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Mitsui evaluates to sell its 49% stake in Gaspetro, a holding company with a stake in 19 gas distributors in the country. Gaspetro is controlled by Petrobras, with 51%, a stake that is being sold by the state oil company. Value Information. - As a partner, Mitsui has preemptive rights in the purchase, but would... Continue Reading →
Brazilian offshore support vessel operator CBO has tasked maritime equipment manufacturer Wärtsilä, based in Finland, to convert one of its offshore vessels to operate with hybrid propulsion. The vessel selected for the upgrade is the 2012-built platform supply vessel CBO Flamengo. According to Wärtsilä, the CBO Flamengo will be the first vessel in Brazil and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on July 21 and 29, August 26 and October 9, 2020, hereby informs that a judicial decision was issued at the end of yesterday, by the 5th Business Court of Rio de Janeiro, which annulled, due to serious flaws and improprieties, the partial sentence... Continue Reading →
A joint venture between Brazil’s Ocyan and Altera Infrastructure (formerly Teekay) has been awarded a contract by Karoon for the charter of the FPSO Cidade de Itajaí, which is operating on the Baúna field offshore Brazil. As previously reported, Karoon has finally taken over the operatorship of the Baúna field, located in the Santos Basin offshore Brazil.... Continue Reading →
Baker Hughes, Halliburton and Schlumberger signed Bacalhau well contracts with Equinor , in the Santos Basin pre-salt. According to the operator, the average local content is estimated at 74%. - The total value of the services is of the order of US $ 455 million, with a firm term of 4 years and two options... Continue Reading →
Ocean bottom seismic company Seabed Geosolutions said Monday it had secured a contract for a baseline 4D ocean bottom node (OBN) survey as well as a future 4D monitor OBN survey in Brazil for Petrobras, both covering the Sapinhoa Shared Reservoir in the Santos Basin. The baseline survey will use Eidesvik Offshore's Subsea Viking vessel,... Continue Reading →
(Reuters) - As Brazil's state-controlled Petrobras PETR4.SA rapidly boosts oil output and exports, executives are looking to a new market: India. In an interview as part of the Reuters Commodity Trading Summit, Chief Executive Roberto Castello Branco said that crude sales to China - an increasingly vital export market for Brazilian oil - would continue to rise... Continue Reading →
(Reuters) - Petrobras is expected to receive binding proposals on December 10 for its refinery in Rio Grande do Sul, Refap, from the Indian conglomerate Essar Group and local companies Raízen and Ultrapar Participações among potential stakeholders , said people involved in the negotiations. All three companies were pre-qualified for the binding phase of the... Continue Reading →
Australian player Karoon Energy has completed the acquisition of a 100 per cent operating interest in the Baúna field, located in the Santos Basin offshore Brazil, which will see it transform from an oil and gas exploration company into an oil production company. To remind, Karoon in July 2019 presented the high bid in the process to... Continue Reading →
Offshore accommodation specialist Prosafe has won a contract extension with Brazil's Petrobras for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. The original three years and 222-day firm period were due to complete in July 2020, but the extension will result in operations through to mid-November 2021, Oslo-listed... Continue Reading →
Brazil Energy Insight 