Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), in accordance with art. 26 of the Novo Mercado Regulation, and in addition to the Material Fact of March 04, 2021, informs shareholders that the country’s National Petroleum, Gas and Biofuels Agency (“ANP”) has approved the acquisition of 28.6% in the BM-C-30 Block (“Wahoo” or “Wahoo Field”)... Continue Reading →
French group Qair announces new investment in green hydrogen and offshore wind energy in Brazil
The French alternative energy company Qair has signed a memorandum of understanding with the Brazilian state of Ceará for an investment of 5.85 billion euros for the production of green hydrogen and offshore wind energy. In a statement, the Government of Ceará and Qair Brasil indicated that both projects will generate 2,600 jobs and increase... Continue Reading →
PLATFORM P-76 IN BUZIOS SENDS GAS TO THE CONTINENT
(PetroNoticias) The P-76 platform is the second production unit in the Buzios field, in the Santos Basin, to send natural gas to the continent. The activity started in June and announced today by Petrobras. The operation began after the interconnection of the ship-platform to the gas pipeline known as Rota 2, which transports production to... Continue Reading →
EXCLUSIVE Brazil’s Petrobras price hikes show company’s independence -CEO
(Reuters) - Brazil President Jair Bolsonaro was not consulted or informed about state oil giant Petrobras' (PETR4.SA) decision this week to raise fuel prices, which underscores the company's independence, Chief Executive Joaquim Silva e Luna told Reuters on Wednesday. The ex-army general chosen in April by Bolsonaro to lead the company said there has not been and... Continue Reading →
Solstad Secures Contracts for Several PSVs, Anchor Handlers
(OE) Norwegian offshore vessel owner Solstad Offshore said Wednesday it had won multiple vessel contracts and extensions, with a duration of the contracts of around 1,000 vessel days in total. Solstad's platform supply vessel Normand Leader has been contracted to support a project offshore Australia. The contract is scheduled to start in Q3 2021 and... Continue Reading →
Market shareholders in Petrobras put forward three board candidates
(Reuters) - Minority shareholders in Brazil's Petrobras have presented three candidates for the company's board of directors in the lead-up to the second extraordinary shareholders' meeting in just a few months, the state-run oil company said on Wednesday. José João Abdalla Filho, Marcelo Gasparino da Silva and Pedro Rodrigues Galvão de Medeiros were put forth... Continue Reading →
PETROBRAS ANNOUNCES INVESTMENTS FOR REDUC AND REVAP AND FORESEES R$ 2.5 BILLION FOR THE REFINING SEGMENT
Determined to increase its production capacity of Diesel S-10 in the coming years, Petrobras announced new investments in the Duque de Caxias (Reduc) and Henrique Lage (Revap) Refineries. Previously, the company had already announced that it would expand another of its plants, the Paulínia Refinery (Replan). The state-owned company claims that the refining segment will... Continue Reading →
Constellation drillship lands three-year gig with Petrobras
Brazilian drilling contractor Constellation Oil Services has been awarded a three-year contract for a drillship from compatriot oil company Petrobras. Constellation said on Tuesday that the drillship Laguna Star was awarded a contract with Petrobras for a duration of 1,095 days with operations on the Brazilian coast expected to start in January 2022. The rig... Continue Reading →
Petrobras informs about adjustments in natural gas contract prices for distributors
Petróleo Brasileiro S.A – Petrobras informs that, in accordance with the contracts in effect, it will adjust, as of August 1, 2021, the natural gas sale prices for distributors. The variation results from the application of the supply contract formulas, which link the price to the oil price and the exchange rate. The contract prices... Continue Reading →
Enauta shuts down two wells on Atlanta field due to pump failure
Brazilian oil and gas company Enauta has stopped production at two of its three wells in the Atlanta field, located in Block BS-4 offshore Brazil. Enauta said on Monday that production from its Atlanta field offshore Brazil was affected by a failure in the pumping system at two wells. According to the information provided by... Continue Reading →
