Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Brazil's central bank chief on Monday defended policymakers' focus on 12-month inflation through March 2024 over the 2023 year-end rate due to one-off tax changes, contributing to signals that the bank may be done raising interest rates. Central Bank President Roberto Campos Neto said the slightly longer horizon improved policymaking, as tax breaks... Continue Reading →
Brazilian oil and gas company PRIO, formerly known as PetroRio, has temporarily stopped production at a field, located within the Northern Campos Basin off the coast of Brazil. PRIO revealed on Monday that it has interrupted production at the Frade field due to an inert gas line. The initial estimates indicate that this interruption will last between 5 to... Continue Reading →
Norwegian offshore vessel owner Solstad Offshore has been awarded a contract extension for one of its anchor handling tug and supply (AHTS) vessels in Norway and a new assignment for another one in Brazil. Solstad Offshore revealed on Tuesday that Equinor has declared an option to extend the contract for AHTS Normand Ferking for one more year, which will keep... Continue Reading →
UK-based Altera Infrastructure has entered a Chapter 11 bankruptcy process in the U.S. to address its debt of over $1.5 billion. Formerly a part of Teekay, Altera Infrastructure is based in Westhill, Scotland and it is a supplier of infrastructure assets to the offshore energy industry. In a statement on Monday, the company said that it has executed... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that, as a result of the progress of the development project for the Búzios field, in the Santos Basin pre-salt area, it signed today a contract with Keppel Shipyard Limited for the construction of platform P-80, the ninth unit to be installed in the field. This unit will be... Continue Reading →
(PN) Eneva expects to be able to resume, in the third quarter, negotiations with Petrobras for the purchase of the Bahia Terra Cluster. The information was disclosed today by Eneva's CFO, Marcelo Habibe, during a conference call with investors. The conversations with Petrobras, according to the executive, were already at an advanced stage, when a... Continue Reading →
Wilson Sons registered net revenues of R$539.6 million (US$109.6 million) in the second quarter of 2022 (2Q22), up 6% against the 2021 comparative. In the first six months of the year (6M22), revenues totalled R$1.1 billion (US$211,0 million), a 5% increase year-over-year. The company, listed on the Novo Mercado segment under ticker symbol PORT3, released... Continue Reading →
3R Petroleum Óleo e Gas S.A. (“3R” or “Company”) (B3: RRRP3) hereby presents its earnings for the second quarter of 2022 (“2Q22”). Except as indicated otherwise, the financial and operational information described in this document is presented on a consolidated basis and in Brazilian Reais (R$), in accordance with International Financial Reporting Standards (IFRS). SECOND... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has begun the opportunity disclosure stage (teaser), referring to the sale of its mining rights for research and mining of potassium salts located in the Amazon Basin. The teaser, which contains the main information about the opportunity, as well as the eligibility criteria for the selection of... Continue Reading →
Subsea 7 has awarded Miros Group agreements to install its internet of things (IoT) dry-sensor WaveSystem on three of its pipelay support vessels, ti deliver accurate wave measurements via Miros' cloud-based graphical user interface (GUI) Miros.app. As part of three 3-year contracts and project requirements for the monitoring of wave and current to a water... Continue Reading →
Brazil Energy Insight 