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By: Philip Lewis (OE) Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it was notified, on 06/09/22, of the preliminary injunction decision issued by the Court of Justice of the State of Rio de Janeiro, determining the paralysis of contractual negotiations with the Petrorecôncavo and Eneva consortium regarding the sale process of the onshore production fields located in the Recôncavo... Continue Reading →
As the stamp of high oil prices in the first half of the year engraves its mark on oil market fundamentals, Westwood Global Energy, an energy market research and consultancy firm, points out the signs of an uptick in offshore exploration and production (E&P) investment and rig count, expecting the demand for offshore support vessels... Continue Reading →
Oilfield services giant Schlumberger and offshore installations specialist Subsea 7 have agreed to renew their Subsea Integration Alliance for a further seven years. Subsea Integration Alliance is a an alliance between Subsea 7 and Schlumberger’s OneSubsea subsea technologies, production and processing systems business, under which the two companies jointly design, develop and deliver integrated subsea... Continue Reading →
The Brazilian government selected Gileno Gurjao Barreto on Thursday as its nominee to chair state-run oil giant Petrobras' board. The Mines and Energy Ministry also confirmed Caio Mario Paes de Andrade as its nominee to be Petrobras' chief executive. The nominations, which still need to be approved by shareholders, come weeks after Brazil's President Jair... Continue Reading →
Malaysian FPSO provider Yinson, with its project partner Sumitomo Corporation named the new FPSO Anna Nery, during a naming ceremony held concurrently in Jiangsu, China and Kuala Lumpur, Malaysia. The FPSO Anna Nery is currently undergoing final conversion works and is going to set sail for Brazil in the third quarter, where it will be... Continue Reading →
(PEN) In a year with a record number of new contracts and solid results, the Brazilian CBO Group advanced in ESG (Environmental, Social and Corporate Governance) practices and published its first Sustainability Report, 2021 version. , investment in energy efficiency actions and the waste reduction results promoted by the Visão Verde Program. The maritime support... Continue Reading →
(Reuters) - High ethanol and sugar prices have investors looking into merger deals in Brazil, where a lot of idle biofuel capacity could be put to work to help boost tight global fuel and food supplies. "Brazil is the Saudi Arabia of sugarcane, there is inexpensive unused capacity. That is the investor dream," said Craig... Continue Reading →
Forum Energy Technologies (FET) has delivered two work-class remotely operated vehicle (ROV) sales to Brazilian marine engineering company Oceanica to support its deepwater intervention operations. The systems were built at FET’s UK facility at Kirkbymoorside, North Yorkshire, and delivered in the first half of 2022. "FET supplied two Perry XLX-C work-class ROV systems, both... Continue Reading →
Rio de Janeiro, June 07, 2022 - Petróleo Brasileiro S.A. – Petrobras, regarding the news published in the media about the Investment Partnership Program of the Presidency of the Republic (PPI), informs that, today, Resolution CPPI no. 240/2022 was published in the Official Federal Gazette, through which the PPI Council opined favorably to the inclusion... Continue Reading →
Brazil Energy Insight 