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(epbr) With a portfolio of 1.7 GW of onshore wind and solar generation in Brazil, including projects in operation, under construction or authorized, French EDF Renewables, an arm of EDF, is now targeting hybrid projects that combine offshore wind and green hydrogen (H2V) in the country. “We are very interested and we want our portfolio... Continue Reading →
Norwegian shipping company Siem Offshore has won a long-term contract for one of its oil spill recovery vessels (OSRVs), which will carry out operations offshore Brazil. Siem Offshore revealed on Thursday that it has signed a new contract for its oil spill response vessel Siem Maragogi. No financial information about this deal was disclosed. The three-year deal... Continue Reading →
(PN) PRIO announced that it has started production at the ODP4 well, in the Frade field, in the Campos basin. The oil company received approval from the Brazilian Institute for the Environment (Ibama) for new drilling activities in the asset. The ODP4 well is particularly special, as it is the first in Frade's revitalization program.... Continue Reading →
ANP published the Monthly Bulletin of Oil and Natural Gas Production, with consolidated data on national production for the month of May. Approximately 2.879 MMbbl/d (million barrels per day) of oil and 132 MMm3/d (million cubic meters per day) of natural gas were produced, totaling 3.707 MMboe/d (million barrels of oil equivalent per day) Pre-salt... Continue Reading →
German engine manufacturer MAN Energy Solutions has been hired by Malaysia’s Yinson to supply a total of seven compressor trains for an FPSO vessel, which will be deployed off the coast of Brazil. MAN Energy Solutions revealed on Thursday that it has been commissioned by Yinson to provide five centrifugal compressor trains for gas production and export. The... Continue Reading →
(Reuters) - Brazil's real is expected to firm over the next 12 months but will come under growing pressure from planned extra social spending against a complex economic backdrop in the run-up to October's presidential vote, a Reuters poll showed. A median forecast in a poll of 28 analysts, which usually reflects a more conservative... Continue Reading →
(Valor) The result of Petrobras' billion-dollar international tender for the construction of two platform ships aimed at producing pre-salt oil could have been different if more companies had participated in the process, increasing competition and reducing unit prices, sources say. The tender aimed to build platforms P-80 and P-82, for exploration of pre-salt deposits, in... Continue Reading →
(Reuters) - Brazil is at risk of facing a more serious incident than the Jan. 6, 2021 attack on the U.S. Capitol, said the head of the country's Electoral Court, Edson Fachin, on Wednesday ahead of the presidential election in October. His remarks follow the latest polls that show Brazil's far-right President, Jair Bolsonaro, trailing... Continue Reading →
(OED) Offshore drilling firm Valaris said this week it has recently secured offshore drilling contracts and extensions worth $466 million in total, with the majority of the new backlog filled by a $327 million drillship deal with Equinor in Brazil. The company CEO Anton Dibowitz said he saw a constructive outlook for the offshore drilling industry, as... Continue Reading →
As energy security concerns continue to grow unabated due to the current geopolitical crisis, Rystad Energy, an energy intelligence group, has predicted that the considerable drop in the total recoverable oil worldwide from last year’s figures represents another threat to global energy security. Each year Rystad Energy releases its own analysis of the global energy... Continue Reading →
