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(PN) Independent operator PRIO ended the second quarter of the year with a record average production of 91,000 barrels of oil per day. One of the highlights in the period was the Frade Revitalization Plan, which consolidated the field's daily production at almost 60,000 barrels per day with the completion of another producing well, ODP5... Continue Reading →
(Reuters) - Brazil's central bank kicked off its rate-cutting cycle more aggressively than expected on Wednesday, reducing its benchmark interest rate by 50 basis points and signaling more of the same in the months ahead due to an improving inflation outlook. The bank's rate-setting committee Copom cut its Selic policy rate to 13.25%, as just... Continue Reading →
Forum Energy Technologies (FET) has appointed UnderOcean Servicos Maritimos (UnderOcean) to represent its Subsea operations in Brazil. The partnership will see UnderOcean provide business development and engineering support on behalf of FET’s Subsea Technologies product line in Brazil. Headquartered in Macaé, Rio de Janeiro, UnderOcean will deliver service, repair, calibration, upgrades, and modifications for FET’s... Continue Reading →
With the mission of providing Subsea, technological and innovative solutions for the oil and gas sector, RRC Tecnologia e Inovação has just closed a 12-month consultancy contract with Trident Energy do Brasil for the decommissioning of flexible pipelines and subsea equipment that were connected to platforms P-07, P-12 and P-15, at the Pampo and Enchova... Continue Reading →
(PN) Petrobras announced this week that it will start a 4D Nodes seismic survey in the Sapinhoá field, about 266 km from the municipality of Ilhabela (SP) and at a minimum depth of 2,000 meters. The monitoring phase of data acquisition in the field will be carried out by the company PXGEO. The seismic survey... Continue Reading →
(OE) Malaysian FPSO leasing firm Yinson Production has acquired the Atlanta FPSO, a floating, production, storage, and offloading vessel that will serve as a production unit at Enauta's Atlanta field in Brazil. Yinson acquired the FPSO through the acquisition of AFPS B.V., the platform owner company. Back in February 2022, Brazilian oil firm Enauta bought... Continue Reading →
ANP announced that oil production hit a new record in June. The agency released today the Monthly Oil and Gas Production Bulletin for the month of June, bringing consolidated data on national production. During the period, a total of 4.324 million barrels of oil equivalent per day were produced, of which 3.367 million barrels per... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media, informs that it has carefully observed the developments of the international oil market and its impact on the Brazilian market. The company reiterates that product price adjustments are made in the normal course of its business, due to the continuous monitoring... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, in a meeting held today, approved the revision of the Policy for Disclosure of Material Act or Fact and Securities Trading ("Disclosure and Trading Policy"). The revision of the Disclosure and Trading Policy results from the amendment of the Company's Shareholder Remuneration Policy, which... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors (BoD), in a meeting held today, approved the improvement of its Shareholder Remuneration Policy (Policy). On 05/11/2023, the BoD determined that the Executive Board should prepare a proposal to improve the Policy, including the possibility of repurchasing shares. The improvement of the Policy became... Continue Reading →
Brazil Energy Insight 