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(Bloomberg) -- The conflict between Brazil’s ambitions to become a more responsible environmental steward while also ramping up lucrative oil exports has turned into an early test for President Luiz Inacio Lula da Silva. Off the coast of northern Brazil where the Amazon River enters into the South Atlantic, state-controlled oil giant Petroleo Brasileiro SA... Continue Reading →
(Reuters) - Brazilian Senator Jean Paul Prates, nominated by President Luiz Inacio Lula da Silva to head state-run oil company Petrobras (PETR4.SA), has been meeting with members of his Workers Party to confirm decisions about the new senior management for the company, four sources familiar with the matter said. The meetings highlight that the leftist party,... Continue Reading →
EDP, a company that operates throughout the Brazilian electricity sector chain, launched in São Gonçalo do Amarante, Ceará, its green hydrogen production plant as part of the Pecém Research & Development project H2V, which had an investment of R$ 42 million. In December, the company had already generated the country's first green hydrogen molecule at... Continue Reading →
Enauta released this week an update on the reserves of the Atlanta and Manati fields, based on December 31, 2022. According to the company, its 2P reserves (proven and probable) reached 168 million barrels of oil equivalent by the end of 2022 – an increase of 50.3 million barrels of oil equivalent compared to December... Continue Reading →
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 →
