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(Reuters) - A leftist former union leader is on track to replace Brazil's right-wing president and tear up the most important fiscal rule in the world's 10th largest economy, but foreign investors are largely unfazed. Their even-keeled outlook for Brazil, where the local currency and stock market have gained this year, reflects confidence that even... Continue Reading →
(OED) Danish offshore drilling firm Maersk Drilling has secured a contract with Shell Brasil for the semi-submersible rig Mærsk Developer in the Campos basin offshore Brazil. The offshore drilling rig will drill one exploration well and perform subsea well interventions at the BC-10 field. The contract is expected to start in March 2023, in direct... Continue Reading →
Scheduled to form part of Petrobras' 5th production module in the Búzios field, the Modec unit will be submitted to Brazilian authorities' clearance procedures. Afterwards, it will go to the Brasfels shipyard, in Angra dos Reis (RJ), where it will undergo the final commissioning activities. The first oil from the FPSO Almirante Barroso is expected... Continue Reading →
After making a few stops on the way, a floating, production, storage and offloading (FPSO) vessel, destined for Petrobras’ revitalisation project, has arrived in Brazil. Letters of Intent for this FPSO project were awarded to Malaysia’s Yinson in October 2019 by Petrobras. Several months later, the two players entered into definitive contracts and in April 2020, Sumitomo... Continue Reading →
(U) Trident Energy expects to start looking next month for buyers of stakes in two of the 10 oil concessions it wholly acquired from Petrobras in 2020, its top boss said on Wednesday. The UK firm has hired Brazilian bank Itaú BBA to run the competitive process, Jean-Michel Jacoulot, chief executive officer of Trident, told... Continue Reading →
(U) Shell expects to decide on sanctioning Gato do Mato, its biggest new Brazilian offshore project, within the next three months – after re-evaluating its viability in the light of supply constraints and rising costs in recent months. The UK-based supermajor has been working on contracting arrangements for a project that will feature a floating... Continue Reading →
Finland-headquartered technology group Wärtsilä has inked what is described as “a pioneering agreement” for decarbonisation projects in the oil and gas segment in the Americas with Brazil’s shipping company Grupo CBO. This is the Finnish player’s first contract in the decarbonisation area for the oil and gas sector in Latin America, and the second one in the Americas. CBO... Continue Reading →
One of Seadrill’s drillships has arrived in Brazil to complete testing operations ahead of its three-year contract with Petrobras. Seadrill secured two contracts with Petrobras for the West Carina and West Tellus rigs back in November 2021. Both agreements, for work on the Búzios field, were signed on a three-year fixed-term basis with a planned start date... Continue Reading →
(Reuters) - Petrobras is set to present its new strategic plan for the coming years in November, an executive for Brazil's state-run company said on Wednesday, hinting it should be "consistent" with the current focus on offshore oil formation known as pre-salt. During an oil and gas event in Rio de Janeiro, Petrobras' executive director... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that today it signed a contract with Keppel Shipyard Limited for the construction of the P-83 platform, as a result of the advancement of the Búzios field development project, in the Santos Basin pre-salt area. The P-83 will be able to produce up to 225 thousand barrels of oil... Continue Reading →
