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(OP) Latin America’s largest economy Brazil is experiencing a massive offshore energy boom which has seen the country overtake Venezuela and Mexico in little over a decade to become the region’s largest oil producer. This is driven by pre-salt petroleum discoveries in offshore Brazil, with the first being made by national oil company Petrobras in the Santos... Continue Reading →
Oil and gas giant Petrobras has awarded CGG with a four-year contract extension for its dedicated reservoir services center in Rio de Janeiro, Brazil. Under the contract, CGG will continue providing its reservoir characterization workflows, such as geostatistical, 4D and azimuthal inversion, while also bringing new technologies to Brazil to further enhance reservoir understanding. These... Continue Reading →
Following a hike in fuel prices, which ousted its previous Chief Executive Officer (CEO) from the office after less than two months in the role, Brazil’s state-owned giant Petrobras has appointed a new director, who will also take over the CEO role at the company. The appointment comes after Petrobras was instructed last month to replace its... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), in compliance with provisions of article 12 of CVM Resolution No. 44, communicates to its investors and the market in general that received on June 27, 2022, notice from GERVAL INVESTIMENTOS LTDA. (“GERVAL” or “Manager”) informing about the change in the equity interest of its funds... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 02/08/2021, 08/25/2021, and 10/01/2021, informs that today it has restarted the processes for the sale 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... Continue Reading →
(TN) The consultancy Grupo I Can completed the asset management assessment of Petrobras' Santos Basin Exploration and Production Business Unit (UN-BS). Since 2019, the UN-BS has started to implement asset management at the unit, which is located in the pre-salt layer, to understand the maturity level of the organization and, based on that, to develop... Continue Reading →
Petróleo Brasileiro S.A - Petrobras, informs that its Board of Directors, in a meeting held today, by majority vote, nominated Mr. Caio Mário Paes de Andrade as Petrobras' Director until the next General Shareholders' Meeting and elected him as the company's CEO, the latter to hold office until April 13, 2023. Below is an extract... Continue Reading →
Last week, Corio also announced five offshore wind projects totalling more than 5 GW in early-stage development off Brazil. Corio intends to develop five projects in Brazil, subject to finalisation of documentation and regulatory approvals, alongside leading Brazilian power generation company Servtec, which has been in the renewables sector for more than 20 years and... Continue Reading →
Oil and gas company BW Energy has agreed to buy Saipem's Cidade de Vitoria FPSO for $73 million in cash. The vessel is currently owned by Saipem and operated for Petrobras in the Golfinho field offshore Brazil. The sale and purchase of the FPSO is subject to the closing of the acquisition by BW Energy... Continue Reading →
(Reuters) - The incoming chief executive of Brazil's state-run oil company Petrobras (PETR4.SA) told a corporate committee he has not received any guidance from the government on changing the firm's fuel pricing policy, a document showed on Saturday. Caio Mario Paes de Andrade, a former economy ministry official appointed by President Jair Bolsonaro to run Petrobras, was... Continue Reading →
