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Reuters) - Exxon Mobil and Chevron on Tuesday took their first steps toward exploring for oil in Brazil's Foz do Amazonas basin, scooping up offshore blocks auctioned by the country in the promising but environmentally sensitive area. The bids came as state-run Petrobras touted signs of breaking a stalemate on licensing in the offshore region near the mouth... Continue Reading →
Petrobras published its Sustainability Report, providing a snapshot of the company's progress in its journey towards the Fair Energy Transition in 2024. The investment of US$16.3 billion in low-carbon projects over the next 5 years, the generation of 315 thousand jobs in the same period and the reduction of 40% in absolute CO2e emissions since... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces, following up on the release of June 29, 2023, that it has signed the first three contracts with Consag Engenharia S.A., as a result of competitive bidding, for the completion of the construction of Train 2 of the Abreu e Lima Refinery (RNEST), in Pernambuco. These contracts, amounting to... Continue Reading →
(OE) MODEC has renewed its joint research and development (R&D) agreement with Terra Drone for the non-destructive internal inspection of crude oil storage tanks on floating production, storage, and offloading systems (FPSOs) using Terra UT drones. The renewed agreement builds upon the joint R&D contract signed by the companies in 2024, following significant achievements in improving... Continue Reading →
(OE) TechnipFMC and Petrobras have agreed to test and monitor a new electric actuation technology that is set to join the TechnipFMC eSolutions portfolio of electrical subsea systems. Scheduled for integration into a subsea tree planned for installation in 2026, the technology leverages both companies’ strengths to push the boundaries of subsea innovation. Through the... Continue Reading →
Rio de Janeiro, June 13, 2025 – Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 02/26/2025 and on 04/16/2025, informs that it will pay on 06/20/2025 the second installment of remuneration to shareholders related to the balance sheet of December 31, 2024. This payment considers the date of 04/16/2025 as the... Continue Reading →
( offshre-energy.biz) The construction of topside modules for a floating production storage and offloading (FPSO) unit set to work at a field in Brazil’s Santos Basin with the state-owned energy giant Petrobras has started at Seatrium’s shipyard in Angra, Brazil, formerly known as BrasFels. Based on a social media post by Petrobras’ CEO Renata Baruzzi, the... Continue Reading →
(Reuters) The first crude cargo from Guyana's fourth oil production facility, which arrived in the country in April and is being installed, is set to be exported between late August and early September, the government told Reuters on Tuesday. A consortium by U.S. companies Exxon Mobil XOM.N and Hess HES.N and China's CNOOC 600938.SS controls... Continue Reading →
(Reuters) -Brazilian businessman Nelson Tanure has begun talks with the banks that will be key to his bid for petrochemical firm Braskem , he told Reuters, as he aims to clinch a deal this year and give oil giant Petrobras a larger role in operations. Braskem is Latin America's largest petrochemical firm, and its controlling... Continue Reading →
(eixos) The Senate is advancing in discussions on bill 3.178/2019, which proposes the end of the pre-salt polygon and Petrobras' right of preference in the sharing auctions. The Infrastructure Committee approved on Tuesday the opinion of the committee's president, Senator Marcos Rogério (PL/RO). The bill was included in the committee's agenda at the end of... Continue Reading →
Brazil Energy Insight 