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(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 →
Saipem and Oil Spill Response Limited (OSRL) have signed an extension of their existing services agreement to include the provision of Saipem’s FlatFish underwater drone for environmental monitoring and inspection of asset integrity. The existing contract between the parties provides for the storage, maintenance, training of personnel and readiness including the remote emergency response of the Offset... Continue Reading →
Norwegian offshore vessel owner DOF has secured contract extensions and new contracts for three of its vessels in Brazil with Petrobras. The deals are worth more than USD 253 million. The contracts, awarded to DOF Brazilian subsidiaries, Norskan Offshore Ltda. and DOF Subsea Brasil Servicos Ltda, are for the vessels; Skandi Chieftain, Skandi Olympia and Skandi... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on June 27, 2022 and July 15, 2022, informs the beginning of the non-binding phase in the processes of sale of assets in refining and associated logistics in the country, which includes the refineries Abreu e Lima (RNEST) in Pernambuco, Presidente Getúlio Vargas (REPAR)... Continue Reading →
(Reuters) - Shareholders in Brazil's Petrobras (PETR4.SA) have elected six government-affiliated nominees and two nominees affiliated with the market to serve on the state-run oil company's board, three people familiar with the matter told Reuters on Friday. Overall, the number of board seats held by the state is unchanged, and the balance of power between non-government shareholders... Continue Reading →
Demand for offshore drilling rigs has increased and the global floater market will continue to benefit from an ongoing recovery, Maersk Drilling, an offshore drilling contractor, has said. The rig owner said in its 2Q 2022 report on Friday that the utilisation across both floater and jack-up segments continued to trend upwards during the quarter, primarily as... Continue Reading →
(Reuters) - Brazilian central bank chief Roberto Campos Neto on Thursday said Brazil hiked interest rates earlier and faster than the rest of the world, and that people understand the monetary tightening is "largely done." Since raising rates earlier this month to 13.75% from a 2% record low in March last year, policymakers have been... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras hereby informs that the Executive Board approved on August 18, 2022, the 1st issuance of book-entry commercial notes (Issuance), without collateral and personal guarantee, in up to two series (Book-entry Commercial Notes), which will be subject to public distribution, with restricted distribution efforts, under mixed regime of firm guarantee and... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on June 1, 2022, informs that, after compliance with all the precedent conditions set forth in the share purchase and sale agreement, the purchase of Edison S.p.A.'s stake (50%) in Ibiritermo S.A. has been completed and the transfer of the Usina Termelétrica Ibirité (UTE... Continue Reading →
The Brazilian Institute of the Environment (Ibama) granted an operating license renewal to Equinor, authorizing the Norwegian oil company to carry out short-term drilling and testing activities in the Bacalhau field, in the Santos Basin. The license will be valid for four years. According to the document, the company will be able to drill up... Continue Reading →
Brazil Energy Insight 