 2050. In a recent announcement during the event "The Role of Norway and Brazil in the Energy Transition" organized by the Brazil-Norway Chamber of... Continue Reading →
(OET) Brazilian oil and gas player Enauta has changed the timeline for the restart of production from a floating, production, storage, and offloading (FPSO) vessel, which is working on a field off Brazil. This FPSO is now anticipated to come back online by November 2023. Originally, the production was expected to resume by early September... Continue Reading →
(Reuters) - Brazil generated nearly 93% of its electricity from clean sources during the first nine months of 2023, up more than 2 percentage points from the same period in 2022 and the largest clean-power share among major economies. France has historically boasted the cleanest power sector among top economies, but has lost ground to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that in September its refining units reached 97% utilization for the second consecutive month. As a result, the Total Utilization Factor (FUT) of the refineries in 3Q23 reached 95.8%, the best result since 2014. The largest refinery in the country, the Paulínia Refinery (Replan), broke its utilization record, processing... Continue Reading →
(OM) Oceaneering's wholly owned subsidiary Marine Production Systems do Brasil Ltda. has secured a five-year contract from Petrobras for the operation of three existing drillpipe riser systems to support intervention and completion operations in Brazil. Petrobras also has the option to add a fourth drillpipe riser system by notifying Oceaneering prior to mid-December 2023. The contract... Continue Reading →
