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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 →
Petróleo Brasileiro S.A. - Petrobras informs that it received the devolution of about R$ 456 million, recovered through a leniency agreement with UOP LLC - a subsidiary of Honeywell International Inc. - signed with the Office of the Comptroller General (CGU) and the Federal Attorney General's Office (AGU), an instrument that is part of a... Continue Reading →
Australian operator Karoon Energy has advanced in preparations for the start of production in the Patola field, in the Santos Basin. The company expects to start production in the area at the end of the first quarter of this year. The drilling rig Noble Developer completed drilling and completion activities in the field. Installation of... Continue Reading →
Aker Solutions has secured a contract with French energy giant TotalEnergies for the delivery of the subsea production system, tools and related EPCI interfaces for the Lapa South West field construction offshore Brazil. The development concept located in the pre-salt Santos Basin is a subsea tie-back to the Cidade de Caraguatatuba FPSO, using existing facilities... Continue Reading →
French-headquartered energy giant TotalEnergies has approved a final investment decision (FID) for an oil development project located in the Santos Basin, 300 km off the coast of Brazil. TotalEnergies announced the FID for the Lapa South-West oil development project on Monday, 16 January 2023. The French player operates this project with a 45 per cent interest, in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Guanabara platform vessel, installed in the Mero field, in the Santos Basin pre-salt, reached its maximum production capacity, with the mark of 180 thousand barrels of oil per day (bpd), about eight months after the unit started operating. Of the FPSO (floating production, storage, and oil transfer... Continue Reading →
(Reuters) - Guyana's oil exports jumped 164% last year, boosted by growing output and demand for the newest Latin American oil producer's light sweet crudes, particularly in Europe, where thirsty refiners ramped up imports to replace Russian supplies. Since a consortium led by Exxon Mobil (XOM.N) began pumping in late 2019, Guyana's shipments have soared, bringing the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that will pay on Thursday, 01/19/2023, the second installment of the remuneration to shareholders, approved by the Board of Directors, in connection to the Material Fact released on 11/03/2022 and Notice to the Market of 11/18/2022, based on the shareholding position on 11/21/2022 for holders of Petrobras shares traded... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) said on Friday the government has officially nominated Jean Paul Prates to serve as its chief executive officer and board member. President Luiz Inacio Lula da Silva had already announced he would appoint Prates for the top job. Reuters reported earlier on Friday, citing sources, that the nomination had... Continue Reading →
Offshore drilling firm Valaris said Friday it had recently secured contracts and extensions for its offshore drilling rigs in Brazil, the U.S. Gulf of Mexico, and the UK North Sea. In Brazil, French oil company TotalEnergies exercised an extension option for the VALARIS DS-15 drillship. With this extension, the GustoMSC P10000-design drillship is expected to remain busy until December 2023.... Continue Reading →
Brazil Energy Insight 