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Petróleo Brasileiro S.A. – Petrobras, reinforcing the growing importance of the transition to low carbon in the company, informs the creation of the Climate Change Executive Management, which will be responsible for leading actions related to carbon management, reduction of air emissions, energy efficiency and climate change. The new structure will be linked to Mr.... Continue Reading →
The term of reference (TR) for offshore wind farms is now available to interested companies, according to Ibama's environmental licensing coordinator, Roberta Cox. The official release of the document is scheduled for November. The TR presents reference information and guidelines for the preparation of the Environmental Impact Study and the Environmental Impact Report (EIA /... Continue Reading →
Enauta evaluates closing the Atlanta field operations, in the Santos Basin post-salt, after Barra Energia informs that it will abandon the asset. An alternative is to take 100% of the field. The decision should be taken by the end of this month, Enauta reported today. - “Enauta had already been revising the project in order... Continue Reading →
South America’s offshore output is on track to surpass volumes coming from North America by 2024, energy intelligence group GlobalData said Tuesday. While several projects in Brazil and Guyana have taken final investment decision (FID), and are less likely to be postponed or suspended, offshore US and Mexico tell a different story, GlobalData says. Key... Continue Reading →
Solstad Offshore said that Petrobras has extended the current contract of RSV Far Saga for a period of one year and picked up another vessel for operations in Brazil. According to Oslo-listed Solstad, the contract starts on Friday, 30 October 2020. The Far Saga has been operating in Brazilian waters since 2014. In addition, Petrobras has confirmed the... Continue Reading →
Petrobras and some of its partners see an opportunity to create a spin-off company, with resources from the private sector, to work on the construction of new gas pipelines in the country. The information was revealed by the president of the Brazilian state-owned company, Roberto Castello Branco, during a conference call with investors. As a... Continue Reading →
(Reuters) - Petrobras is in the advanced stages of several major divestments, executives said on Thursday, indicating that the company’s ambitious deleveraging program may quicken after a pause during the worst of the coronavirus outbreak in Brazil. Speaking to analysts following the company's third-quarter results, executives at Petroleo Brasileiro SA PETR4.SA, as the state-run oil firm... Continue Reading →
Petrobrás is on a constant path to reduce its oil extraction costs even more, especially in the challenging scenario that operators are facing in the pandemic scenario. Over the past few months, the Brazilian company has managed to go further in this objective, reducing the cost of extraction in the pre-salt layer to U$ 2.27... Continue Reading →
MAN Energy Solutions will supply five radial compressor and two screw compressor trains for the Bacalhau FPSO, under the contract with the Japanese FPSO specialist MODEC. The compressor trains will be installed aboard the FPSO that will be used to produce oil for Equinor at the Bacalhau field, about 185 kilometers off the Brazilian coast... Continue Reading →
In November 2007 Brazil’s national oil company, Petrobras, shocked the E&P world by announcing a 5-to-8-Bbbl discovery in a completely unknown geological play: carbonate reservoirs below a 2-km layer of salt, offshore Brazil, in a 2,000-m water depth. This announcement marked the beginning of a complete turnaround in the history of Brazil’s oil and gas... Continue Reading →
Brazil Energy Insight 