The National Petroleum Agency (ANP) released preliminary production data for the month of August. Brazil hit the mark of oil production of 3.967 million barrels of oil equivalent per day (MMboe/d), with 3.087 million barrels per day (MMbbl/d) of oil and 139.96 million cubic meters per day ( MMm3/d) of natural gas. In the pre-salt,... Continue Reading →
Equinor produces first oil from new Peregrino C platform in Brazil
Equinor’s new platform in Brazil, Peregrino C, produced its very first oil on 10 October at 20:00 local time. Peregrino is Equinor’s largest operated field outside Norway. Peregrino phase 2 will extend the Peregrino field life to 2040. Phase 2 adds 250-300 million barrels of oil, while at the same time halving expected CO2 emissions per... Continue Reading →
Petrobras denies changes in the composition of its current board
Petrobras sent a document to the Securities and Exchange Commission (CVM) denying any internal movement to change the composition of its current board. The company's statement comes after rumors circulated in the press over the last week, indicating that the government would be interested in changing the company's board. According to the news, the federal... Continue Reading →
Porto do Açu foresees R$ 22 billion in investments and wants to be the largest offshore wind energy hub in South America
Fifteen years and R$ 20 billion later, Porto do Açu, a mega-complex port-industry is already among the ten largest in the country in terms of cargo handled. It has already contracted over R$ 22 billion in investments over the next five years. Prumo Logística, owner of the venture, controlled by the American fund EIG, is... Continue Reading →
Eneva negotiates entry into offshore natural gas fields in Sergipe
(epbr) Eneva is considering buying stakes in large offshore natural gas discoveries in the Sergipe-Alagoas Basin. The epbr agency found that the agreement is not yet closed, but Eneva's interest is to enter the assets, under Petrobras operation, to increase the share of national gas available in its commercialization and development of new business portfolio.... Continue Reading →
ANP approves revision of Karoon’s Bauna U$378MM Development Plan
(PN) The National Petroleum Agency (ANP) approved the revision of the Development Plan for the Baúna field, presented by Australian Karoon – operator of the area. With the actions proposed in the plan, the oil company intends to invest around US$ 378 million in the field, increasing the oil reserves and the recovery factor in... Continue Reading →
Petrobras Taps Brazil Treasury Official for Executive Post, Sources Say
(Reuters) Brazilian Treasury official Esteves Colnago has been tapped for a position on the executive board of Petrobras, two sources told Reuters on Thursday, as part of a broad shakeup at the state-run oil company under its new chief executive. It was not immediately clear if Colnago, who served as planning minister under the 2016... Continue Reading →
FPSO Anita Garibaldi heads for BRAZIL
(PN) Petrobras announced that the Modec FPSO Anita Garibaldi left the DSIC Marine Yard shipyard, in the city of Dalian, China, for the Jurong shipyard, in the city of Aracruz (ES). The FPSO will be installed in the Marlim and Voador fields, in the Campos Basin, with production start scheduled for the third quarter of... Continue Reading →
Banks support construction of new Yinson FPSO for Petrobras with $720 mln loan
(OEM) Malaysian FPSO provider Yinson has entered into a $720 million syndicated loan facility for the FPSO Maria Quitéria, which is being built to operate for Petrobras in waters offshore Brazil. Yinson said on Thursday that the loan is with ING Bank N.V., Singapore Branch, Maybank Group, Natixis Corporate & Investment Banking, Standard Chartered Bank... Continue Reading →
Petrobras Hires Radix for Well Engineering and Subsea Engineering Work
Radix Engineering and Software has closed a R$49 million (~$9.5 million) contract with Petrobras in Brazil to develop and maintain scientific software focused on Well Engineering and Subsea Engineering. The contract will create 50 new jobs. Radix will develop software for two lots of subsea and one lot of wells, marking its return to large... Continue Reading →
Brazil Energy Insight 