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Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 05/24/2022, informs that it has celebrated a new addendum to the natural gas purchase contract with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB). The addendum signed today refers to the commitment profile for deliveries by YPFB of the gas volumes contracted by Petrobras, as a... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3:RRRP3) informs its investors and the market in general that on August 5, 2022, the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) approved the transfer of concession contracts for two onshore production fields that form the Fazenda Belém Cluster, owned by Petróleo Brasileiro S.A.... Continue Reading →
(Reuters) - An oil and gas industry study commissioned by the campaign of former President Luiz Inacio Lula da Silva for the October elections will recommend bolstering Petrobras' refining capacity, including through the reversal of refinery privatizations, one of the study's authors told Reuters. The study also proposes new investments and the resumption of refinery... Continue Reading →
(EPBR) Ibama registers 66 projects under licensing in the country, totaling 169 GW. Rio Grande do Sul and Ceará lead the ranking of power Shizen Energia do Brasil, a group of Japanese origin, has become the leader in licensing offshore wind farms in Brazil, with 18 GW, in six projects on the Brazilian coast –... Continue Reading →
The ANP published the Monthly Bulletin of the Production of Oil and Natural Gas, with the consolidated data of the national production in the month of June. Approximately 2,828 MMbbl/d (million barrels per day) of oil and 133 MMm3/d (million cubic meters per day) of natural gas were produced, totaling 3,664 MMboe/d (million barrels of... Continue Reading →
Japanese FPSO operator MODEC and its compatriot EPC company Toyo Engineering Corporation (TOYO) are setting up a joint venture for floating production storage and offloading (FPSO) vessels. As revealed on Friday, the two have executed an agreement for the establishment of a joint venture company for the Engineering, Procurement, Construction and Installation (EPCI) business of... Continue Reading →
Dutch FPSO leasing specialist SBM Offshore has ordered its latest Fast4Ward multi-purpose floater hull as it marked a new record level order book at $31.1 billion. The latest Fast4Ward floating production unit (FPU) is expected to be delivered in 2024, the firm said yesterday in its half year earnings. It also said it could have... Continue Reading →
The Cidade de Anchieta FPSO remains shut down, six months after oil was observed close to the vessel during operations for Petrobras in the Espirito Santo Basin offshore Brazil. In its latest results statement, SBM Offshore said an estimated 191 cu. m of oil was released to the sea. The vessel, which had been operating in the Parque das Baleias area, is currently... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) said on Thursday it will reduce refinery gate diesel prices by 3.5% starting Friday, the first price cut for the fuel in more than a year. Petroleo Brasileiro SA (PETR4.SA), as the company is formally known, said in a statement on its website that diesel prices will drop to 5.41... Continue Reading →
Energy intelligence group Westwood is seeing a rebound in high-impact exploration this year with expectations for it to pick up in the second half and deliver up to 90 wells by year’s end, the highest level since 2019. In a report on Wednesday, Westwood said that 38 high-impact exploration wells were drilled in the first half of 2022, similar... Continue Reading →
Brazil Energy Insight 