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(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) will avoid raising fuel prices until after Congress finishes debating further tax cuts, two sources close to the matter told Reuters on Tuesday. The firm's management told the government on Monday that Brazil's diesel and gasoline prices are lagging behind international markets. Diesel prices, which the company increased in... Continue Reading →
Oslo Stock Exchange-listed oil and gas E&P company BW Energy has confirmed it is engaged in discussions with Brazil’s state-owned oil and gas giant Petrobras to acquire the latter’s stake in a field located offshore Brazil. Back in January 2020, Petrobras disclosed its intention to sell its entire stake in two sets of deep-water post-salt offshore concessions,... Continue Reading →
Sembcorp Marine Ltd, through its wholly ownedsubsidiaries, Estaleiro Jurong Aracruz (EJA) and Sembcorp Marine Specialised Shipbuilding Pte Ltd (SMSS), and the establishment of a Special Purpose Entity “Polar1 Construção Naval SPE Ltda”, has secured an EPC Contract valued at about USD150 million (approximately SGD200 million) from Emgepron, a state-owned company linked to the Ministry of... 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 May 2022 in the assets that the Company holds participation. (1) Macau Cluster production was impacted by a drop in energy supply during the... Continue Reading →
(PN) Petrobras launched this week a tender for contracting inspection services in its industrial assets located on land and sea. The tender covers both refining units as well as platform ships currently in operation in the Brazilian pre-salt. The expectation is that the opening of the envelopes with the proposals will take place on the... Continue Reading →
(TN) Ocean Winds, a 50-50 joint venture between world energy leaders ENGIE and EDP Renewables dedicated to offshore wind power generation, announces the launch of OW Brasil, a wholly owned Brazilian company investing in offshore wind project development opportunities in the country. Highly interested in Brazil's 700 GW offshore wind power potential (according to a... Continue Reading →
(PN) A new major contract for the Altera&Ocyan portfolio. The company, formed by the union between Ocyan and Altera Infrastructure, signed an agreement with 3R to carry out the maintenance and operation of the P-61 and P-63 platforms in the Papa Terra field, in the south of the Campos Basin (RJ). The contract will last... Continue Reading →
Hydrogen has a crucial role in decarbonizing the world’s energy system, but uptake will be too slow. Governments need to make urgent, significant policy interventions, according to a new report by DNV. In Hydrogen Forecast to 2050, DNV predicts the amount of hydrogen in the energy mix will be only 0.5% in 2030 and 5%... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 03/18/2020, informs that the divestment process of the maritime concession called Golfinho Cluster, located in deep waters, in the Espírito Santo Basin, is still in the binding phase. The company BW Energy was invited to the negotiation stage, as reported by this company... Continue Reading →
(RC) Brazil has made a surprise leap forward to take lead position among global offshore wind power project pipelines with almost 100GW in development, according to new calculus from research house the Renewables Consulting Group (RCG). According to RCG’s latest Global Offshore Wind Annual Market Report, the South American nation – which has yet to install... Continue Reading →
Brazil Energy Insight 