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Leveraged by the pre-salt, Brazil was the fifth country that most increased oil production between 2011 and 2019, in the world. One of the main highlights of oil geopolitics in the decade of 2010, the expectation is that Brazil's relevance in the global market will increase even more in the coming decades. Valor’s Survey, based... Continue Reading →
(Reuters) - A consortium formed by Brazil's 3R Petroleum and DBO Energy, linked to Norway, is in bilateral negotiations with Petrobras to acquire a group of offshore natural gas fields, according to two sources with direct knowledge of the subject. The Peroá Cluster, located on the coast of Espírito Santo, would be among the first... Continue Reading →
Malaysia's Yinson said its floating production, storage and offloading unit (FPSO) Anna Nery sailed away from the Cosco Qidong shipyard in Jiangsu, China and has entered drydock at the Cosco Changxing shipyard in Shanghai, marking the next phase of the FPSO construction. FPSO Anna Nery, which is being built from a converted tanker Falcon, is Yinson’s first... Continue Reading →
National Petroleum Agency (ANP) made an announcement related to the Second Permanent Offer Cycle, which had six more companies registered. The new companies approved for the cycle, scheduled for December, are: ETEP Indústria Metalúrgica, CE Engenharia, Equinor Brasil Energia, Phoenix Oil & Natural Gas, Subtec Serviços and Tarmar Energia. With these new approvals, the second... Continue Reading →
The conclusion of the operation by which Petrobras PETR4.SA negotiated the sale of its Liquigás liquefied petroleum gas distribution unit to a group formed by Copagaz, Itaúsa and other companies will depend on an agreement with the Brazilian regulatory agency CADE. As published in the Official Gazette, the General Superintendence of the Administrative Council for... Continue Reading →
Tobias Cepelowicz and Roberto Jessourun are no longer heading the Ventura group (Petroserv). After almost five decades, the command of the rig and FPSOs company was transferred to Nelson Oliveira, executive of Geribá Investimentos, in the midst of a broad internal restructuring process, whose focus is to remedy the group's financial situation. Source: PetroleoHoje
Petróleo Brasileiro S.A. – Petrobras reports that in September, for the fourth month in a row, it surpassed the record production of S-10 low sulfur diesel, reaching the 1.89 million m³ mark. Also in September, Petrobras reached the sales record of the same product when 1.91 million m³ were sold. The growth in production of the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras reports that it will release its quarterly production and sales report on October 20th, 2020 and its financial performance report on October 28th, 2020, after the markets close. On October 29th, 2020 two webcasts will be held, the first in Portuguese and the second in English, to present the company's... Continue Reading →
TechnipFMC delivered the last of 127 wet Christmas trees (ANMs) contracted by Petrobras in 2012 for pre-salt projects, the company announced on social media on Monday (5/10). The $ 1.5 billion contract was signed with FMC Technologies, which merged with Technip in 2017. Source: PetroleoHoje
Karoon Energy intends to conclude, with Petrobras, the acquisition of the Baúna field, in the Santos Basin, in the second half of October, the oil company said on Monday. The Australian company depends on the endorsement of the ANP and the transfer of a contract from the FPSO Cidade de Itajaí, which operates in Baúna,... Continue Reading →
Brazil Energy Insight 