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Offshore drilling contractor Valaris said Monday it had secured contracts for two drillships and one jack-up rig. One of the drillships in question is the Valaris DS-8, which secured a three-year, $500 million contract with Petrobras in Brazil, including a $30 million mobilization fee. The rig has been preservation stacked in Las Palmas, Spain, and... Continue Reading →
(Reuters) - Strength in Brazil's real currency will soon be challenged by rising worries about an ongoing downturn in Latin America's No.1 economy and disagreements among policymakers, a Reuters poll of foreign exchange specialists showed. The currency has been relatively stable close to 5.20 per U.S. dollar for months after a weak spell in the... Continue Reading →
(Reuters) -Petrobras could face lawsuits for breach of contract after the company halted planned asset sales at the request of Brazilian leftist President Luiz Inacio Lula da Silva's government, specialist lawyers said on Friday. Petroleo Brasileiro SA, as the state-controlled company is formally known, was asked this week to halt for 90 days divestitures worth... Continue Reading →
Total production in January was 4.175 million barrels of oil equivalent per day (boe/d), of which 3.274 million barrels of oil per day (bbl/d) and 143.215 million cubic meters of natural gas per day (m³/d ). In oil, there was an increase of 6.5% compared to the previous month and 8% compared to January 2022.... Continue Reading →
Brazilian oil company Enauta said Friday it had temporarily halted the production from the 7-ATL-2HP-RJS well in the Atlanta offshore oil field, in Brazil's Santos Basin. Enauta's preliminary assessments indicate failure in the surface equipment (topside). In case of the need to replace the pump in this well, the company said it had spare equipment... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), in compliance with Official Letter No. 336/2023-SLS, issued by B3 S.A. – Brasil. Bolsa. Balcão (“B3”), on March 01st, 2023 (“Official Letter”), hereby informs that it was asked about the fluctuations recorded in the price of its common shares, the number of trades and the amount... Continue Reading →
DOF Subsea has secured a contract extension with Brazilian oil and gas giant Petrobras for its 106-meter-long diving support vessel (DSV) Skandi Achiever. The new commitment has commenced in direct continuation with the current one and will run until February 2024. It will include remotely operated vehicle (ROV) and diving services. In addition to the newly announced contract on the... Continue Reading →
(Reuters) - The chief executive of Petrobras (PETR4.SA) said on Thursday the Brazilian state-run oil company will keep paying "robust" dividends in 2023 as it plans to continue reporting high profits. Jean Paul Prates, who has previously criticized the current dividend policy of the company, said in a video conference with analysts that a balanced formula for... Continue Reading →
Oslo-listed oil and gas company BW Energy said its planned acquisitions of Petrobras' working interest in Golfinho and Camarupim deepwater oil fields, and the related FPSO from Saipem, were facing delays as a Brazilian ministry has ordered a review of Petrobras divestment program. "BW Energy has been informed by Petrobras of a review of the... Continue Reading →
(Reuters) The chief executive of Brazilian state-run oil company Petrobras said on Thursday the company must prepare for an "unavoidable" energy transition and wants to play a leading role in it. Jean Paul Prates highlighted in a conference call with analysts that Petroleo Brasileiro SA's deepwater operations put the company in a good position for wind... Continue Reading →
Brazil Energy Insight 