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Petróleo Brasileiro S.A. – Petrobras informs that in April it registered total diesel sales of around 824,000 bpd, representing 59% growth in comparison with sales in April 2020. In the comparison with April 2019, without the impacts on demand resulting from the pandemic, there was a growth of 12%. Also in April 2021, Petrobras exceeded... Continue Reading →
Petrobras posted solid financial and operating results in 1Q21. Regarding 1Q21 results, Petrobras’ CEO Joaquim Silva e Luna made the following comments: “The figures show the capacity of our team to deliver sustainable results to our investors and to society, even in a challenging environment. Petrobras will continue down the path of value generation, with... Continue Reading →
(PetroNoticias) Açu Petróleo signed a new contract with Petrobras to more than double the volume of oil exported by the oil company at the company's private terminal in Porto do Açu. With the new agreement, the state-owned company will be able to dispose of 240 million barrels of oil, equivalent to 300 thousand barrels per... Continue Reading →
Subsea tree order intake for the second quarter of 2021 is estimated at 82 units, representing 32 per cent of the anticipated 260 units to be awarded in 2021, according to market research provider Westwood. Key projects to watch in 2Q 2021 include Equinor’s Bacalhau and Total’s Lapa South West in Brazil, as well as Shell’s Whale in... Continue Reading →
French oil services group CGG posted a 71% plunge in first-quarter core profit on Wednesday, reflecting a year of drastic spending cuts by the oil industry in the pandemic and sending its shares sharply lower. In a call with analysts, CEO Sophie Zurquiyah said the quarter had been slow as expected, but predicted more spending... Continue Reading →
TGS has commenced the 2D multi-client phase 3 survey in the Pelotas Basin offshore Brazil in the South Atlantic. The survey covers approximately 17,000 line kilometers and works as an extension of the existing TGS Pelotas 2D. According to TGS, this survey is designed to provide high quality 2D data that will enhance geological understanding... Continue Reading →
Shearwater GeoServices has secured a contract by Petrobras to carry out 3D and 4D monitoring for towed streamer seismic acquisition in the Campos Basin offshore Brazil. The 3D and 4D programs will be conducted in a period of nine months by the SW Empress, over the Marlim, Albacora, and Voador fields. The Norway-headquartered seismic exploration company is... Continue Reading →
A string of new projects will help boost revenues at SBM Offshore, the oil and gas services company said on Wednesday, after reporting an expected 15% drop in the first quarter due to weakness at its turnkey business. The Dutch-based company's turnkey division builds and sells floating production and storage vessels to oil and gas... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 03/16/2021, informs that the negotiation with the company Proquigel Química S.A. for the leasing of the TermoCamaçari Thermoelectric Plant (UTE TermoCamaçari), located in the state of Bahia, has ended unsuccessfully. Thus, the company will begin the decommissioning process of UTE TermoCamaçari, whose concession... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed with the Companhia de Eletricidade do Amapá (CEA), a legal agreement for the termination of litigation and credit recovery by Petrobras, recognized in the amount of R$ 314 million. The agreement establishes the payment to Petrobras of R$ 132.6 million unconditionally, to be settled in... Continue Reading →
Brazil Energy Insight 