Petróleo Brasileiro S.A. – Petrobras informs that it has approved new natural gas sales products and is participating in the competitive public call processes for state distributors with the new commercial portfolio. With the opening of the natural gas market, which already has contracts with more than 14 suppliers, the company has developed a new... Continue Reading →
3R Petroleum on the resumption of production at the Papa Terra Cluster
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, and following the material fact disclosed on May 16, 2023, informs its investors and the market in general that repairs of the offloading system on platform 3R-3 (FPSO) were concluded on May 24 and on... Continue Reading →
TotalEnergies signs memorandum for offshore wind projects with the Government of Rio de Janeiro
TotalEnergies and the Government of Rio de Janeiro announced the signing of the Memorandum of Understanding (MoU) to collaborate with the development of offshore wind generation in the State. The agreement, which lasts for 2 years, includes the company's collaboration in studies related to fiscal and tax incentives and the expansion of the GRID system... Continue Reading →
Brazil’s Petrobras renews bid to win oil well license at the Foz do Amazonas Basin
Brazilian state-run oil firm Petrobras (PETR4.SA) has asked to resume a process for a license to drill a controversial well at the Foz do Amazonas Basin, the company's chief executive said late on Thursday. CEO Jean Paul Prates' statement regarding the well known as Morpho 1-APS-57 comes after the company said it would appeal environmental agency Ibama's... Continue Reading →
BW Energy provides offshore Namibia, Brazil development updates
(OM) BW Energy says a 3D seismic survey has finished over its license offshore Namibia, with gravity and magnetic datasets also acquired. It plans to use the results to refine its depositional model, de-risk additional upside targets, and provide improved data to support FEED programs for the Kudu gas field development 130 km offshore southwest... Continue Reading →
The New Exploratory Frontiers and the Brazilian Impasse, by Rodolfo Henrique de Saboia – Director General of ANP
Exclusive article from TN Magazine The oil industry's activity resembles a moving bicycle. Without new impulses, the activity remains for a while, but tends to gradually decline and eventually cease. In the oil sector, these impulses can be given in two ways: with the exploration of new areas; or with investments in existing fields to... Continue Reading →
Petrobras launches notice to contract nine PSVs
Petrobrás launched a public notice for contracting up to nine offshore supply vessels (PSV – Platform Supply Vessel). The opening date of the envelopes with the proposals of the competitors must happen on the 15th of June. The complete documentation relating to the bidding is available on the Petronect Portal, under number 7004071393. According to... Continue Reading →
Brazil’s Raizen mulls asset sales and partnerships to boost growth
(Reuters) - Brazilian energy company Raizen Energia SA (RAIZ4.SA) is mulling divestment opportunities and strategic partnerships to drive growth across its business units, company executives said on Wednesday. Raizen, a joint-venture between Shell PLC (SHEL.L) and Cosan (CSAN3.SA), has many assets that could be monetized through sales or partnerships, its CEO Ricardo Mussa said during a meeting with investors and... Continue Reading →
Enauta finds more oil in new reservoir section off Brazil
Brazilian oil and gas player Enauta has found oil in a new reservoir section at a well located on a field development offshore Brazil. Enauta disclosed on Tuesday, 23 May 2023, that it had confirmed oil in a new reservoir section, named Atlanta NE accumulation, located within the Atlanta field area, which is currently under development. The... Continue Reading →
Petrobras on licensing in Amapá
Petróleo Brasileiro S.A. – Petrobras announces that later this week it will file a request with Ibama to reconsider the decision to deny the environmental license to drill an exploratory well in block FZA-M-059, located in deep waters in Amapá, in accordance with the procedure provided for in the regulations. The company argues that it... Continue Reading →