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Subsea services firm Oceaneering International said Wednesday that Benjamin M. Laura, who currently serves as Oceaneering’s Senior Vice President, Offshore Projects Group, has been promoted to Senior Vice President and Chief Innovation Officer (“CIO”), effective October 1, 2022. He joined Oceaneering in 2014 as Director of Subsea Services, was appointed as Vice President of Service,... Continue Reading →
– In compliance with the terms of the Resolution No. 44, of August 23, 2021, as amended, issued by the Brazilian Securities and Exchange Commission (“CVM Resolution 44” and “CVM”, respectively) and Instruction No. 476, of January 16, 2009, as amended, issued by the CVM (“CVM Instruction 476”), and in addition to the Material Fact... Continue Reading →
An increase in demand for oil and gas has hailed the resumption of projects to deliver more FPSO vessels. Recent announcements have included the first round of tenders for equipment destined for the Parque das Baleias (Whale Park) FPSO, a process that has seen the water injection pumps being awarded to Sulzer. Due to be located 77 km... Continue Reading →
The FPSO Carioca, in the Sépia field in the pre-salt layer of the Santos Basin, completed one year of operation. During this period, the platform vessel reached an accumulated production of around 39 million barrels of oil (operated production). It is currently the largest platform in Brazil in terms of complexity and production, with around... Continue Reading →
(PN) Amid rumors indicating that PRIO (PetroRio) was acquiring Dommo, the two companies provided clarification on the possible operation to the Securities and Exchange Commission. In short, the companies confirmed that they are evaluating a strategic operation, with the possible purchase and sale of assets. However, there is still no binding document or decision on... Continue Reading →
China's CNOOC Ltd more than doubled its first-half profit helped by higher oil and gas prices, the offshore oil and gas producer reported on Thursday. Interim net income rose 116% to 71.89 billion yuan ($10.50 billion) while revenue rose 75.6% to 176.7 billion. Oil prices have soared this year, with prices coming close to $147... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it was elected one of the ten companies with the most transparent financial statements in Brazil in the category of companies with net revenues over R$20 billion. The recognition is granted annually by the National Association of Finance, Administration, and Accounting Executives (Anefac) to the Brazilian companies with... Continue Reading →
(Reuters) - Recent tax cuts in Brazil should gradually boost demand for gasoline and ethanol in Brazil through year end, but not enough to reach pre-pandemic levels, S&P Global Commodity Insights said on Wednesday. In its fresh Latin American Oil Market Forecast report, the financial information provider said a recovery has already been seen lately,... Continue Reading →
(Valor) The president of Shell Brasil, Cristiano Pinto da Costa, said today that the company is taking “great strides” to enter the renewable energy market. According to the executive, the company filed requests for environmental licensing for 17 gigawatts (GW) in offshore wind farms at the Brazilian Institute for the Environment and Renewable Natural Resources... Continue Reading →
(Reuters) - Brazilian central bank chief Roberto Campos Neto on Tuesday predicted that inflation will reach 6.5% or a little lower this year, amid government measures that lowered taxes on key goods. The estimate is more optimistic than private economists' expectations of inflation at 6.82%, according to a central bank weekly survey, but still above... Continue Reading →
Brazil Energy Insight 