(PetroNoticias) Petrobras hopes to make progress soon with preparations for the start of production of the FPSO P-71 in the Itapu field, in the pre-salt of the Santos Basin. The state-owned company recently asked the Brazilian Institute for the Environment (Ibama) for a license to operate the platform vessel – which should start operating in... Continue Reading →
DOME AND TECHNIPFMC EXTEND SPOOLBASE CONTRACT
(PetroleoHoje) Dome and TechnipFMC agreed to extend the contract for the spoolbase area, at Porto do Açu, for another 20 years. The contract, which had been negotiated since the start of operations at the base in April, should be formalized this week. With the agreement, the deal between the two companies will go into effect... Continue Reading →
Petrobras on Transpetro
Petróleo Brasileiro S.A. – Petrobras informs that the Board of Directors of its subsidiary Petrobras Transporte S.A. (Transpetro) received a letter of resignation from Gustavo Santos Raposo as CEO of the company, with effect from September 24, 2021. Transpetro's Board of Directors will deliberate on the nomination of Transpetro's Service Director, Luiz Eduardo Valente, to... Continue Reading →
EXCLUSIVE JPMorgan faces oil bribery probe in Brazil
Sept 22 (Reuters) - Brazilian authorities are investigating whether JPMorgan Chase & Co (JPM.N) played a role in an alleged bribery and money laundering scheme that dated back to 2011 and involved state-run oil company Petrobras, according to documents reviewed by Reuters and two law enforcement sources. So far, police have focused their attention on purchases of... Continue Reading →
Shell to invest $565 million in renewable energy in Brazil through 2025
(Reuters) - The Brazilian subsidiary of Royal Dutch Shell (RDSa.L) will invest 3 billion reais ($565 million) in renewable energy in the country through 2025, executives said on Tuesday. Most of the capex is related to solar energy projects, the executives said. The head of renewable development for Latin America, Gabriela Oliveira, said Shell has 2GW of... Continue Reading →
Column: Brazil heading for monetary overkill?: Jamie McGeever
(Reuters) - Brazil's central bank has put itself on the front line of the global battle against inflation, but its aggressive monetary tightening risks choking the economy. With annual inflation at 10%, the central bank will fail to meet its 3.75% central target this year and possibly next year's 3.50% goal too. A chronically weak... Continue Reading →
Oil States Brasil signs new contract with Petrobras
(TNPetroleo) Oil States Brasil enters into a new contract with Petrobras for the maintenance and operation of dual bore completion risers, including accessories and peripherals such as elevator, spider, torque wrench, boxes, handling and test tools, adapters, pins, test caps, among others. The contract, which will last for 3 years, will all be performed in... Continue Reading →
Karoon Eyes Growth in Brazil with Own Oil Fields, Acquisitions
Karoon Energy sees strong growth prospects in Brazil, where it started producing oil last year, working to more than double output by 2023 and considering two options to develop another field by mid-decade, its chief executive said on Monday. Karoon produced an average of just over 13,000 barrels per day (bpd) in the eight months... Continue Reading →
Sustainability: Petrobras aims to achieve net zero emissions from operations
Petróleo Brasileiro S.A. - Petrobras announces its ambition to achieve net zero greenhouse gas emissions from operations under its control (scopes 1 and 2), and its intention to leverage its influence to achieve the same in non-operated assets, in a timeframe compatible with that established by the Paris Agreement. The decision is part of the... Continue Reading →
Lula retains solid lead over Bolsonaro for 2022 Brazil race, poll shows
(Reuters) - Brazil's leftist former President Luiz Inacio Lula da Silva remains ahead of far-right President Jair Bolsonaro by a significant margin in voter preferences for the 2022 elections, a survey by pollster Datafolha showed on Friday. Voter support for Lula slipped to 44% from 46% in July, and Bolsonaro gained a percentage point to... Continue Reading →
Brazil Energy Insight 