(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) confirmed it will not be able to meet "atypical demand" from fuel distributors in November that has surpassed its production capacity, raising fears of supply shortages in the country. Petroleo Brasileiro SA, as the company is formally known, said in a securities filing late on Monday that it has... Continue Reading →
(PetroleoHoje) TechnipFMC may be close to winning yet another SURF (underwater collection system) contract with Petrobras. The group presented the best proposal in the Brazilian oil company's bid for the 7th module in Buzios, in the Santos cluster, with a value of R$ 5.7 billion. TechnipFMC's offer was ahead of proposals by Saipem, with a... Continue Reading →
(Valor) TotalEnergies (formerly Total) promises to intensify investments in renewables, but, at the same time, it is looking closely at the Brazilian oil and gas market. The French oil company, which changed its name to symbolize its migration towards the energy transition, sees Brazil as a strategic player in the search for projects with increasingly... Continue Reading →
Subsea 7 has secured long-term day-rate contracts with Petrobras for the pipelay support vessels (PLSV) Seven Waves, Seven Rio and Seven Sun. Seven Waves will commence the new contract in the first quarter of 2022, Seven Rio in the second quarter of 2022 and Seven Sun in the third quarter of 2022. Each contract comprises a firm three-year period... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras clarifies about pieces of news in the media regarding cuts in fuel orders fulfillment. As disclosed in the 2Q21 Production and Sales Report, the company operated its refining facilities in the first half of 2021 with a utilization factor (UF) of 79%, in line with the 2020 average and higher... Continue Reading →
(PetroleoHoje) 3R Petroleum must submit new development plans (PDs) to reduce royalties and/or extend contracts for newly acquired fields within one year after approval of the Annual Work Programs (PAT), Annual Production Programs (PAD) and Annual Reserve Bulletins (BAR) by the ANP. In an official letter to the agency, the company proposed the presentation of... Continue Reading →
Constellation is about to win two new charter contracts for the semi-submersible rigs Gold Star and Lone Star with Petrobras. The deal comes from the tender for the charter of one or more low specification units for operation in 2,400 meters of water depth, the result of which was released on Wednesday (13/10). The result... Continue Reading →
Petrobras is expected to export more oil from Buzios to China in the coming months, while it reserves Tupi oil for the domestic market, reveals consultancy Platts. According to the company, Petrobras sources say that the oil company has been channeling more volumes of Tupi into its own system in recent months, while focusing on... Continue Reading →
Oil States Brasil announced this week that it has signed a new and important contract with Petrobras. Under the new agreement, the company will provide offshore planning, maintenance and inspection services on cranes on the oil company's five FPSOs. The new contract will run for three years. "Having a broad knowledge of the market, combined... Continue Reading →
The Brazilian Institute for the Environment (Ibama) granted Petrobras the operating license for the second Early Production System (SPA-2) in the Mero field, located within the Libra block, in the pre-salt of the Santos basin. As well as the first SPA in the area, this new project will also be carried out with the FPSO... Continue Reading →
