Multiple Subsea 7 vessels at work on major offshore projects

Subsea 7 has issued an update on its offshore oil and gas/wind projects in its latest results statement. The Subsea and Conventional business unit has been progressing engineering and procurement for the Sangomar, Barossa and Bacalhau oil/gas projects, and has started engineering for TPAO’s deepwater Sakarya gas project offshore Turkey. Offshore Norway, three of the company’s reeling vessels, Seven Vega, Seven Oceans, and Seven Navica, laid... Continue Reading →

November 18, 2021 0

Vallourec to Relocate Oil & Gas Ops to Brazil, Dispose of German Assets

French steel pipemaker Vallourec narrowed on Wednesday its full-year EBITDA guidance and said it plans to launch the disposal process for its German assets as well as relocate its oil & gas activities to Brazil. "Our German operations continue to underperform," Vallourec's chairman and CEO, Edouard Guinotte, said in a statement. Once the disposal program... Continue Reading →

November 18, 2021 0

Aker Solutions’ subsea production system for Mero 4

Aker Solutions has secured a contract with Petrobras to provide a subsea production system and related services for the Mero 4 project offshore Brazil. Aker Solutions will deliver a subsea production system consisting of up to 13 vertical subsea trees designed for Brazil’s pre-salt, including subsea distribution units, subsea control modules, and master control station for... Continue Reading →

November 18, 2021 0

Second Round of the Transfer of Rights has a total of 11 qualified companies

(TNPetroleo) The Second Round of Bidding for the Excess Volumes of the Transfer of Rights has 11 companies registered and is scheduled for Dec. 17th. Yesterday another company was approved by the Special Tender Committee (CEL): QP Brasil Ltda (Qatar Petroleo). Another ten companies are also eligible for bidding, having been approved at previous CEL... Continue Reading →

November 17, 2021 0

VIBRA ENERGIA WANTS TO SELL ES GAS IN THE FIRST HALF OF 2022

(PetroleoHoje) Vibra Energia (former BR Distribuidora) plans to sell the Espírito Santo government's stake in ES Gas, the disinvestment in the state distributor is scheduled for the first half of 2022, said the company's president, Wilson Ferreira Jr.. In September, the state government signed a contract with BNDES to carry out studies aimed at modeling... Continue Reading →

November 17, 2021 0

Vestas intends to be an important player in the Brazilian offshore wind energy market

(Valor) World leader in wind turbines, Danish Vestas intends to be an important player in the Brazilian offshore wind energy market. This new front has started to engage and should gain regulation by the end of the year. In an interview to Valor, the company's global CEO, Henrik Andersen, highlighted offshore wind and green hydrogen... Continue Reading →

November 17, 2021 0

No Plans to Join OPEC, Brazil’s Energy Minister Says

Brazil has no plans to join the Organization of the Petroleum Exporting Countries (OPEC) for now, although it is working with the producer group, its energy minister said on Wednesday. Brazilian President Jair Bolsonaro said in 2019 he wanted his country to join OPEC, a move that would likely require Brazil, a growing producer and... Continue Reading →

November 17, 2021 0

Analysis: Will gasoline prices drop in 2022? It depends on OPEC and U.S. shale

(Reuters) - Whether fuel pump prices fall in 2022 depends on two groups of producers who are struggling to increase oil output in the wake of the pandemic: OPEC and its allies and U.S. shale firms. The global oil industry's slow response to the surging demand in 2021 has contributed to soaring energy costs and... Continue Reading →

November 17, 2021 0

SBM ADVANCES IN THE CONSTRUCTION OF FPSOS FOR BRAZIL, BUT FEELS IMPACTS OF THE SUPPLY CHAIN

With an important portfolio of projects for the Brazilian market, SBM Offshore is advancing in the construction of three FPSOs for the country. Despite facing logistical challenges caused by the covid-19 pandemic, the Dutch company achieved two important milestones in the works of the platform ships Almirante Tamandaré (Buzios 6) and Alexandre de Gusmão (Mero... Continue Reading →

November 16, 2021 0

Petrobras’ expenses with interest and debt charges fall by more than 30% in 12 months

(TNPetroleo) Petrobras is significantly reducing the amount of interest and charges on its financial debt. Expenses with these financings dropped to US$ 669 million in the 3rd quarter of 2021, 31.1% lower than the US$971 million spent in the 3rd quarter of 2020. When comparing the first nine months of 2021 with the same period... Continue Reading →

November 16, 2021 0

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Category: Brazil

Multiple Subsea 7 vessels at work on major offshore projects

Vallourec to Relocate Oil & Gas Ops to Brazil, Dispose of German Assets

Aker Solutions’ subsea production system for Mero 4

Second Round of the Transfer of Rights has a total of 11 qualified companies

VIBRA ENERGIA WANTS TO SELL ES GAS IN THE FIRST HALF OF 2022

Vestas intends to be an important player in the Brazilian offshore wind energy market

No Plans to Join OPEC, Brazil’s Energy Minister Says

Analysis: Will gasoline prices drop in 2022? It depends on OPEC and U.S. shale

SBM ADVANCES IN THE CONSTRUCTION OF FPSOS FOR BRAZIL, BUT FEELS IMPACTS OF THE SUPPLY CHAIN

Petrobras’ expenses with interest and debt charges fall by more than 30% in 12 months

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