Brought to you by Quest Offshore & Southern Cone Consultants
(epbr) 3R Petroleum is approaching global trading companies interested in joining the Potiguar Cluster as partners. The company intends to deepen the studies on the financial evaluation of the cluster's infrastructure assets, before taking a decision on a potential partnership. In January, the company signed a contract with Petrobras, in the amount of US$ 1.38... Continue Reading →
(Reuters) - Brazilian fuel distributor Vibra Energia SA (VBBR3.SA) has tapped an existing partnership with Brasil BioFuels (BBF) to move into producing and selling palm oil-based jet fuel as it looks to take another step in the energy transition. Vibra, formerly known as Petrobras Distribuidora SA, has agreed to sell aviation fuel to be produced at BBF's... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 09/23/2016 and 04/04/2017, informs that it received today from Nova Infraestrutura Gasodutos Participações S.A. (NISA), a company held by Nova Infraestrutura Fundo de Investimentos em Participações Multiestratégia (FIP), an investment fund managed by Brookfield Brasil Asset Management Investimentos Ltda (Brookfield), and by Itaúsa... Continue Reading →
(PN) One of the great expectations of the Brazilian oil and gas sector this year is the entry into operation of the Route 3 gas pipeline, which will transport gas from the pre-salt layer to the coast. In preparation to finally put the asset into operation, Petrobras informed Petronotícias that the final phase of commissioning... Continue Reading →
(Reuters) - State-run Brazilian oil company Petrobras said on Tuesday the sale process for the control of a natural gas pipeline that connects Bolivia and southern Brazil is in a binding phase. EIG Global Energy Partners presented a binding proposal, which must be considered by Petrobras' management, and in case of approval will start the... Continue Reading →
(PetroleoHoje) Açu Petróleo signed with Petrobras and Transpetro the first infrastructure sharing agreement for crude oil. Focused on the Osduc network (Cabiúnas-Reduc), the operation will enable the connection of the future line that will interconnect the Oil Terminal, in Porto do Açu, in São João da Barra (RJ), to the Cabiúnas Terminal, located in Macaé... Continue Reading →
Credit ratings agency Moody’s has placed ratings of German oil and gas company Wintershall Dea on review for downgrade, reflecting downside credit risks stemming from the potential for additional, more severe sanctions against Russian businesses to affect the company’s operations and credit profile. According to Moody’s statement on Thursday, the decision to place Wintershall Dea’s... Continue Reading →
(OE) Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers. The oil industry has been gripped by acute risk aversion in the finance and shipping sectors after several... Continue Reading →
(Reuters) - The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the situation said, as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it. The United States sanctioned Nord Stream... Continue Reading →
(PN) The Brazilian Institute for the Environment (Ibama) granted the preliminary license for the production storage and offloading platform (FSO) in the Pargo field, in the Campos Basin. In addition to the vessel, the license also attests to the environmental feasibility of the new 8″ PPG-1A export pipeline. French-British Perenco has been responsible, since October... Continue Reading →
Brazil Energy Insight 