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Scana's Seasystems has secured a contract worth more than NOK 50 million (more than ~$5,16 million) to deliver an anchoring system to an FPSO project in Brazil. Seasystems will deliver mooring equipment such as dual axis chain stoppers, chain handling systems, and winches. The FPSO will be rebuilt. The company did not say who the... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras said on Monday it would raise diesel prices by 8.9%, a move that will test the patience of President Jair Bolsonaro, who exhorted the firm last week not to lift them further. Petroleo Brasileiro SA (PETR4.SA), as the company is formally known, said itwould raise refinery gate diesel prices... Continue Reading →
A setback in a process for contracting rigid risers by Petrobras. The company announced this week that it has canceled the contracting of Engineering, Procurement, Construction and Installation (EPCI) services for subsea rigid lines (SURF). The pipelines would be used in the initiative called “WAG Full Field of the Tupi Field” by Petrobras, which consists... Continue Reading →
(PN) Petrobras' exploratory program for the remainder of the year will have at least three more new wells drilled. The new wells will be drilled in the Andura and Joelho prospects, in the Espírito Santo Basin, and Morfo, in Foz do Amazonas. The company's exploratory program in Brazil includes eight wells throughout the year. Of... Continue Reading →
A new way of thinking about technology and doing business with service providers has enabled Petrobras to increase the efficiency and rate of penetration of its drill bits, a Petrobras official said at OTC on Monday. Along the way, Petrobras official Adriano Gouveia Lima Gomes dos Passos said that his company worked with its suppliers to... Continue Reading →
PetroReconcavo, an independent onshore oil and gas producer, with 22 years of experience in the sector, announces its financial and operating results for 1Q22. The Company recorded net revenue of R$703 million in 1Q22, which represents an increase of 147% compared to 4Q21, and 186.2% compared to 1Q21 when revenue was R$ 246 million. The... Continue Reading →
(Reuters) - Executives at Petrobras said on Friday the Brazilian state-run oil firm would stick to market-oriented fuel pricing policies, after President Jair Bolsonaro criticized the company for making billions in profits while Brazilians felt pain at the pump. Chief Executive José Mauro Coelho said the company would plow ahead with its refinery divestment program,... Continue Reading →
(PN) Petrobras' board of directors held a conference call with investors to detail the financial results for the first quarter. During the call, one of the main novelties was the signaling that the company may disclose some line of business focused on energy transition in its next strategic plan, which should be ready at the... Continue Reading →
(epbr) 3R Petroleum is approaching global trading companies interested in joining the Potiguar Cluster as partners. The company intends to deepen the studies on the financial evaluation of the cluster's infrastructure assets, before taking a decision on a potential partnership. In January, the company signed a contract with Petrobras, in the amount of US$ 1.38... Continue Reading →
(Reuters) Brazil's Petrobras posted a first-quarter net income that beat forecasts on Thursday, just minutes after Brazilian President Jair Bolsonaro railed against the state-run oil company's profitability, saying its executives had no sympathy for ordinary people. In a securities filing, Petroleo Brasileiro, as the company is formally known, posted a quarterly net income of 44.56... Continue Reading →
Brazil Energy Insight 