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The company earned R$94.5 million and recorded net cash above R$450 million in the period PetroReconcavo, one of the leading independent oil and gas operators in the revitalization of mature onshore fields in Brazil, announced its results for the second quarter of 2021 (2Q21). Net revenue was R$ 249 million in the period, a growth... Continue Reading →
Petrobras is working with Japanese engineering company Modec to avoid delays in the implementation of the fifth production platform in the Buzios field, the asset's executive manager said on Monday. The Brazilian state-owned company proposed nine platforms for Buzios, its fastest growing deepwater project, in the 2021-2025 business plan. Four units are already in operation,... Continue Reading →
(Reuters) Rising calls to cut carbon emissions and to reduce global warming could generate more offshore partnerships and increase the output of cleaner oil for Brazil, the production chief of state-controlled Petrobras said in an interview. Brazil oil officials are in Houston at an offshore oil conference shopping for partners to develop deepwater oilfields that... Continue Reading →
Petrobras and Eneva discovered gas fluids in wells 1-BRSA-1380D-RJS and 1-ENV-19-MA, respectively, according to data published by the ANP last Friday. The notification of evidence of hydrocarbons was made to the ANP on August 12, in the case of the state-owned company, and on August 9, in the case of Eneva. Located in the C-M-346... Continue Reading →
Petrobras is preparing to dispose of the remaining subsea structures of the FPSOs Cidade do Rio de Janeiro, Cidade de Rio das Ostras and Piranema, which have already been demobilized from projects in the Campos and Sergipe-Alagoas basins, respectively. The oil company launched a tender to contract engineering, preparation, removal and disposal services (EPRD –... Continue Reading →
Petrobras has awarded Fugro with a three-year contract for subsea inspection, repair and maintenance (IRM) services in Brazil. The contract is set to begin in Q4 2021 and will be carried out from Fugro Aquarius using two Fugro-built 3000-meter work-class remotely operated vehicles (ROVs). The award follows the completion of a previous four-year contract for similar services aboard the same vessel. During the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up the release disclosed on 06/04/2021, informs that the scheduled stoppage of 30 days for maintenance of the Mexilhão platform and the Route 1 gas pipeline, which transports the natural gas produced in Mexilhão and other platforms in the pre-salt and post-salt areas of the Santos Basin, will be... Continue Reading →
Wilson Sons, through its Tugboats unit, participated in the first ship-to-ship offshore operation for the transfer of liquefied natural gas (LNG) through a ULGC (Ultra Large Gas Carrier) gas vessel of the Q-FLEX type in Brazil. The ship is considered one of the largest gas tankers in the world with a capacity of 215,000 m³.... Continue Reading →
(OM) Brazil is expected to contribute around 23% (1.3 MMb/d) of global crude oil and condensate production in 2025 from offshore projects coming onstream between 2021 and 2025, according to GlobalData. The company’s report, ‘Global Offshore Upstream Development Outlook, 2021–2025’, reveals that 1.16 MMb/d of crude and condensate production in Brazil in 2025 is expected from... Continue Reading →
(New Straits Times Press) Yinson Holdings Bhd, through its wholly-owned Singapore-based subsidiary Yinson Production Offshore Pte Ltd (YPO), together with its project partner Sumitomo Corporation (SC), signed a US$670 million syndicated loan facility for the FPSO Anna Nery project, with ING, Natixis and Standard Chartered Bank as underwriting banks. The agreement was also signed by... Continue Reading →
Brazil Energy Insight 