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Petrobras has approved the contracting of 10 new vessels for underwater activities, eight of which are RSV (ROV Support Vessel) and two are AHTS (Anchor Handling Tug Supply). RSV vessels are used in ROV (Remotely Operated Vehicle) operations to perform intervention, inspection, maintenance and repair services for underwater equipment and systems. AHTS vessels are used... Continue Reading →
(Reuters) - A pipeline that would allow Guyana to bring natural gas produced by an Exxon Mobil-led (XOM.N), opens new tab consortium to shore has been connected to two of the project's floating production platforms, Exxon's head for Guyana was reported as saying on Wednesday. The "Gas-to-Energy" project by Guyana's government aims to feed a 300-megawatts power... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras reports that the Total Utilization Factor (FUT) of its refineries reached 96.8% in September, representing the highest monthly result in 2024. As a result, the accumulated FUT for the third quarter of the year (3Q24) reached 95.2%. The third quarter of this year also registered a record in the processing... Continue Reading →
(Bloomberg) Petrobras is nearing a deal with Brazil regulators allowing it to move forward with plans to redevelop the massive Tupi oil field that could reinvigorate the country's stalled production, the company's head of exploration and production Sylvia dos Anjos told Bloomberg on Friday. The company expects to resolve a long-running tax dispute with regulator ANP by year-end... Continue Reading →
(Reuters) - BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said. When unveiled in 2020, BP's strategy was the sector's most ambitious with a pledge to cut output by 40%... Continue Reading →
Wood has entered an agreement with Brazilian national oil company Petrobras to deliver concept studies with designs and recommendations aimed at optimising performance and reducing emissions to support a future Floating Production Storage and Offloading (FPSO) vision for the next decade. The first study will explore design concepts of FPSO units with lower human exposure to... Continue Reading →
(Reuters) Guyana on Tuesday received bids from major energy companies seeking a 12-month marketing contract to trade the government's share of crude produced in the country, the country's National Procurement and Tender Administration Boardsaid. A total of 27 offers were received, the board said, including bids by Shell, TotalEnergies, Chevron, ADNOC, Gunvor, Vitol, PetroChina, CNOOC... Continue Reading →
(PN) The Brazilian Institute of the Environment (Ibama) has granted the operating license for FPSO Maria Quitéria, which is already installed in the Jubarte field, in the Espírito Santo portion of the Campos Basin. The platform was only supposed to start operating in 2025, but Petrobras brought forward the first oil from the unit, which... Continue Reading →
(TN) ANP released the Monthly Bulletin of Oil and Natural Gas Production for August 2024, which brings consolidated data on national production. Total Brazil production (oil + natural gas) was 4.345 million barrels of oil equivalent per day (boe/d). With regard to oil, 3.340 million barrels per day (bbl/d) were extracted, an increase of 3.4%... Continue Reading →
The 440km repeaterless trunk-and-branch system will link 12 oil and gas production platforms with two cable landing stations in Brazil’s Anchieta, Espirito Santo and Barra do Furado, Rio de Janeiro. Pioneer Consulting, the full-service submarine fiber optic telecommunications consulting and project management company, has been contracted by Blue Marine, leader of the Blue Marine Consortium,... Continue Reading →
Brazil Energy Insight 