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Jul 30, 2020 Petrobras stated in its financial report that it expects to sign until the first quarter of next year the sale of most of its refineries that are in the process of divesting. In addition, the state company also believes that it may definitively conclude these transactions in 2021. Due to the coronavirus... Continue Reading →
Jul 30, 2020 Petrobrás currently has seven platform ships under construction, scheduled to enter operations between 2021 and 2023. Some of the works have managed to progress well despite the pandemic. Others not so much. This is the case of the FPSO Carioca, which will be installed in the Sépia field, in the Santos Basin.... Continue Reading →
Brazilian state-run oil firm Petroleo Brasileiro SA (PETR4.SA) on Thursday posted a loss of 2.7 billion reais ($524 million) in the second quarter, hurt by tumbling oil prices despite record export volumes to China. The result, down from a record quarterly profit of 18.9 billion reais a year ago, came as the company pursued an... Continue Reading →
Dear Shareholders, I am glad to be able to tell you that we are running the ship safely through uncharted waters. We are very proud of our team whose talent and professional dedication allowed us to overcome, so far, the enormous challenges faced by our company. The outbreak of a major global health crisis caused... Continue Reading →
July 30, 2020 ANP presented the consolidated version of the Environmental Study of Sedimentary Area (EAAS) of the Sergipe-Alagoas / Jacuípe maritime basin. It is an assessment aimed at strategic public policy planning, with an emphasis on socio-environmental issues, for the oil & natural gas exploration & production sector. During the opening of an event... Continue Reading →
Jul 30, 2020 WEG obtained an important contract with Petrobras to supply eight turbogenerators for the FPSOs Buzios V and Mero 2. With the new arrangement, WEG expects to generate revenue of approximately R $ 160 million. Of the total equipment, four of them will be 36 MW 3600 rpm and four of 33 MW... Continue Reading →
Jul 30, 2020 Chevron receives proposals today to purchase its stake in the Papa-Terra field, in the Campos Basin, in an operation conducted by Bank of America. The expectation is that medium-sized oil companies will compete for shares in Chevron and Petrobras in the Campos Basin asset. The bidding should involve up to four companies,... Continue Reading →
Total reported a 96 per cent drop in adjusted profit for the second quarter of 2020 due to lower prices and COVID-19 effects. The company reported an adjusted net income of $126 million, down from $2.9 billion reported in the corresponding quarter last year. Total noted it will take an $8.1 billion impairment on its... Continue Reading →
Tubular solutions supplier Vallourec has signed contract extensions with Petrobras for the supply of its products and services. Since 2019, Vallourec has been supplying Petrobras with OCTG products, including seamless steel tubes, connections, and accessories, as well as associated services such as offshore inspection, repair, and supervision. The contracts have now been extended until 2023.... Continue Reading →
South Korean shipbuilder Samsung Heavy Industries (SHI) has delivered Eagle Paulinia to AET Tankers, a petroleum logistics unit of Malaysian energy logistics group MISC Berhad. The dynamic positioning (DP2) shuttle tanker is part of a series of four vessels, purpose-built for long-term charter to Brazilian oil and gas major Petrobras. Continue reading
Brazil Energy Insight 