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Jul 15, 2020 The wet Christmas and tree suppliers are looking forward to it. Petrobras' supply teams are finalizing all the details to place on the market the bid for the purchase of 38 trees for the phases that will come in Campo de Buzios, in the Santos Basin. The winning company or the winning... Continue Reading →
Singapore's Keppel O&M has received orders from Japan's FPSO leasing company MODEC to deliver components for two FPSO units. The orders are worth S$73 million (USD52,5 million) in total. In Singapore, Keppel Shipyard will fabricate, complete, and integrate the topside modules and mooring support structure for a Floating Production Storage and Offloading vessel (FPSO). Continue... Continue Reading →
July 14, 2020 Petróleo Brasileiro S.A. – Petrobras reports that the platforms installed in the Búzios field (P-74, P-75, P-76 and P-77), in the Santos Basin pre-salt, reached new production records yesterday, of 674,000 barrels of oil per day (bpd) and 844,000 barrels of oil equivalent per day (boed). The Búzios field, discovered in 2010,... Continue Reading →
Economic activity in Brazil began to grow again in monthly terms in May, after two sharp consecutive declines in March and April, as businesses slowly began to open up in the wake of coronavirus-related quarantining measures. The central bank’s IBC-Br index, a leading indicator of gross domestic product, rose 1.31% in May from April. That... Continue Reading →
Jul 14, 2020 Perenco is finalizing the development plan for the Polo Nordeste, a complex that integrates the Pargo, Carapeba and Vermelho fields, in shallow waters of the Campos basin. The document will be forwarded to the ANP for evaluation until Friday (17 ), requesting the extension of the concession period for the three assets... Continue Reading →
Jul 14, 2020 With a 'significantly reduced' risk of corruption, Petrobras is once again eligible to receive investments from KLP, Norway's largest pension fund, with a total equity of R$ 430 billion. In a statement, the fund noted that the company has significantly strengthened its governance in recent years, so that the risk of corruption... Continue Reading →
July 14, 2020 Petróleo Brasileiro S.A. – Petrobras informs that, on July 11th, it successfully concluded tests on an industrial scale for the production of renewable diesel. The tests were conducted at the Presidente Getúlio Vargas Refinery (Repar), in Araucária, Paraná, where 2 million liters of soybean oil were processed, which resulted in the production... Continue Reading →
July 14, 2020 Petróleo Brasileiro S.A. – Petrobras informs that in early July, it completed, in half the time, the construction of the 7 GLF 49H ESS offshore well, in the Golfinho field, in the Espírito Santo Basin, 100 km from Vitória. This was the first post-salt well built with the application of the True... Continue Reading →
July 13, 2020 Petróleo Brasileiro S.A. – Petrobras reports that its refinery in Duque de Caxias (Reduc), located in Rio de Janeiro, reached the mark of 16,773 tons of asphalt sold in June 2020, an increase of 42.5% compared to May and 120.8% compared to the same month of the previous year. This is the... Continue Reading →
Jul 13, 2020 The Union's share of oil in the three contracts that are under production sharing regime totaled 1.5 million barrels from January to May this year, an increase of 50% compared to the same period in 2019. The data is from the Monthly Bulletin of Production Sharing Contracts produced by Pre-Sal Petróleo (PPSA),... Continue Reading →
Brazil Energy Insight 