Brazilian oil and gas player Enauta has revealed that its exclusivity deal with Australia’s Karoon Energy for the sale of a partial stake in a field located offshore Brazil has been terminated, thus, the company will be keeping its entire stake in this field for the time being. Back in March 2022, Enauta confirmed it... Continue Reading →
Offshore wind farms bet on cost reduction to develop Brazilian potential
(TN) Decree 10,946/2022, published in January 2022, established guidelines for the generation of electricity on the high seas and brought good prospects for companies and entities in the sector. With highly favorable natural conditions, it is estimated that the Brazilian offshore wind potential is around 700 GW – four times the country's installed capacity. According... Continue Reading →
Enauta expects to boost oil output from Brazilian field following term extension
Brazilian oil and gas company Enauta has been granted an extension of the concession agreement for a field located offshore Brazil, enabling it to put its development plan into motion in a bid to ramp up output from the field and increase hydrocarbon reserves. Enauta revealed on Thursday that the National Agency of Petroleum, Natural Gas... Continue Reading →
Shell to partner with Brazil’s Açu to build green hydrogen plant
(Reuters) - Shell (SHEL.L) and Brazil's Porto do Açu have agreed to jointly build a green hydrogen plant, executives told Reuters, a deal that could result in the debut of the up-and-coming technology in South America's largest nation. Under the terms of a memorandum of understanding signed on Thursday and first disclosed to the news agency, the... Continue Reading →
Prosafe eyes Brazil market for future employment of two delayed newbuilds
(OEM) Offshore accommodation provider Prosafe has agreed with China’s COSCO Shipping on another extension of the delivery of two of its newbuild units, planning to take the delivery once contract opportunities materialize with expectations for Brazil to be the most likely location. Prosafe informed on Thursday that, as part of entering into a global agreement... Continue Reading →
Petrobras studies investing in offshore wind energy
The President of Petrobras, José Mauro Ferreira Coelho, said that the state company is studying investing in offshore wind energy. “We are studying an alternative to capture offshore wind energy in deep and ultra-deep waters in a long-term project”, highlighted the executive at the Global Carbon Market Congress, held in Rio de Janeiro. “In 2020... Continue Reading →
Petrobras refineries break record for processing pre salt oil
(PN) Petrobras broke the record for processing pre-salt oil at its refineries. In the 1st quarter of 2022, on average, 65% of the oil load processed in the company's refineries originated in the Brazilian pre-salt, a quarterly record. In February 2022, the monthly pre-salt processed volume record was reached with 66%. In 2016, for example,... Continue Reading →
Brazil’s new energy minister faces uphill battle to change Petrobras pricing formula
(Reuters) - Brazil's newly appointed Mines and Energy Minister Adolfo Sachsida will face resistance at Petrobras (PETR4.SA) if he pushes to remove import costs from the state-run oil company's fuel price calculations, according to people familiar with the matter. Sachsida has supported the move as a way to ease pressure on consumer prices amid a surge in... Continue Reading →
Enauta halts output from Brazilian well in preparation for ‘minor repairs’
Brazilian oil and gas company Enauta has stopped production from one of the wells at the Atlanta field, located offshore Brazil, to carry out – what it describes as – minor repairs in the production line. Enauta revealed on Tuesday that production was temporarily interrupted at dawn at the well 7-ATL-2HP-RJS, which had been producing... Continue Reading →
Westwood: Offshore Drilling Rig Utilization Much Higher Than Typically Reported
(OE) Utilization is one of the key barometers of the health of the offshore rig market, as it identifies what percentage of the usable fleet is available versus what is not. While there has been much excitement over the past year regarding rapidly increasing offshore rig utilization (and dayrates), it appears the true extent of... Continue Reading →
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