The Peregrino C jacket, built by Heerema Fabrication Group for Equinor, has left a fabrication yard in the Netherlands and sailed away to Brazil. Equinor awarded Heerema Fabrication Group the procurement & construction contract for the Peregrino II WHP C Jacket in May 2017. The construction started in November 2017 at Heerema’s Vlissingen yard. In a social media post... Continue Reading →
Petrobras on Amendment to Transfer of Rights Agreement
October 23, 2019 -Petróleo Brasileiro S.A. - Petrobras, in addition to the press release issued on May 21, 2019, reports that its Board of Directors has ratified the signature and approved adjustments to the draft Amendment to the Transfer of Rights Agreement. Such ratification occurs after the issuing of MME Ordinance No. 265 of June... Continue Reading →
PETROBRAS 3RD QUARTER RESULTS ANNOUNCEMENT – 2019
Thursday, October 24th, 2019 (after B3’s trading hours) Conference Call and Webcast Date: Friday, October 25th, 2019 Time: In English: 11:30 am (Rio de Janeiro) | 10:30 am (New York) | 3:30 pm (London) In Portuguese: 10 am (Rio de Janeiro) | 9 am (New York) | 2 pm (London) Participants calling from: Brazil: +55... Continue Reading →
PETROBRAS SIGNS CONTRACT TO REPLACE THE P-71 GENERATORS
Oct 23, 2019 After nearly five months of negotiations, Petrobras signs contract to replace lost shipwrecked equipment Siemens and Petrobras signed a contract to supply four generators for the P-71, replacing those lost in the shipwreck in mid-May. According to sources, the removal of the new equipment will be made until January by the winner... Continue Reading →
Petrobras ramps up production
Expanding output from the pre-salt province starts to bear fruit for the Brazilian company Petrobras, the Brazilian state-owned oil company, recorded strong production performance across the third quarter, as record figures in the pre-salt region helped boost the firm’s upstream portfolio. Total hydrocarbon output for the quarter reached 2.88mn bl oe/d, a 9.3pc increase over... Continue Reading →
Brazil police target Techint in new phase of Car Wash probe
Oct 23, 2019 (Reuters) - Brazilian police conducted raids on Wednesday in a new phase of the sweeping “Car Wash” corruption probe targeting alleged bribery by Italo-Argentine group Techint to secure contracts from state-run oil firm Petroleo Brasileiro SA. Federal police and prosecutors said local Techint units Techint Engenharia e Construção SA and Confab Industrial... Continue Reading →
Equinor Eyes Brazil Natural Gas Infrastructure
Norway's Equinor ASA is scouting locations on Brazil's coast to install new natural gas infrastructure, the company's Brazil chief said, as the firm's gas-heavy offshore fields come on-line in the coming years. Natural gas is considered both a promising opportunity and a vexing problem in Brazil. The Latin American oil powerhouse is rapidly developing a... Continue Reading →
Exclusive: Petrobras, Brazil’s government near oil marketing deal – official
Brazil’s Petrobras could take over marketing of the government’s share of crude from offshore oilfields, a government official told Reuters, adding significantly to the state-run oil firm’s trading operations. In an interview on Monday, the head of Pre-Salt Petroleum, better known by its Portuguese acronym PPSA, said it is close to inking a deal in... Continue Reading →
OOS ACQUIRES OCYAN DRILLING RIG
Oct 22, 2019 The Dutch group OOS is the new owner of the semi-submersible ODN Delba III, which until August was part of Ocyan's fleet in Brazil. The company acquired the equipment after settling the operation with a pool of banks financing the unit, led by the Inter-American Development Bank (IDB). Made in conjunction with... Continue Reading →
Guindastes Brasil plans to build mini refinery in Bahia
October 21, 2019 The National Agency of Petroleum, Natural Gas and Biofuels (ANP) published this Monday (21) a project summary of Brasil Refinarias to build a unit with capacity to process 735 barrels / day (117 m³ / day) in Bahia. According to information sent by the company to ANP, the unit is designed to... Continue Reading →