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(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 →
Brazilian oil company Petrobras has awarded a 4-year contract to CIMC and OOS International for the OOS Tiradentes semi-submersible accommodation rig. Under the contract, the accommodation rig will be used to provide safety and maintenance support offshore of Brazil from April 2023 onwards. The four-year contract award follows on from two long-term contracts previously awarded by Petrobras in 2018... Continue Reading →
(OM) Two key Equinor field development projects offshore Brazil are driving deepwater rig contracting activity, according to Evercore ISI’s latest Offshore Rig Market Snapshot. Recently,Valaris announced that it will be reactivating the DS-17 for a new 540-day contract with Equinor for offshore Brazil. The $327-million contract value includes $86 million in upfront reimbursements for mobilization, reactivation,... Continue Reading →
(WO) Hedge funds and other investors looking to cash in on Brazil’s surging oil and gas output are turning to a new breed of drillers as an alternative to turmoil-wracked Petroleo Brasileiro SA, the state-owned producer that’s had four CEOs since early 2019. Gerval Investimentos, the family office for the controlling shareholders of steelmaker Gerdau... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for June 2022 in the assets that the Company holds participation. (1) The Macau Cluster had its production in May impacted by a technical problem linked... Continue Reading →
Ocyan has signed a contract with Solstad Offshore for the charter of a “Normand Cutter” construction support vessel. The purpose is to enable Ocyan to participate in several projects in the segment and the first of them will be the contract for the decommissioning of the subsea systems of 3 FPSOs, recently won from Petrobras... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/27/2022, informs that it has extended the deadlines for participation in the sale processes of Refinaria Abreu e Lima (RNEST), in Pernambuco, Refinaria Presidente Getúlio Vargas (REPAR), in Paraná, and Refinaria Alberto Pasqualini (REFAP), in Rio Grande do Sul, as well as the... Continue Reading →
Equinor is very close to restarting production in the Peregrino field, in the southern part of the Campos basin. However, the date for restarting operations in the area has been slightly readjusted. The board of the National Petroleum Agency (ANP) approved the postponement of the resumption of production in the field to August 31 this... Continue Reading →
(Reuters) - New legislation approved by the Brazilian Congress late on Wednesday reinstates a tax advantage to biofuels compared with fossil fuels, which should benefit companies producing ethanol in the long-term, analysts said on Thursday. Brazil's lower house approved the government-sponsored bill that among other things includes a provision saying biofuels should enjoy lower taxes... Continue Reading →
Brazil Energy Insight 