The finance director of Petrobras, Rodrigo Araújo, revealed that the company received proposals with “substantially lower” values in the sale process of the Presidente Getúlio Vargas Refinery (Repar), located in Paraná. Within the company's divestment program in the refining segment, this transaction is behind in relation to other negotiations, as detailed during a virtual conference... Continue Reading →
Subsea 7 sees continued pickup offshore Brazil, GoM
(Offshore) Subsea 7 has issued updates on its offshore energy activities in its 2Q results review. Subsea 7 has issued updates on its offshore energy activities in its 2Q results review. Offshore China, the company completed work on CNOOC’s Lingshui project using the Seven Borealis and Seven Eagle vessels. In the Norwegian sector, the Seven Arctic installed umbilicals for Aker BP’s Ærfugl Phase 2-Skarv tieback... Continue Reading →
Prysmian inks €66M subsea umbilicals deal with Petrobras
Italian cabling company Prysmian Group has secured a new contract with Petrobras to deliver deep-water electro-hydraulic umbilicals and specialized offshore and logistic services. As part of the contract, Prysmian will provide 200 kilometres of subsea umbilicals using both steel tube and thermoplastic technology for upgrades in brownfield and greenfield projects in Brazil. The €66 million... Continue Reading →
Petrobras Earnings Jump on Oil Rally and Brazil Water Crisis
(Bloomberg) -- Brazil’s state-controlled oil company saw its earnings surge in the second quarter, thanks to a rally in crude prices and a hydropower crunch in Brazil that boosted electricity demand. Since late last year, Petrobras has sold more fuel oil domestically and increased output at its own thermal power plants, part of a wider... Continue Reading →
ANTÔNIO GUIMARÃES WILL BE THE NEW PRESIDENT OF KAROON BRASIL
Executive Antônio Guimarães will assume command of the Brazilian arm of the oil company Karoon Energy. He was announced as the company's new president this week and will take over on Oct. 1, replacing Tim Hosking - who steps down after a 12-year stint. Guimarães starts to command the company at a time of expansion... Continue Reading →
PETRORIO IS READY TO TAKE THE NEXT STEPS OF GROWTH, SAYS THE PRESIDENT
(Valor) The president of PetroRio, Roberto Monteiro, said that the company “is ready” to take its next steps in growth. The oil company ended the second quarter with a cash position of R$4.53 billion, after issuing US$600 million in bonds in the period. Among PetroRio's new steps, the company expects to start drilling in 2022... Continue Reading →
CONSORTIUM OF COMPANIES AHEAD OF PROJECT MERO ANNOUNCES INVESTMENTS FOR ITS FOURTH PHASE
The consortium of companies in charge of the Mero project (Bloco de Libra), announced the investment decision for its fourth phase. Located in deep waters, 180 kilometers off the coast of Rio de Janeiro, the block is located in the pre-salt area of the Santos Basin. The FPSO Mero 4 will have a capacity of... Continue Reading →
Dyna-Mac gets order to build Sepetiba FPSO topside modules
Singapore’s Dyna-Mac has secured a fabrication project from a Chinese company for a total provisional contract sum of S$114 million (about $84.3 million). The fabrication project was awarded to Dyna-Mac by China Merchants Heavy Industry (Jiangsu) Co. Ltd. (CMHI). The contract with CMHI is for the supply, fabrication, and construction of topside modules to be executed... Continue Reading →
PETROBRAS LAUNCHES TENDER FOR THE PROVISION OF GOODS AND SERVICES FOR ONSHORE SECTION OF ROUTE 3
(PetroNoticias) In preparations for the start of operation of the long-awaited Route 3 gas pipeline, Petrobras launched a new nationwide tender for the provision of services and supply of goods involving the onshore stretch of the line. The activities involve commissioning, pre-operation, departure and assisted operation of the onshore portion of Route 3. The bidding... Continue Reading →
Enauta to return block in Ceará Basin to ANP
Oil company Enauta informed that it will return the CE-M-661 block, located in the Ceará Basin, after the end of its first exploratory period on site in November this year tothe National Petroleum, Natural Gas and Biofuels Agency (ANP). The company had acquired a 25% stake in the asset in a bidding round held in... Continue Reading →