Brought to you by Quest Offshore & Southern Cone Consultants
Petróleo Brasileiro S.A. – Petrobras, following up on the communication of November 11, 2024, informs that the second module of the Natural Gas Processing Unit (UPGN) of the Boaventura Energy Complex, located in Itaboraí (RJ), went into commercial operation. Added to the first module, inaugurated last year, the unit's total processing capacity reaches 21 million... Continue Reading →
(OE) BW Energy has made a final investment decision (FID) for the Maromba development offshore Brazil, which will feature an integrated drilling and wellhead platform (WHP) and a refurbished floating production, storage and offloading (FPSO) unit. The Maromba development targets 500 million barrels of oil in place in the highly delineated and tested Maastrichtian sands.... Continue Reading →
(OE) Subsea7 has secured a super-major contract by Petrobras, after winning a competitive tender, for the development of the Búzios 11 deepwater field, offshore Brazil. The field is located approximately 180 kilometers off the coast of the state of Rio de Janeiro, Brazil, at 2,000 meters water depth in the pre-salt Santos basin. The contract... Continue Reading →
BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that, on May 2, 2025, received letters of resignation from Mr. Rogério Paulo Calderón Peres, from the positions of member of the Board of Directors and Coordinator of the Statutory Audit Committee,... Continue Reading →
(OE) Norwegian offshore vessel operator DOF Group has secured work for two of its subsea vessels offshore Brazil. DOF’s Skandi Achiever diving support vessel has been awarded an offshore service and survey contract in Brazil in support of a SURF project with operations planned to start in early May and covering three campaigns during 2025.... Continue Reading →
PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), informs its shareholders and the market in general that it has signed contracts with Equinor Brasil Energia Ltda ("Equinor") for the acquisition of 60% interest and operation of the Peregrino and Pitangola Fields ("Field" or "Peregrino"). The deal, which will add 202 million barrels of oil in 1P+1C reserves... Continue Reading →
(PN) Petrobras has requested authorization from Ibama to begin moving the ODN II drillship towards the Foz do Amazonas Basin, on the Equatorial Margin. The vessel's presence in the region is essential for carrying out the so-called Pre-Operational Assessment (APO), which is an oil spill simulation required as part of the environmental licensing process for... Continue Reading →
(Reuters) - Shareholders of Brazilian power firm Eletrobras on Tuesday elected a new board and approved a proposal to end a legal dispute over the government's voting power in the company. The agreement allows the government to nominate three of Eletrobras' 10 board members. Shareholders elected Vicente Falconi, Ana Matte, Felipe Villela, Marisete Pereira, Carlos Ferreira and Jose... Continue Reading →
Petrobras reported oil, gas and gas liquids production of 2.77 million barrels of oil equivalent per day (boed) in the first quarter, down 0.2% from a year earlier. Petrobras' oil production in Brazil fell by 1% year-on-year, to 2.21 million barrels per day (bpd). Click here for the full 1Q25 Production & Sales Report .
(Reuters) Chinese offshore oil and gas major CNOOC first-quarter net profit fell 7.9%, weighed down by weaker oil prices, though higher output helped stem the decline. Net income for January-March was 36.56 billion yuan ($5.03 billion), versus 39.7 billion yuan in the same period last year, according to a company filing with the Hong Kong... Continue Reading →
