Forship Engenharia, a Brazilian company that has been operating for more than two decades in the oil and gas sector, with strong expertise in commissioning, maintenance and operation of assets, was selected by Petrobras to operate the utilities plant of the Natural Gas Processing Unit ( UPGN) of the Integrated Route 3 Project, at the... Continue Reading →
EIG sells stake in Gasbol pipeline, eyes more Brazilian investments
(Reuters) - EIG Global Energy Partners has sold its stake in the Brazilian portion of the Bolivia-Brazil natural gas pipeline, widely known as Gasbol, to Fluxys Belgium NV, the chief executive officer of the U.S.-based company said on Tuesday. The sale of EIG’s 27.5% stake in the Brazilian part of the pipeline for an undisclosed... Continue Reading →
Brazil November oil and gas production decreased to 3.550 million barrels of oil equivalent per day
National production in November was 3,550 MMboe / d (million barrels of oil equivalent per day), of which 2,755 MMbbl / d (million barrels per day) of oil and 126 MMm3 / d (million m3 per day) of natural gas. Oil production decreased 4.1% compared to the previous month and 10.9% compared to November 2019.... Continue Reading →
Saipem trials FlatFish subsea drone
Saipem has started the functional tests of FlatFish, the innovative underwater drone for advanced vessel free subsea inspections, based on AI. According to the company, the vehicle is now going to an extensive sea trial campaign. Since March 2018, Shell has been entrusting Saipem with the license to develop the FlatFish technology and qualify it... Continue Reading →
Petrobras on arbitral award
Petróleo Brasileiro S.A. - Petrobras informs that an arbitral panel seated in New York, has issued an award in an arbitration initiated by IESA Óleo e Gás S.A. determining the payment of approximately US$ 37 million, plus interest, by its wholly-owned subsidiary Petrobras Netherlands B.V. (PNBV) and the payment of approximately US$ 33 million, plus... Continue Reading →
China Is Fueling South America’s Oil Boom
Oil demand from China has been one of the few bright spots for a global petroleum industry severely impacted by a long-term global supply glut and the economic fallout from the COVID-19 pandemic. The world’s second-largest economy hunger for energy keeps growing despite the global COVID-19 pandemic and a resultant sharp decline in global economic... Continue Reading →
Petrobras closes equity interest in Sete Brasil Group
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/20/2019, informs that its Dutch subsidiary Petrobras Netherlands B.V. transferred, today, to companies of Sete Brasil Group, for the symbolic total amount of 7 euros, the equity interest of 15% that it held in each of the Dutch special purpose companies controlled by... Continue Reading →
Petrobras on Gaspetro’s divestment
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on November 30, 2020, regarding the divestment of Petrobras Gás S.A. (Gaspetro), informs that it received on 12/22/2020 a letter from the Administrative Council for Economic Defense (CADE) in which the agency attests that the continuation of the company Compass Gás Energia S.A. (Compass)... Continue Reading →
Petrobras Moves European Commercial Activities from London to Rotterdam
Brazilian oil giant Petrobras will concentrate its European commercial activities in Rotterdam. This will result in the transfer of Petrobras Europe Ltd.’s commercial activities from London, England to Petrobras Global Trading B.V. in Rotterdam. The change will start in the next quarter and must be completed by the second half of 2021. The focus on... Continue Reading →
Putting Power on the Seabed: Edging towards a Subsea Powerhouse
Ten years ago, a future where subsea fields and their power-hungry process equipment could be fully electrified, enabling long step-outs to tap remote reserves with lean new infrastructure architectures, lit the fuse for a spate of investment in subsea power distribution.The result, following at least two major joint industry projects (JIP) and tens of millions... Continue Reading →
Brazil Energy Insight 