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Dec 5, 2019 One of the most anticipated investments in oil and gas in Espírito Santo has been postponed for the next three years. The Parque das Baleias Integrated project had its start-up date postponed by Petrobras to 2023. Initially, the investment was announced for 2021 and had already been postponed to 2022. The new... Continue Reading →
Norwegian offshore vessel owner Solstad Offshore has signed contract extensions for two platform supply vessels (PSVs) with Equinor in Brazil. Solstad said on Friday that the contract extensions were awarded to the Far Scotsman and Sea Brasil vessels. The contract for Far Scotsman is extended by two years, while Sea Brasil is extended by one... Continue Reading →
DEC 4, 2019 Buzios field, in the Santos Basin pre-salt, will receive about 28% of the $ 64 billion that Petrobras will invest in exploration and production by 2024, equivalent to about $ 18 billion. The large volume of investments reflects the need for the state-owned company to develop the field. As is well known,... Continue Reading →
December 4, 2019 Petrobras plans to decommission 18 offshore oil and gas production platforms over the next five years at a total cost of U$ 6 billion. The data is part of the company's Business Plan detailed on Wednesday in New York. The company plans to decommission seven semi-submersible platforms, six fixed platforms and five... Continue Reading →
Dec 5, 2019 Brazilian state-run oil firm Petrobras is considering putting additional stakes in significant offshore oilfields up for sale, executives said on Wednesday, as the company continues to aggressively de-leverage. In a presentation, the executives said they may sell stakes in the Marlim field, as well as the firm's majority stake in the Papa-Terra... Continue Reading →
Petroleo Brasileiro SA plans to pay its shareholders $34 billion in dividends over the next five years as it cuts debt and sells assets to shore up its finances, Chief Executive Officer Roberto Castello Branco said. The plan is a major shift for the state-controlled oil producer that had kept payouts to investors at or close to the... Continue Reading →
“Petrobras Day” on the New York Stock Exchange (NYSE), an event where investors had the opportunity to learn about the company's future plans. President Roberto Castello Branco rang the bell that symbolizes the opening of the trading session, a moment that is granted to special guests. Also present were directors Carlos Alberto Pereira de Oliveira,... Continue Reading →
Dec 4, 2019 By 2030, Brazil is expected to more than double net natural gas production, according to a projection by the state-run Energy Research Company (EPE) linked to the Ministry of Mines and Energy. The estimate predicts a jump from the current 59 million to 147 million cubic meters (m³) per day. The data... Continue Reading →
Malaysia’s Sapura Energy has won RM615 million (~$147 million) worth of contracts in the Engineering and Construction (E&C) as well as Drilling segments of its business. In Brazil, Petrobras has awarded Sapura Navegação Marítima S.A. a contract extension to charter and operate Sapura Topazio, a dynamic positioning (DP) 2 self-propelled pipelaying vessel. Sapura said the Petrobras contract came... Continue Reading →
Atlas, the international recruitment and manpower management firm, said it would provide marine personnel across the Prosafe fleet of offshore accommodation rigs. Under the scope awarded after a tender procedure, Atlas will in January 2020 start providing manning services to Prosafe’s Safe Concordia semi-submersible accommodation rig when the unit will start a 120-day project offshore... Continue Reading →
Brazil Energy Insight 