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The economic recovery of Brazil’s ultra-deepwater oil and gas market is underway, according to a recent report by Evercore ISI. In its latest Offshore Rig Market Snapshot (July 2021), the consulting firm noted that three term floater contracts were signed for Brazil over the week ending July 15, with Petrobras renewing two ultra-deepwater drillships and... Continue Reading →
(Reuters) - Funds and speculators on U.S. futures markets are their most bullish on the Brazilian real in more than four years, data showed, attracted to the currency by the recent surge in 2021 interest rate and economic growth expectations. The near-record positioning, however, suggests the real will struggle to rally further from here, as... Continue Reading →
(epbr) The investments announced for the construction of plants producing green hydrogen (H2V) in Brazil already total more than US$ 22 billion, all concentrated in ports — Pecém, in Ceará, Suape, in Pernambuco, and Açu, in Rio de Janeiro. These ports combine a series of strategic factors for the development of the new H2V chain,... Continue Reading →
Fully electrical completion of wells is the main focus of the two companies, which combine expertise to provide integrated solutions in this area Ouro Negro and Superior Energy Services announce a strategic partnership to provide integrated solutions in the area of wells, especially in more complex environments, such as pre-salt and ultra-deep waters. By adding... Continue Reading →
Norwegian offshore vessel operator DOF has secured contracts in Brazil for two of its anchor handling tug supply vessels. The company has won contracts through its Brazilian subsidiary Norskan The Skandi Paraty vessel, with an ROV onboard operated by DOF Subsea Brasil, has been awarded a one-year contract extension with Petrobras until July 2022. The... Continue Reading →
DOF Subsea has mobilized Skandi Neptune for the ocean bottom node (OBN) 4D seismic campaign on the Jubarte field in the Campos Basin offshore Brazil. As reported in May, Skandi Neptune will support the seismic surveys that Shearwater GeoServices will carry out on Petrobras’ Jubarte, Tupi and Iracema fields. The vessel and the team will first... Continue Reading →
The Abreu e Lima Refinery (RNEST) begins its first scheduled maintenance shutdown since the unit began operating in 2014. Planned to meet regulatory standards, and essential for the refinery's operational safety, the shutdown will include the maintenance of practically all of the refinery's equipment, such as compressors, engines, vessels, heat exchangers, valves, reactors and others,... Continue Reading →
Aker Solutions reported an order intake of NOK 12.2 billion in the second quarter of 2021, said to be the strongest in several years, of which about 60% is related to energy transition work. Aker Solutions saw its orderbook go up almost 30% in Q2 2021 compared to the same period last year, equaling 1.8... Continue Reading →
Japan’s MODEC and Toyo Engineering Corporation (TOYO) are entering into talks to study an alliance for FPSO vessels. MODEC said on Thursday that the two companies have reached an agreement to execute a Memorandum of Understanding (MOU) to enter into discussions and to conduct the Feasibility Study (FS) regarding the alliance in the Engineering, Procurement,... Continue Reading →
(Valor) 3R Petroleum reported on Wednesday that the production of the Macau cluster, equivalent to the company's share, was 5.18 thousand barrels per day in June, and 5.21 thousand barrels equivalent in the second quarter of 2021, considering oil and gas . Total production at Polo Macau was 5.65 thousand barrels per day in June... Continue Reading →
Brazil Energy Insight 