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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 →
(OE) China National Offshore Oil Company (CNOOC) has posted an 11.4% net profit growth in 2024, marking a record year of oil and gas production, which has been increased by 7% compared to a year earlier. In 2024, CNOOC recorded a net oil and gas production of 726.8 million barrels of oil equivalent (BOE), a... Continue Reading →
(offshore-energy.biz) American oilfield services company NOV and Brazilian state-owned energy firm Petrobras have signed a pre-commercial agreement for the development of flexible pipes designed for high CO2 deepwater applications. The collaboration, formalized with the signature of an agreement in February, focuses on creating stainless steel armouring to combat stress corrosion cracking (SCC) caused by CO2,... Continue Reading →
(OE) Oslo-listed offshore accommodation rig provider Floatel International has secured a contract extension with Equinor for its Floatel Victory semi-submersible accommodation unit. Under the contract extension, Floatel Vicotry will continue to provide Maintenance and Safety Unit (MSU) support alongside the Peregrino Floating Production Storage and Offloading (FPSO) unit offshore Brazil through the end of 2025.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media about Petrobras' “R$16 billion bidding process for offshore vessels”, clarifies that the company has provided the clarifications requested, due to a complaint. Following the clarifications provided by Petrobras, two technical units of the TCU - Brazilian General Accounting Office - issued pronouncements, on... Continue Reading →
TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract worth over $1 billion by Shell for its Gato do Mato greenfield development offshore Brazil. In addition to integrated execution, the project will utilize Subsea 2.0® configure-to-order (CTO) subsea production systems. Combining both offerings will enable streamlined project management through a single interface and accelerate time to first... Continue Reading →
(Reuters) - Brazil's Petrobras should analyze an appeal filed by India's Shapoorji Pallonji Energy in the tender to charter an offshore oil production vessel this week, the state-run oil firm's head of engineering, technology and innovation, Renata Baruzzi, said on Tuesday. WHY IT'S IMPORTANT The Indian company was the only one to bid on chartering a... Continue Reading →
(OE) MODEC has signed an agreement with Shell for the operations and maintenance of the floating production, storage and offloading (FPSO) vessel, to be deployed at Gato do Mato deepwater field off Brazil, for a period of 20 years. The agreement follows the execution of the Front-End Engineering Design (FEED) contract, which was awarded to... Continue Reading →
Brazil Energy Insight 