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The Marechal Duque de Caxias platform vessel, installed in the Mero field, in the pre-salt layer of the Santos Basin, reached peak production yesterday, May 19, with 180 thousand barrels of oil per day (bpd). The ramp-up - the period between the first extraction and the moment when the unit reaches its maximum planned capacity... Continue Reading →
(Reuters) Brazilian oil firm Petrobras will have a drill ship ready to make the trip to the northern state of Amapa by the end of the month, three sources close to the matter told Reuters, as the company rushes for a drilling license for the Foz do Amazonas Basin. According to the sources, work to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on Communications published on 02/26/2025, 04/16/2025 and 05/14/2025, informs that it will make today the payment of the first installment of shareholder remuneration relating to the balance sheet of December 31, 2024. The gross amount to be distributed today corresponds to R$ 0.37183274 per common and preferred share,... Continue Reading →
(OE) Norwegian offshore supply vessel owner DOF Group has secured four long-term charter and service contracts with Petrobras for its anchor handling tug supply (AHTS) vessels, worth approximately $480 million. As part of the new contracts, Skandi Iguaçu, one of the biggest AHTS vessels ever built in Brazil with over 350 mt bollard pull (BP)... Continue Reading →
(Reuters) - Brazilian environmental agency Ibama said on Monday it approved Petrobras' concept of an emergency plan to assist local fauna in case of an oil spill in the Foz do Amazonas basin, putting the firm closer to a license to drill in the area. The move allows Petrobras (PETR4.SA), opens new tab to conduct a simulation... Continue Reading →
Petrobras has signed an engineering, acquisition, construction and subsea installation (EPCI) contract for the Buzios 11 Project with the company Subsea7, worth R$8.4 billion, as a result of a competitive contracting process. The agreement is expected to generate more than a thousand direct and indirect employees. The contract establishes a minimum requirement of 40% local... Continue Reading →
(AP) — Colombia's government has applied to join a China-based development bank, another sign of Latin America's drift away from the U.S. as the Trump administration's foreign aid cuts, trade barriers and crackdown on immigration spurs many leaders in the region to seek closer ties with Washington's geopolitical rival. Colombian President Gustavo Petro wrapped up a visit to China this... Continue Reading →
(Reuters) Guyana's parliament passed an oil pollution bill late on Friday that holds parties liable for damages caused by oil spills, including from vessels. The bill, which passed with a majority of votes cast in a simple voice vote, is expected to soon be signed into law by President Irfaan Ali. Guyana, whose oil production... Continue Reading →
(offshore-energy.biz) Singapore’s offshore marine solutions company PACC Offshore Services Holdings (POSH), part of the Kuok Maritime Group, has completed the towing of a hull for a floating production storage and offloading (FPSO) unit from China to Singapore. The vessel is slated to work at a Brazilian deepwater field with Brazil’s state-owned energy giant, Petrobras. Towed by... Continue Reading →
(agenciabrasil.com.br) Eletrobras reported a loss of R$81 million in the 1st quarter of 2025. According to the company, the result reflects the review carried out by the National Electric Energy Agency (Aneel) in the regulatory base of assets of Companhia Hidro Elétrica do São Francisco (Chesf), one of Eletrobras' main subsidiaries. "The impact of the... Continue Reading →
