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The pre salt Buzios field produced 709,697 Mboe/d (one thousand barrels of oil equivalent per day) in September, with 566,196 Mbbl/d of oil and 22,815 MMm3 of natural gas. As of this month, the field's production began to be assigned to two separate contracts, one for transfer of rights and the other for sharing, arising... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras clarifies that, due to news released in the media recently, consulted its controlling shareholder on the existence of information to be disclosed to the market in accordance with the CVM Resolution 44/2021. In communication received on 11/03/2021, the Ministry of Mines and Energy (MME) responded to the consultation stating that... Continue Reading →
Brazilian oil company Petrobras has extended the contract with offshore accommodation firm Prosafe for the use of the Safe Notos semi-submersible flotel. Petrobras will use the Safe Notos for safety and maintenance support offshore Brazil. The original three years and 222-day firm period was due to complete in July 2020, had previously been extended through to mid-November... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on June 1, 2015, informs that it has returned to the membership of the Brazilian Institute of Corporate Governance (IBGC). Petrobras was a member of IBGC from 2002 to 2015 and its return to the membership was possible due to several improvements and governance... Continue Reading →
The list of the first companies that were approved for the second auction of surpluses from the Transfer of Rights, scheduled for December 17th, was released. The Special Bidding Commission of the National Petroleum Agency (CEL/ANP) gave the approval to eight companies during a meeting held this week. According to the regulatory body, the list... Continue Reading →
Completion of the tieback between the Polvo and Tubarão Martelo fields, in the Campos Basin, allowed for a reduction in operating costs ("OPEX") of US$ 50 million per year The third quarter results evidenced PetroRio's successful strategy of increasing production levels and rationalizing costs, with excellence in environmental responsibility, safety and operational efficiency. The largest... Continue Reading →
The governor of Ceará, Camilo Santana in Munich, Germany, an agreement with the German multinational Linde to implement a green hydrogen plant in Ceará. The largest global company in the production of industrial gases and engineering, Linde is represented in South America by White Martins. This is the 12th memorandum of understanding signed by Ceará... Continue Reading →
With the largest fleet of tugs in Brazil, the company stands out in towing operations for the O&G sector With the recent demand and oil prices recovery in the international market, large companies are starting to move forward with new projects. A study carried out by Wilson Sons, the largest integrated operator of port and... Continue Reading →
(PetroleoHoje) ExxonMobil is planning higher capex for the year 2022 due to the Yellowtail and Bacalhau projects, located in Guyana and Brazil, respectively, said senior vice president and CFO Kathy Mikells. If approved by Exxon's board of directors, next year's capex will jump from the current level of $16 billion to $19 billion to $20... Continue Reading →
(Reuters) - Finding themselves at the sharp end of a global inflation shock, emerging market central banks are expected to raise interest rates at a pace not seen in more than a decade -- moves bound to aggravate debt problems and hurt equity markets. Soaring price pressures have seen rate hike expectations shift up even... Continue Reading →
Brazil Energy Insight 