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Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 05/05/2022 and 06/20/2022, informs that it is carrying out today the payment of the 2nd installment of the remuneration to shareholders approved by its Board of Directors in a meeting held on 05/05/2022. The gross amount distributed today corresponds to dividends of R$... Continue Reading →
Japanese FPSO operator MODEC has seen its new floating production storage and offloading (FPSO) vessel set sail from China to Brazil to work in the pre-salt Santos Basin for the country’s energy giant Petrobras. Converted from a very large crude carrier (VLCC) and delivered by COSCO Shipping Dalian in China, the FPSO Almirante Barroso MV32 started its... Continue Reading →
(Reuters) - Brazil's Petrobras will reduce gasoline prices at its refineries by about 5% on Wednesday, the state-run oil company said in a statement, its first price cut since late 2021, making analysts review projections for the country's inflation. Federal lawmakers and President Jair Bolsonaro have been putting intense pressure on the company's leadership to... Continue Reading →
CRP Subsea has secured several deepwater contracts to provide distributed buoyancy modules (DBMs) in Brazil for undisclosed companies. The distributed buoyancy modules will be used to reduce top tension by maintaining a lazy wave configuration of the pipeline, reducing the risk of pipeline failure and increasing the lifetime of the field, CRP Subsea said. The... Continue Reading →
(OE) Norwegian oil and gas company Equinor has restarted oil production from the Peregrino offshore field after it was suspended in April 2020. The field was brought back online on June 16, 2022. Production was shut down in April 2020 and Equinor has since thenexecuted a major program of maintenance, upgrades, and repairs on the Floating... Continue Reading →
(Reuters) - The governments of Sao Paulo and Minas Gerais, the two most-populous Brazilian states, on Monday cut local taxes on ethanol, a move followed by Parana state, in a bid to make the biofuel more competitive at the pump after a similar gasoline tax cut. Sao Paulo cut the ICMS tax, similar to a... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that, in an extraordinary meeting held today, its Board of Directors (BD), in a session attended only by its members who were not nominated for a new election, fully validated the analyses made by the Eligibility Committee (CELEG) regarding the candidates nominated by the controlling shareholder and minority shareholders... Continue Reading →
(Reuters) Mexico's state oil company Petroleos Mexicanos (Pemex) disclosed the names of two former managers that allegedly received bribes from the world's largest independent commodity trader, Vitol, newspaper Reforma reported on Friday, citing independent journalism organization Quinto Elemento Lab. Citing a document obtained through the Mexican transparency institute, Quinto Elemento named the two former general... Continue Reading →
(Upstream) Brazil’s vast potential for offshore wind generation and the challenges associated with implementing this new industry in a country that is still investing a lot of money in oil and natural gas projects were among the hot topics discussed in Upstream’s latest digital conference. With more than 130 gigawatts of future projects under environmental... Continue Reading →
The world market for the supply of underwater Christmas trees should have Brazil as the main stage during this third quarter. In a survey carried out by Westwood Energy, the main contracts of the type expected for the period between July and September should include Shell's Gato do Mato projects in the Santos basin; Maromba,... Continue Reading →
Brazil Energy Insight 