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(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) announced late on Wednesday it will provide 300 million reais ($56.23 million) to a 15-month social program that aims to help low-income families to buy cooking gas. The move comes as Brazil faces a rising inflation boosted by high energy and food prices, which has been affecting President Jair... Continue Reading →
The Brazilian Institute for the Environment (IBAMA) this week granted a license that authorizes the carrying out of 4D seismic surveys in the Roncador and Albacora Leste fields, in the Campos Basin. The document will be valid for one year and eight months. The seismic study may rely on one of the following vessels: MV... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that on Monday, 09/27, gas production was halted at the Manati field, located in the Camamu Basin, in the state of Bahia, due to a leak in the onshore portion of its export pipeline. The pipeline's operation was interrupted, with teams being mobilized for repairs, and is expected to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up the release disclosed on 08/24/2021, informs that the partner CNOOC Petroleum Brasil Ltda. (CNOOC) expressed interest in exercising the option to purchase an additional share of 5% in the Production Sharing Contract of the Transfer of Rights Surplus, for the Búzios field, in the Santos Basin pre-salt area.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the risk rating agency Moody's raised its credit profile by one notch, from "Ba2" to "Ba1", with a stable outlook. The agency also raised the company's stand-alone credit profile (intrinsic risk) by one notch, from "ba2" to "ba1". With this upgrade Petrobras is rated one notch above the... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following the release disclosed on August 26, 2021, informs that today it signed with Excelerate Energy Comercializadora de Gás Natural Ltda. (Excelerate) the lease contract of the LNG Regasification Terminal of Bahia (TR-BA) and associated facilities, in the amount of approximately R$ 102 million, effective until December 2023, in addition... Continue Reading →
DNV introduced a new class notation, Abate, designed to help owners and operators of offshore floating facilities identify and implement measures to reduce greenhouse gas (GHG) emissions. Altera Infrastructure, the first company to adopt the solution, has incorporated the notation into the FPSO "Petrojarl Knarr", with successful results so far. The International Maritime Organization (IMO)... Continue Reading →
Brazilian oil firm Enauta has said production from the Manati offshore field in Brazil was stopped preventively on Monday due to small gas leakage in the inland pipeline between the compression station and the gas treatment station. "The operator is assessing the causes of this incident, resumption still will be estimated. The Company will keep... Continue Reading →
(Reuters) - Brazil's central bank weighed accelerating the world's most aggressive monetary tightening, minutes from its last policy meeting showed on Tuesday, but uncertainty about a post-pandemic rebound led it to stay the course on 100-basis-point rate hikes. The minutes of the Sep. 21-22 meeting, when the bank raised its Selic policy rate to 6.25%,... Continue Reading →
(PetroNoticias) Eneva inaugurated the Azulão Gas Treatment Unit (UTG), which is part of the Azulão-Jaguatirica integrated project, in the city of Silves, in the interior of Amazonas. This is the first gas producing area in the Amazon Basin. Azulão was discovered by Petrobras in the 1990s and declared commercial in 2004, but had never produced.... Continue Reading →
Brazil Energy Insight 