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Petro Rio SA (the “Company” or “PetroRio”) (B3: PRIO3), following the best corporate governance practices, hereby presents to its shareholders and the market in general, clarifications on news published in the press, last Friday, January 21, 2022, regarding the monocratic decision handed down by the Hon. Judge Dr. Luciano Saboia Rinaldi de Carvalho, of the... Continue Reading →
Oil and gas major Shell has officially changed its name to Shell plc, after deciding to simplify its share structure, move the headquarters from the Netherlands to the UK and, as a result, remove the Royal Dutch designation from its name. The energy major on Friday confirmed its name had changed from Royal Dutch Shell... Continue Reading →
(PN) Prumo Logistica, a company controlled by EIG Global Energy Partners, responsible for the development of Porto do Açu, acquired the 20% stake held by the German company Oiltanking and will now control 100% of Açu Petroleo. Formed in 2016, Açu Petroleo is the owner of the only private terminal in Brazil for transshipment of... Continue Reading →
Global upstream merger and acquisition (M&A) deals rebounded to pre-Covid-19 levels in 2021, reaching a total of $181 billion, which is a 70 per cent increase over 2020, Rystad Energy’s research shows. Additionally, the M&A market is likely to stay active for the foreseeable future. According to Rystad Energy’s report on Friday, the total deal value for... Continue Reading →
(epbr) The exploratory success in Guyana, where the activity is more advanced, indicates that there is potential for the discovery of large reserves in the formations shared with Suriname, and in Foz do Amazonas, Equatorial Margin of Brazil, where Petrobras intends to start the drilling campaign. this year. The blocks, contracted in 2013, are located... Continue Reading →
In 2021, offshore accommodation provider Prosafe saw its vessel utilisation more than double when compared to the previous year and reach the highest rate since 2015. In an update on Friday, Prosafe reported that its fleet utilisation rate in 4Q of 2021 was 59.3 per cent compared to 25 per cent in 4Q 2020. The... Continue Reading →
Fugro has secured a subsea survey and positioning contract with Maersk Supply Service to support the installation of an anchoring system for the floating production storage and offloading (FPSO) vessel Sepetiba at Petrobras’ deepwater Mero 2 project in Brazil. For the project, Fugro will use its QuickVision augmented reality camera to help guide the installation... Continue Reading →
(Reuters) - The heads of state of Brazil, Guyana and Suriname this week will take the first steps toward forging an infrastructure that would better share the neighboring South American countries' energy and natural resources. Brazil's President Jair Bolsonaro is expected to arrive in Suriname on Thursday, and will travel on Friday with the head... Continue Reading →
Brazilian oil and gas company Enauta has completed the repair of a production line on the Petrorajrl I FPSO, which is operating on the Atlanta field offshore Brazil, but the production from the field is still shut down due to a Covid-19 outbreak. The Enauta-operated Atlanta field is located in the Santos Basin. The field producing through... Continue Reading →
Demand for wet Christmas trees in 2022 will hit the highest level in nearly a decade, according to a new forecast from Westwood Energy. The company predicts that the global oil and gas sector can hire up to 354 units, the highest number recorded since 2013. The forecast considers that the barrel of oil should... Continue Reading →
Brazil Energy Insight 