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(Reuters) - Brazil's Petrobras is looking at an auction that will contract energy from batteries for the country's electric sector "as a possibility" for the company to develop business in the area, an executive at the state-run oil firm said on Tuesday. According to Battery and New Technologies manager Clarissa Palu, Petrobras has started to look... Continue Reading →
(PN) GeoPark announced a reorganization of its portfolio, with repercussions on its operations in Brazil. The company revealed that it will sell certain “non-core” assets, as well as implement cost reduction initiatives to strengthen its position aiming at profitable, reliable and sustainable growth in the long term. One of the points of the reorganization involves... Continue Reading →
(PN) Petrobras released the bidding notice earlier this week and the competition for the platform contract has eight pre-qualified competitors: Modec, Shapoorji, Yinson, MISC, BW Offshore, SBM Offshore, MISC, Ocyan and Altera (the latter two companies, as is known, work in partnership in the Altera & Ocyan joint venture). The opening of the envelopes with... Continue Reading →
(PN) PRIO announces the drilling of the company's first greenfield project, the Wahoo field, in the Campos Basin. The announcement was made by the company's president, Roberto Monteiro, on his LinkedIn profile. "The project, which began this month, is a milestone in our strategy of developing mature fields through subsea connections (tiebacks) and reflects the... Continue Reading →
(OE) Constellation, an offshore oil and gas drilling services provider in Brazil, has secured a new contract with Petrobras for the deployment of Admarine 511, a jack-up drilling rig owned by its commercial partner ADES Holding. The rig, operated by Constellation, will be used for a campaign of Plug and Abandonment (P&A) of wells at... Continue Reading →
Petrobras announces that the Chief Energy Transition and Sustainability Officer Mauricio Tolmasquim has informed the company that he has been nominated to run for the position of Board Member of Eletrobras at the Shareholders General Meeting of that company scheduled for April 29, 2025. If the election is confirmed at the General Meeting, the company... Continue Reading →
A comprehensive effort to acquire and interpret geological and geophysical data from the entire Brazilian continental margin, conducted by Petrobras professionals over decades, contributed to a major diplomatic and economic achievement for the country: the expansion of the limits of the continental shelf beyond 200 nautical miles, from the baselines located on the coast in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras reports that it has completed the modernization work on Train 1 of the Abreu e Lima Refinery (RNEST), located in the city of Ipojuca, in the state of Pernambuco. The renovation and expansion process (Revamp) received investments of approximately R$ 93 million and will expand the unit's processing capacity from... Continue Reading →
(Reuters) - Former Brazilian President Jair Bolsonaro will stand trial for allegedly conspiring to overthrow the government after he lost a 2022 election, the Supreme Court ruled on Wednesday, moving swiftly in a case that could reshape the political landscape. A five-judge panel decided unanimously to put Bolsonaro on trial. If found guilty in the... Continue Reading →
(Reuters) - Brazilian oil firm Petrobras needs to be granted an environmental license to drill in the sensitive Foz do Amazonas region by the end of April or it will run out of time before the contract with a drilling vessel ends in October, according to a document presented by the government. The document, which... Continue Reading →
Brazil Energy Insight 