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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 →
(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 →
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 →
(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$971 million spent in the 3rd quarter of 2020. When comparing the first nine months of 2021 with the same period... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it will once again integrate the Dow Jones Sustainability Index World (DJSI World) of S&P Global's Corporate Sustainability Assessment. Petrobras received the highest score in the Materiality, Environmental Report, Water-Related Risks and Social Report criteria. The company also stood out in the criteria of Climate Change, Operational Eco-efficiency,... Continue Reading →
Malaysian FPSO supplier Yinson has signed two letters of intent with by Brazilian oil company Petrobras for the charter, operations and maintenance of Integrado Parque das Baleias (“IPB FPSO”), a floating, production, storage, and offloading vessel in the North Campos Basin, offshore Brazil. "The LOIs were issued to Yinson Production Pte Ltd, an indirect wholly-owned... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed today a Letter of Intent with Yinson Production PTE Ltd. for the chartering and provision of FPSO services for the Parque das Baleias Integrated Project, to be installed in the Jubarte Field, located in the northern part of the Campos Basin. The FPSO, which stands for... Continue Reading →
(PetroleoHoje) The consortium formed by ExxonMobil (50%), Enauta (30%) and Murphy (20%) should drill the first well in the Cutthroat prospect, in the Sergipe-Alagoas Basin, still in 4Q21. Enauta will invest US$ 8 million in this well. The prospect to be drilled in the SEAL-M-428 block extends to the SEAL-M-351 block, which has the same... Continue Reading →
(Valor) 3R Petroleum released its production data for the month of October. According to the company, the consolidated average daily production of the Macau, Rio Ventura and Pescada clusters was 7,630 barrels of oil equivalent (boed). The portion referring to the participations of 3R reached a production of 6,666 boed. The company points out that... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at a meeting held today, approved the dismissal of Roberto Furian Ardenghy from the position of Institutional Relations and Sustainability Officer, as of 12/15/2021. Rafael Chaves Santos was elected for this position and will take office on 12/16/2021. Rafael Chaves Santos is an engineer,... Continue Reading →
Brazil Energy Insight 