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Petróleo Brasileiro S.A. – Petrobras informs that it put into production, this Wednesday, 08/16/2023, the Anita Garibaldi platform ship in the Campos Basin. Of the FPSO type (floating system that produces, stores and transfers oil), the unit will operate simultaneously in the post-salt and pre-salt of the Marlim and Voador fields. With a capacity to... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) will raise gasoline and diesel prices at its refineries, it said on Tuesday, after an "abrupt" increase in global oil prices in recent weeks. The move was welcomed by investors but is likely to upset the federal government, as it is unpopular and brings renewed inflation fears just as... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it is in the final phase of studies for the resumption of fertilizer production at Araucária Nitrogenados (ANSA), its subsidiary in Paraná. After finalizing the technical and economic feasibility studies, the resumption project will be submitted for approval by the company's Executive Board and Board of Directors. The... Continue Reading →
(PN) The Brazilian Institute of the Environment (IBAMA) granted Petrobras the license to operate the Anita Garibaldi FPSO, which should begin its activities in the coming weeks. The unit has the capacity to produce up to 80,000 barrels of oil per day (bpd) and process up to 7 million m³ of gas per day. FPSO... Continue Reading →
(PN) Petrobras will have 47 projects included in the new Growth Acceleration Program (PAC), launched this Friday, in Rio de Janeiro, by President Luiz Inácio Lula da Silva. The company's investments in PAC 2023 amount to R$ 323 billion. The president of Petrobras, Jean Paul Prates, highlighted, among them, pre-salt production systems, revitalization of conventional... Continue Reading →
(OM) A vast majority of operators and developers are investing in autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs) as they seek to optimize production, decrease emissions and enhance safety during operations. In a recent interview with Offshore, Oceaneering’s senior vice president of business development and chief commercial officer, Earl Childress, said, “Remote operations are continuously evolving... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media about its participation in Braskem, reaffirms that it is conducting due diligence on Braskem, for the possible exercise of tag along or preemptive rights, in the event of the sale of shares held by Novonor S.A. (Novonor) in the company, according... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) is not planning to sell its 36% stake in petrochemical firm Braskem (BRKM5.SA), newspaper Valor Economico reported on Thursday, citing unnamed sources. Petrobras is one of Braskem's main shareholders alongside conglomerate Novonor (ODBES.UL), which holds a controlling stake in the firm but has sought to sell it to repay creditors... Continue Reading →
(Reuters) - A "growth acceleration program" to be launched by Brazil's President Luiz Inacio Lula da Silva on Friday will include a total 1.7 trillion reais ($347.47 billion) in investments in all states, the government said. The program, known as PAC, revisits an initiative that Lula introduced in 2007 during his first tenure as president,... Continue Reading →
SBM Offshore announced to the market this week its financial and operational balance sheet for the first half of the year. One of the main highlights of the report concerns the updates in the works of three FPSOs ordered by Petrobras (Sepetiba, Almirante Tamandaré and Alexandre de Gusmão). In these three projects, the company is... Continue Reading →
Brazil Energy Insight 