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August 7, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on 06/26/2020, informs the beginning of the binding phase, referring to the sale of its entire stake in a set of seven onshore production concessions (Urucu Cluster), located in the Solimões Basin, in the state of Amazonas. Potential buyers qualified... Continue Reading →
Malaysian FPSO provider Yinson has awarded Royal IHC a contract for the supply of a tandem mooring and offloading system and a riser pull-in system for the Anna Nery FPSO. Royal IHC said that the equipment would be placed onto the Anna Nery floating production, storage, and offloading (FPSO) vessel on behalf of Yinson. Continue... Continue Reading →
On target despite global disruption August 6, 2020 Highlights Effective response to COVID-19 and oil price crises Successfully maintaining focus on health and safety of staff and business continuity Adapting the organization to ensure flexibility, performance and competitiveness Financial results in line with expectation 2020 Directional1 EBITDA guidance increased from “around” to “above” US$900 million... Continue Reading →
August 5, 2020 Petróleo Brasileiro S.A. – Petrobras reports that the platforms (P-74, P-75, P-76 and P-77) installed in the Búzios field, in the Santos Basin pre-salt, reached new monthly production records in July, of 615,000 barrels of oil per day (bpd) and 765,000 barrels of oil equivalent per day (boed). The Búzios field, discovered... Continue Reading →
August 5, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 01/03/2020, informs that it signed today with Centro Oeste Óleo e Gás Ltda. an agreement for the sale of its entire stake in the Dó-Ré-Mi onshore field, located in the Sergipe-Alagoas Basin, in the state of Sergipe. The sale value... Continue Reading →
UK-based offshore energy equipment maker Subsea Energy Solutions is expanding into Brazil following signing a sales agreement with Marine and Offshore Partners. Subsea Energy Solutions said Wednesday that Rio-based M&O Partners would help it develop new relationships and business development with multinational operators such as Petrobras. Continue reading
Offshore oil industry supplier Ocyan plans to participate in bids for much bigger platforms than it currently has in Brazilian waters, the world’s largest market for floating platforms, Chief Executive Roberto Bischoff told Reuters. He said Ocyan is eyeing contracts potentially worth hundreds of millions of dollars for deepwater platforms serving state-run oil company Petroleo... Continue Reading →
August 4, 2020 Petróleo Brasileiro S.A. – Petrobras, further to the notices to the market dated June 22, 2020 and July 21, 2020, hereby announces that the 1st Business Court, which deals with Conflicts related to Arbitration of São Paulo has extinguished the action for specification of judicial mortgage filed by Caixa de Previdência dos... Continue Reading →
Aug 4, 2020 Belov Engenharia ordered from the Swedish giant Saab four Leopard work vehicles that will operate in Petrobras' operations in Brazil. The order was booked in the second quarter of 2020. Leopard is a vehicle developed by Saab Seaeye, Saab's underwater robotics division, which is half the size of hydraulic equipment with the... Continue Reading →
August 4, 2020 Twelve companies, some from the same business group, were prequalified to dispute the lease of the Petrobras LNG terminal in Bahia, according to the call for prequalified agents, published by the company. Proposals are scheduled to be open on September 30. Petrobras will lease the terminal until December 2023, with no provision... Continue Reading →
Brazil Energy Insight 