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Petróleo Brasileiro S.A. – Petrobras announces that, as a follow-up to the release disclosed on May 29, 2023, it has entered into a new natural gas contract with Companhia de Gás de São Paulo ("Comgás"), effective from January 2024 until December 2034, in the estimated amount of R$ 56 billion. The contract is the result... Continue Reading →
Vast Infraestrutura (formerly Açu Petróleo) achieved an important contract renewal with Petrobras. The new agreement will last for three years and provides for the provision of oil transshipment services at Porto do Açu. This is the second contract renewal between Petrobras and Vast, which started the partnership in March 2019. “This achievement represents not only... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it requested access to Braskem's virtual data room, on today's date, thus starting the due diligence process, according to the rules provided for in the Braskem Shareholders Agreement signed between Petrobras and Novonor S.A., for the possible exercise of tag along or preemptive rights, in the event of... Continue Reading →
Brazilian state-owned oil and gas giant Petrobras has concluded the auction for the disposal of a floating offshore platform, as part of its new commitment to sustainable ship recycling. This is believed to be the first recycling project of this sort to be undertaken in Brazil.Petrobras sold the P-32 floating unit, which worked at the Marlim field in the Campos... Continue Reading →
(OE) Oilfield services giant SLB, previously known as Schlumberger, said Thursday it had won a five-year contract with the Brazilian oil company Petrobras for an enterprise-wide deployment of its Delfi digital platform. The contract scope covers Petrobras’ digital transformation from exploration, development, and production operations, including moving subsurface workflows to the cloud to significantly accelerate... Continue Reading →
(Reuters) The bosses of global energy companies this week urged governments to shift the focus to limiting oil demand to reduce emissions, rather than pressuring producers to curb supply, which they say serves only to increase prices. Some western governments have announced plans to scale back or halt oil developments and last year, they increased... Continue Reading →
(TN) Pre-salt production in May was 3.196 million barrels of oil equivalent per day (boe/d) and corresponded to 77.8% of Brazilian production. 2.510 million barrels per day (bbl/d) of oil and 109.16 million cubic meters per day (m³/d) of natural gas were produced through 144 wells. There was an increase of 5.9% in relation to... Continue Reading →
(Bloomberg) -- Buoyed by the response to its first bond issue in two years, Petroleo Brasileiro SA is considering issuing more debt this year and is poised to buy assets after spending most of the past decade selling refineries and oil-exploration blocks. Strong cash generation combined with low production costs puts Brazil’s state-run oil giant... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it concluded today, through its wholly owned subsidiary Petrobras Global Finance B.V. (PGF), the offering of notes in the international capital market (Global Notes), in the amount of US$ 1.25 billion maturing in 2033. The operation was priced on June 26, 2023, as disclosed to the market. Below... Continue Reading →
Houston-based Nauticus Robotics has secured a contract with Brazilian state-owned oil and gas giant Petrobras for the deployment and testing of its Aquanaut autonomous subsea robot offshore Brazil. The contract is said to come as Petrobras had recently ramped up efforts in robotics and artificial intelligence and is pioneering their application to the offshore sectors. Aquanaut... Continue Reading →
Brazil Energy Insight 