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Solstad Offshore has signed a pair of construction support vessels (CSV) to new contracts, reporting deals for CSVs Far Saga and Normand Energy. The Brazilian flagged CSV Far Saga secured a three-year contract from Petrobras. Continue reading
Norwegian offshore EPC contractor Aragon has won a contract to deliver topside modules for Malaysia-based Yinson's Anna Nery FPSO that will produce oil from Petrobras' Marlim field in Brazil. The Bergen-based company, part of Singapore's SembMarine, said that the contract covers the engineering, procurement, and construction of 7 modules for the gas treatment, gas compression,... Continue Reading →
May 11, 2020 Petróleo Brasileiro S.A. – Petrobras confirmed oil of excellent quality in the Southeast area of the Búzios field and greater potential in the pre-salt of the Albacora field. POÇO 9-BUZ-39DA-RJS Located in the Southeast area of the Búzios field, in the Santos Basin pre-salt, 210 km from Rio de Janeiro, the well... Continue Reading →
May 9, 2020 Petrobras' P-48 FPSO was one of the units which the company demobilized due to the coronavirus crisis. Recently, Petrobras demobilized several oil and gas production units due to the coronavirus crisis and the effects caused by it. Among these units was the company's FPSO P-48. After almost a month of standstill, the... Continue Reading →
May 08, 2020 Petróleo Brasileiro S.A. – Petrobras reaffirms its commitment to the proposals of the new gas market and informs that the sale prices of the product (which include the molecule and transportation parcels) to the distributors in the new contracts started in January had an average reduction of 36%, in US$/MMBtu, in May... Continue Reading →
Brazilian oil giant Petrobras (PETR4.SA) said on Friday that its cash burn could reach $1 billion a month in periods of extreme stress and volatility, noting the current level of uncertainty in being able to accurately predict spending. The state-owned firm, formerly known as Petroleo Brasileiro S.A., cited current costs, expenses and volatile oil prices... Continue Reading →
May 8, 2020 Oil company plans to drill up to three wells in the Patola discovery area, in the shallow waters of the Santos Basin Karoon submitted a project to Ibama to drill two production wells and a contingent in the area of the discovery of Patola, in the south of the Santos Basin. The... Continue Reading →
May 08, 2020 Petróleo Brasileiro S.A. – Petrobras in view of the news published today in the media regarding the meeting held on 05/06/2020 by the Executive Board in an internal event with the company's employees, clarifies that it has been keeping the market informed about the actions on resilience adopted due to the impacts... Continue Reading →
May 07, 2020 Petróleo Brasileiro S.A. – Petrobras informs that the rating agency Fitch Ratings revised today the company's international long-term ratings outlook from stable to negative, and maintained the ratings of Petrobras at "BB-". This week the agency revised the sovereign rating outlook due to uncertainty over the duration and intensity of the Covid-19... Continue Reading →
May 7, 2020 Petrobras continues its effort to protect its employees. The company has already carried out about 6,300 tests for Covid-19 among its employees, service providers and contact persons of suspected cases. Of this total, about 4 thousand were rapid tests, which detect antibodies and have been used, for example, to screen professionals before... Continue Reading →
Brazil Energy Insight 