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Italian offshore engineering and construction company Saipem announced two offshore contracts worth $900 million in total. First, together with Aker Solutions, Saipem won a contract with the French oil major TotalEnergies in Brazil for the recently sanctioned Lapa Southwest (LAPA SW) Development project. Lapa Southwest is a deepwater oil field in the Santos Basin in the... Continue Reading →
Tenaris and Petrobras signed a three-year supply contract for corrosion-resistant alloy (CRA) pipes for offshore operations in Brazilian pre salt. The contract provides for the supply of pipes produced with CRA materials and finished with premium connections. The products will be manufactured in Sweden in partnership with Alleima and threaded at the Tenaris facility in... Continue Reading →
Petróleo Brasileiro S.A. – Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact disclosed on 11/03/2022 and Notice to the Market of 11/18/2022 and 01/13/2023, informs that today it will pay the 2nd installment of the remuneration to shareholders approved by its Board of Directors in a meeting held on 11/03/2022. The gross... Continue Reading →
(epbr) Galp buys a cargo of 500,000 barrels of Union oil, originating from the production sharing contract for the Atapu field, in the pre-salt layer. Pre-Sal Petróleo S.A. (PPSA) reported that the sale should generate revenues of BRL 210 million for the National Treasury when the shipment is available in two months. The Portuguese oil... Continue Reading →
(epbr) Perenco announced this Wednesday the departure of the FSO Pargo platform from a shipyard in Dubai, in the United Arab Emirates, heading to the Pargo field, in shallow waters in the Campos Basin. The unit is part of the concession's production recovery project, which foresees investments of US$ 400 million and promises to increase... Continue Reading →
Oil and gas company Ocyan announces the arrival in Brazil of the Solstad vessel, the "Normand Cutter", which under its management will carry out the decommissioning activities of Petrobras' underwater structures in the Campos Basin (Rio de Janeiro) and Sergipe- Alagoas, in a contract won last year. “This is the first decommissioning contract for offshore... Continue Reading →
(Reuters) - Brazilian chemical maker Unigel said on Wednesday it will invest up to $1.5 billion in its complex in the state of Bahia to produce so-called green hydrogen, the first in the country to do so on an industrial scale. The plant, located in the city of Camaçari, should have the first of three... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that, in 2022, it exceeded the oil and natural gas production target, disclosed to the market in a material fact on November 24, 2021 and revised on January 14, 2022, within the considered margin of 4% for more or for less. Total oil and gas production was 2.684 million... Continue Reading →
Shell gave up selling the Parque das Conchas Cluster, in the Espírito Santo part of the Campos Basin. After receiving proposals, it opted to keep the asset in its portfolio. Shell received proposals from Enauta, PRIO and Karoon. The decommissioning of Parque das Conchas is scheduled for the end of the decade. Shell continues with... Continue Reading →
Japanese FPSO operator MODEC has confirmed that a new floating production storage and offloading (FPSO) vessel arrived in Brazil to get ready for work in the pre-salt Santos Basin for the country’s state-owned energy giant, Petrobras. In a recent social media post, MODEC reported that the FPSO Anita Garibaldi MV33, its newest production vessel, arrived in Brazil, where its... Continue Reading →
Brazil Energy Insight 