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Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors has considered, on today's date, the content of Official Letter 166/2023/GM-MME, of 02/28/2023, and of Official Letter 257/2023/GM-MME, of 03/29/2023, and considering its attributions, concluded that the review of the investment and divestment processes must be carried out based on the Company's "Strategic Plan",... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed to the market on 03/17/2023, informs that it received Official Letter 257/2023/GM-MME from the Ministry of Mines and Energy (MME), on today's date, in the following terms: 1. Petrobras disclosed a material fact on March 17, 2023, informing that its Executive Board forwarded, for... Continue Reading →
(OM) Petrobras has been a key driver of a tightening ultra-deepwater rig market, accounting for more than a quarter of all term floater contracts over the past two years, according to Evercore ISI’s latest Offshore Oracle report. From a rig count of 19 currently (up from 17 a year ago), Petrobras’ rig count is expected... Continue Reading →
(PN) A new and important step by Enauta in its drilling program in the Atlanta field, in the Santos Basin. The operator announced today that well 7-ATL-5H-RJS (also called 5H) was connected to FPSO Petrojarl I and entered into operation. The new well is in the ramp-up phase, which should be completed by next weekend.... Continue Reading →
(PN) Petrobras advances in its exploratory program in the Santos Basin. The state-owned company recently started drilling a well (3-BRSA-1387D-SPS) in the Aram block, in the pre-salt layer. The well is being drilled in a water depth of 1,977 meters, according to data released by the National Petroleum Agency (ANP). The Aram block is operated... Continue Reading →
Brazilian Ministry of Mines and Energy (MME) is setting the wheels into motion to launch a program, which would step up investments in oil and natural gas exploration to promote regional development and foster national production while making Brazil the fourth largest oil producer in the world. To this end, Brazil’s Minister of Mines and... Continue Reading →
(Bloomberg) -- Jean Paul Prates, the head of Brazil’s state-controlled oil company, isn’t deterred by the world’s energy transition. He says Latin America’s largest producer should keep increasing fossil fuel output for decades to come. “We will get market share,” Prates, chief executive officer of Petrobras, said in an interview in Rio de Janeiro. “We... Continue Reading →
New awards in the floating production storage and offloading vessel market could reach up to 50 by the end of this decade, according to a new report by Rystad Energy. From 2023 to 2030, the Oslo-based market intelligence firm forecasted 48 FPSO deals for new greenfield developments, 19 of which are earmarked for Brazil and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/23/22, informs that it has signed a contract with the company Toyo Setal Empreendimentos Ltda. to conclude the works on the Natural Gas Processing Unit (UPGN) of the Itaboraí Gaslub Cluster, which had been halted since June 2022. With the resumption of the... Continue Reading →
(OE) Brazilian authorities have reportedly launched a preliminary investigation into the Brazilian subsidiary of the Singapore-based marine and offshore engineering group Sembcorp Marine. "Sembcorp Marine Ltd wishes to inform that it has come to its knowledge that the Office of the Comptroller General of Brazil (“CGU”) has published a notice in the Official Gazette (the... Continue Reading →
Brazil Energy Insight 