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 →
Galp buys a cargo of 500,000 barrels of oil from the Union, product of production sharing contract for the Atapu field
(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 →
Perenco plans to increase Pargo production by 25% by the end of 2023
(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 →
Vessel contracted by Ocyan for offshore decommissioning work arrives in Brazil
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 →
Brazil’s Unigel to invest up to $1.5 billion in ‘green hydrogen’ production
(Reuters) - Brazilian chemical maker Unigel said on Wednesday it will invest up to $1.5 billion in its complex in the state of Bahia to produce so-called green hydrogen, the first in the country to do so on an industrial scale. The plant, located in the city of Camaçari, should have the first of three... Continue Reading →
Petrobras achieves 2022 annual production target
Petróleo Brasileiro S.A. – Petrobras informs that, in 2022, it exceeded the oil and natural gas production target, disclosed to the market in a material fact on November 24, 2021 and revised on January 14, 2022, within the considered margin of 4% for more or for less. Total oil and gas production was 2.684 million... Continue Reading →
Shell gives up on selling Parque das Conchas
Shell gave up selling the Parque das Conchas Cluster, in the Espírito Santo part of the Campos Basin. After receiving proposals, it opted to keep the asset in its portfolio. Shell received proposals from Enauta, PRIO and Karoon. The decommissioning of Parque das Conchas is scheduled for the end of the decade. Shell continues with... Continue Reading →
Modec’s Anita Garibaldi FPSO arrives in Brazil for final commissioning
Japanese FPSO operator MODEC has confirmed that a new floating production storage and offloading (FPSO) vessel arrived in Brazil to get ready for work in the pre-salt Santos Basin for the country’s state-owned energy giant, Petrobras. In a recent social media post, MODEC reported that the FPSO Anita Garibaldi MV33, its newest production vessel, arrived in Brazil, where its... Continue Reading →
Petrobras on leniency agreement
Petróleo Brasileiro S.A. - Petrobras informs that it received the devolution of about R$ 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 →
Karoon to start Patola production by the end 1Q 2023
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 →