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(Reuters) - A Brazilian police investigation of alleged bribery of Petrobras employees to fix the price of fuel sold to JPMorgan Chase & Co (JPM.N) by the state-run oil firm has expanded from one deal to at least four over the course of 2011, according to documents and two law enforcement officials. Previously unreported invoices related to... Continue Reading →
(Offshore) Wood Mackenzie’s Global Upstream Outlook 2022 predicts a 9% increase in investments next year to more than $400 billion. The consultants expect more than 40 projects with resources of more than 50 MMboe to be sanctioned, with low-breakeven, low-carbon deepwater projects dominating greenfield final investment decisions. Fraser McKay, vice president upstream research, said: “Companies will allocate... Continue Reading →
Petróleo Brasileiro SA – Petrobras, following up on the releases disclosed on 08/04/2021, 10/28/2021, and 11/19/2021, informs that it is carrying out today the payment of the 2nd installment of the anticipated shareholder remuneration for 2021. The gross amount distributed corresponds to the gross value of dividends and interest on equity (IOE) of R$ 3.250487... Continue Reading →
(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) is pleased to announce that it has entered into an extension of its well intervention charter and services contracts for the Siem Helix 2 offshore Brazil with Petróleo Brasileiro S.A. (Petrobras). The initial four-year contract for the Siem Helix 2 has been extended by one year at a reduced rate reflective... Continue Reading →
(Reuters) - Brazil's state-controlled oil company Petrobras (PETR4.SA) has raised prices at least once in the middle of the divestiture process of its largest refineries, frustrating some bidders and delaying the long awaited promise of breaking Petrobras' monopoly in refining, four sources with knowledge of the matter told Reuters. Bidders were surprised by what they describe as... Continue Reading →
(Reuters) - Years after going head-to-head for Brazil's top job, leftist former President Luiz Inacio Lula da Silva is seriously considering ex-rival Geraldo Alckmin as a centrist running mate next year, presenting a "unity" ticket for a divided country, according to Reuters interviews. Five sources close to the politicians, who spoke on the condition of... Continue Reading →
Energy intelligence provider Wood Mackenzie, a Verisk business, believes that the oil and gas sector will continue to rebound in 2022, but the positive outlook will be tempered by concerns about its future. In its Global Upstream Outlook 2022, Wood Mackenzie points out the upstream industry must respond to the implications of the pledges made at COP26 and... Continue Reading →
(PetroNoticias) Petrobras can start the first operational tests to receive natural gas coming from the pre-salt at Gaslub, the former Comperj. The National Petroleum Agency (ANP) has already given the green light and authorized the start of these operations. After this phase, the tests of systems that will use natural gas to generate steam for... Continue Reading →
(Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA (PETR4.SA) expects to sign a deal to sell its TBG natural gas pipeline unit next year, Chief Strategy Officer Rafael Chaves said during a presentation to a Rio de Janeiro industry group on Monday. In August, Reuters reported U.S. private equity firm EIG Global Energy Partners made a... Continue Reading →
American Bureau of Shipping has further developed its approach to aging offshore assets with the publication of the Guide for Life Extension of Floating Production Installations. ABS said that the guidance supported operators looking to extend the operational life of a floating production installation (FPI) by outlining clear Class requirements with a focus on safety. It... Continue Reading →
Brazil Energy Insight 