Petrobras on the lease of the Bahia LNG Terminal

Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/28/21, informs that it has signed the Instrument of Acceptance provided for in the contract and transferred, this Saturday (12/04), the operation of the Bahia Liquefied Natural Gas Regasification Terminal (TR-BA) to Excelerate Energy Comercializadora de Gás Natural (Excelerate). The agreement was signed... Continue Reading →

Bolsonaro: Petrobras to cut fuel prices

(Reuters) - State-run oil company Petrobras (PETR4.SA) will start lowering fuel prices as early as next week, Brazilian President Jair Bolsonaro said in an interview on Sunday published in news website Poder360. Bolsonaro did not give details about the move, but explained that the price reductions should continue into the next few weeks. "Petrobras begins this week... Continue Reading →

Solstad secures long-term jobs with Equinor in Brazil

Norwegian offshore vessel owner Solstad Offshore has secured long-term contracts for two of its platform supply vessels (PSVs) with Equinor for operations in Brazil. Solstad Offshore revealed on Monday that Equinor in Brazil has awarded the PSVs Sea Brasil and Far Scotsman new long-term contracts. Both vessels are contracted for two years with the beginning set for December 2021... Continue Reading →

Brazil produced 3,606 MMboe/d in October

The national production of oil and natural gas in October totaled 3,606 MMboe/d (million barrels of oil equivalent per day), with 2,777 MMbbl/d (million barrels daily) of oil and 132 MMm3/d (million cubic meters) of natural gas. There was a 7.4% reduction in oil production compared to the previous month and 3.3% compared to October... Continue Reading →

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