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(PN) Shell notified the discovery of evidence of natural gas in block C-M-791, located in the Campos Basin, off the coast of Rio de Janeiro, in a water depth of 2,917 meters. The discovery took place in well 1-SHEL-34A-RJS (Bob-1A), according to information from the National Petroleum Agency (ANP). The drilling of the Bob-1A well... Continue Reading →
Subsea 7 ended 2021 with excellent operational and financial performance. Revenue reached US$ 5 billion, representing growth of 45% compared to the previous year. The company's EBITDA reached US$ 521 million, an increase of 55% compared to 2020. Net income for the year was US$ 36 million. The global order backlog hit the $7.2 billion... Continue Reading →
(PetroleoHoje) Transocean and Maersk Drilling continue in the dispute for the charter of the rig that will operate alongside the West Saturn unit for Equinor, drilling the development wells of the Bacalhau project, in the Santos Basin. The two groups presented the best proposals, being selected to proceed with the negotiation process with the Norwegian... Continue Reading →
(Reuters) Brazil this decade expects to gradually add 3 million barrels per day of oil and gas to its production but cannot speed up those plans to offset a ban on Russian oil, top oil regulator Rodolfo Saboia told Reuters last week. One of the largest and fastest-growing non-OPEC oil producers, the South American country... Continue Reading →
The National Petroleum Agency (ANP) approved the request for declaration of commerciality for Wahoo, in the Campos Basin, operated by the independent oil company PetroRio. The request had been filed by the company at the end of last year. The field is located in block C-M-101 and has 126 million recoverable barrels of oil (1C),... Continue Reading →
(Reuters) - Shell (SHEL.L) announced on Friday it has applied for a license from Brazil's environmental agency Ibama to generate offshore wind power in six areas in the country. The six projects are located in the Brazilian states of Piaui, Ceara, Rio Grande do Norte, Espirito Santo, Rio de Janeiro and Rio Grande do Sul. The total... Continue Reading →
The net profit of the oil company Enauta in 2021 reached the level of R$ 1.4 billion, a record in the company's history. According to the company, the result was driven by the price of Brent oil, the appreciation of low sulfur oil and the recognition of the entire Atlanta field. Another important factor was... Continue Reading →
(Reuters) - Brazil's Braskem (BRKM5.SA) said it expects a slight growth in sales of petrochemical products and high margins, despite oil price volatility as a result of the Ukraine crisis. Braskem had on Wednesday reported a 51% rise in revenue and a 53% rise in cash generation in the fourth quarter over the same period a year... Continue Reading →
Petrobras started the licensing process for the Auri robot, Autonomous Underwater Riser Inspection, a technology patented and developed by Petrobras in partnership with PUC-Rio. Equipped with high resolution cameras and remotely operated, the AURI is able to identify, with high precision, maintenance needs in the flexible pipelines that transport oil from subsea facilities to production... Continue Reading →
Stolthaven Santos and the Pecém Industrial and Port Complex, a joint venture formed by the government of Ceará and the Port of Rotterdam, in the Netherlands, announced the signing of a memorandum of understanding (MoU) for the study of a new storage terminal in Porto do Pecém, Brazil. The terminal will focus on providing storage... Continue Reading →
