Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - The new Chief Executive of Brazil's Petrobras, Jean Paul Prates, has picked geologist Mario Carminatti to head the oil company's exploration and production division, people with knowledge of the information said on Friday. As the company's chief geologist, Carminatti is highly respected at Petrobras for having led the discovery in 2006 of one... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it received today, up front, the amount of R$ 1.3 billion, regarding the complement of the firm compensation (earnout) for fiscal year 2022, related to the Sépia block. The amount already includes the amount of the gross-up of taxes related to TotalEnergies' 28 %, Petronas’21 % and QP... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, informs that its Board of Directors, in a meeting held today, in line with the continuous improvement of its governance, approved a Tax Policy (Policy) applicable to the company and its equity holdings. "The Policy reiterates Petrobras' commitment to ensure that tax management, which covers taxes and governmental holdings, is... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras discloses its proved reserves of oil, condensate and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 10.5 billion barrels of oil equivalent (boe), as of December 31, 2022. Oil and condensate, and natural gas correspond to 85% and 15% of this total, respectively. In 2022,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 01/26/2023 and 04/27/2022, informs that it has finalized today, after the fulfillment of all the preceding conditions, the sale of its total interest in the Albacora Leste production field, located in the Campos Basin, to the company Petro Rio Jaguar Petróleo LTDA. (PetroRio),... Continue Reading →
(Reuters) - The board of directors of Petrobras (PETR4.SA) on Thursday approved former Senator Jean Paul Prates as the firm's chief executive, marking a strategic shift for the state-run Brazilian oil company. A longtime energy consultant-turned-politician, Prates was tapped for the top Petrobras job by President Luiz Inacio Lula da Silva and is expected to oversee a strategic shift... Continue Reading →
(TN) Oil States Brasil signed a contract with Petrobras for maintenance services with the supply of parts and pieces, storage and preservation of equipment and tools for lifting, drilling and well safety, including BOPS, catarina, hook, swivel, mud, valves, etc. With a duration of 3 years, this new contract emphasizes the expertise in equipment maintenance,... Continue Reading →
(PN) Ocyan signed an operating contract with PRIO (formerly PetroRio) for the use of the West Capricorn rig for 730 days. Activities are expected to start in August 2023. For the execution of this contract, 160 jobs are planned for Ocyan members, all in offshore positions. At the moment, the rig is in Trinidad &... Continue Reading →
(OET) As rig activity stood out in multiple regions during 2022, Westwood Global Energy, an energy market research and consultancy firm, believes that there is no reason to expect anything different in 2023 while forecasting global marketed offshore rig utilisation to average 95 per cent this year with day rates getting a further increase. Westwood outlined... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that its Board of Directors, in a meeting held today, unanimously, appointed Mr. Jean Paul Terra Prates as Petrobras' Director, until the next General Shareholders' Meeting and elected him as the company's CEO, the latter with a mandate until 04/13/2023, the same term of office of the other members... Continue Reading →
Brazil Energy Insight 