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(NA) Japanese chemicals company Kureha will partner with Brazilian state energy group Petrobras to develop a new way to capture carbon dioxide from offshore oil fields. Kureha will start developing a new catalyst to be used in a carbon capturing device this fiscal year at its research facility in northeastern Japan, in a joint effort... Continue Reading →
(Bloomberg) -- The new fuel policy implemented by state-run Petroleo Brasileiro SA is causing trouble for a Mubadala Capital-owned oil refinery, handing bondholders one of the worst returns in Latin America. Mubadala’s Acelen, which operates the refinery in northeast Brazil, saw its notes fall into distressed territory at around 63 cents on the dollar, down... 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 →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) expects to continue to produce oil for the next four decades, while also boosting investments in renewables as it seeks to drive an energy transition, an executive said on Tuesday. Joelson Mendes, the firm's Chief Exploration and Production Officer, said at an event hosted by Santander that Petrobras understands... Continue Reading →
Miros and Belga Marine sign partner agreements to strengthen their close long-term collaboration and extend their partnership for local service, sales and distribution of products and as-a-service solutions in Brazil. The agreements also extend the target markets to the whole region of South America. “For more than eight years, Miros and Belga Marine have successfully... Continue Reading →
(OE) Japan's MODEC said its FPSO Anita Garibaldi MV33 has achieved first oil production for Petrobras at the Marlim field in the Campos Basin off the coast of Brazil. The FPSO is leased on a 25-year time charter contract to the state-owned Brazilian energy company—one of MODEC's longest charters to date. The FPSO is the 16th FPSO/FSO vessel that MODEC has... Continue Reading →
(OE) Subsea7 reports a major advance in its remote piloting technology by fully operating a workclass ROV from Scotland to carry out operations 9,400km away off the coast of Brazil. Developed by Subsea7, it can perform key inspection repair and maintenance (IRM) tasks "precisely and safely" under remote control with the potential to increase operational flexibility.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact of 05/11/2023, informs that it will pay today the first installment of the remuneration to shareholders for the first quarter of 2023. The gross amount to be distributed today is R$ 0.946788 per common and preferred share, of which R$ 0.278179 per share in... Continue Reading →
(OET) Offshore accommodation provider Prosafe is optimistic about the demand outlook for 2024 and beyond, thanks to a substantial boost in tendering activity for this period. As a result, the vessel owner is anticipating higher day rates and fleet utilisation in the future. Prosafe recorded revenues of $21 million in 2Q 2023, compared to $60.9... Continue Reading →
(PN) PPSA carried out, this week, the direct sale to Equinor of the Union's second oil load from the Atapu field, in the Santos Basin pre-salt. The Norwegian oil company purchased 500,000 barrels of oil, with a price offer based on the reference value established for Atapu oil by the National Petroleum Agency (ANP). In... Continue Reading →
Brazil Energy Insight 