Petróleo Brasileiro S.A. – Petrobras clarifies pieces of news published in the media about the increase in its Capex in the 2022-26 Strategic Plan. The Company informs that the values mentioned in the articles are close to the values of the studies assessed by the Executive Board. However, the Strategic Plan is still being analyzed... Continue Reading →
Petrobras on the result of an exploratory well in the Santos Basin
Petróleo Brasileiro S.A. – Petrobras informs that it has identified the presence of hydrocarbons in the Santos Basin pre-salt, in a pioneer well in the Aram block. Well 1-BRSA-1381-SPS (Curaçao) is located 240 km from the city of Santos-SP, at a water depth of 1,905 meters. The oil-bearing interval was verified through wireline logging and... Continue Reading →
Petrobras to raise capex to $60-$70 bln in 2022-2026 plan -sources
(Reuters) - Petroleo Brasileiro SA (PETR4.SA) is expected to commit between $60 billion and $70 billion in capital expenditure (capex)in its next multi-year business plan as Brazil's state-controlled oil company focuses on exploration and production in subsalt areas, two sources said on Thursday. The 2022-2026 Petrobras plan, to be released on Nov. 25, is in the final... Continue Reading →
3R Petroleum Change on Equity Interest
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), in compliance with provisions of article 12 of CVM Resolution No. 44, communicates to its investors and the market in general that received on this date, notice from Banco BTG Pactual S.A. (“BTG Pactual”) informing about the change of its equity interest in the Company. BTG... Continue Reading →
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 →
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 →
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 →
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 →
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 →
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 →
Brazil Energy Insight 