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(oilnow.gy) A total of 56 FPSO projects, between 2022 and 2027, are expected to commence their operations worldwide. Brazil leads the list with 22 followed by Guyana, with three already in production and three more under construction. Norway-based energy research and business intelligence company Rystad Energy says the FPSO market witnessed a 50% increase in... Continue Reading →
Brava Energia ("Brava" or "Company") (B3: BRAV3) presents the results for the third quarter of 2024 ("3Q24"). The financial and operational performance described in financial statements and explanatory notes includes the consolidated results of 3R and Enauta since August 1, 2024, and therefore reflects three months of 3R results and two months of Enauta results.... Continue Reading →
(PN) According to the company's Director of Engineering, Technology and Innovation, Renata Baruzzi, the bidding processes for the contracting of two FPSOs for the Sergipe Aguas Profundas project (SEAP 1 and 2) will be launched by the end of this year. Petrobras is currently discussing with the other companies in the SEAP consortium the best... Continue Reading →
(Reuters) - Brazil announced details of its new climate change pledge late on Friday night that sets a target to lower the country's greenhouse gas emissions by 2035, which it will present during the United Nations climate summit COP29 in Azerbaijan, according to a government statement. WHY IT'S IMPORTANT Brazil is the largest country in... Continue Reading →
– Petróleo Brasileiro S.A. following up on Communication of September 11, 2024, informs that the Natural Gas Processing Unit (UPGN), located at the Boaventura Energy Complex (Itaboraí, RJ), began commercial operation. The UPGN is currently operating with its first module, which has the capacity to process 10.5 million m³/day of gas. The second module is... Continue Reading →
“In this third quarter of 2024, we achieved consistent financial results amid a context of declining Brent prices, which we were able to offset with higher sales volumes of oil products. We maintained strong cash generation of US$ 11.3 billion, up 24% from the previous quarter, sustained by the quality and performance of our assets.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors (CA), in a meeting held today, approved the payment of interim dividends in the amount of R$ 17.12 billion, equivalent to R$ 1.32820661 per common and preferred share in circulation, as an anticipation of the remuneration to shareholders related to the fiscal year 2024,... Continue Reading →
(Reuters) - Portugal's largest utility EDP posted on Thursday a stronger-than-expected 14% rise in nine-month net consolidated profit, benefiting from strong rainfall in Iberia and additional earnings from its Brazilian unit after a full takeover. EDP pocketed a net 1.08 billion euros ($1.17 billion), beating the average analysts' forecast of 993 million euros in an... Continue Reading →
(offshore-enegy.biz) Singapore’s Seatrium has hosted a naming ceremony for a floating storage, production, and offloading (FPSO) unit constructed by Japanese giant MODEC destined to work off the coast of Brazil. On October 21, 2024, Seatrium’s Tuas Boulevard Yard witnessed the naming ceremony of FPSO Bacalhau, described as the largest vessel of its kind to be delivered to Brazil.... Continue Reading →
- PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of October. Key: (1) In the Polvo and Tubarão Martelo cluster, production was affected by the shutdown of wells TBMT-10H and TBMT-4H due to the failure of the Submerged Centrifugal Pump,... Continue Reading →
Brazil Energy Insight 