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(epbr) Seacrest Petróleo, an independent oil company focused on mature fields in Brazil, raised US$ 260 million with the IPO, on the Oslo Stock Exchange, in Norway. With cash strengthened by the share offering, the company plans to triple its oil and gas production in the Espírito Santo Basin by 2025. In recent years, the... Continue Reading →
Dutch FPSO operator SBM Offshore is working on several floating, production, storage and offloading (FPSO) projects and two of these vessels are expected to achieve the first oil this year. While disclosing its record full-year 2022 directional underlying EBITDA of $1 billion, the revenue of $3.29 billion and the year-end backlog of $30.5 billion, SBM... Continue Reading →
Offshore installation services company Subsea 7 said Friday it had won a "sizable" vessel contract with the Brazilian oil company Petrobras. The contract is for the 145.9m pipelay support vessel (PLSV) Seven Cruzeiro off the coast of Brazil. It extends the vessel's current contract from February to November 2023. For Subsea 7, a "sizeable contract"... Continue Reading →
Offshore drilling contractor Seadrill has confirmed that one of its drillships kicked off its assignment at a field offshore Brazil with the country’s oil and gas giant, Petrobras. Back in November 2021, Seadrill secured two contracts with Petrobras for its West Carina and West Tellus rigs for work on the Búzios field offshore Brazil. At the time, the offshore drilling contractor explained that... Continue Reading →
- Petróleo Brasileiro S.A - Petrobras informs that its CEO Jean Paul Terra Prates has indicated 2 new members for the composition of the Executive Board: Chief Institutional Relations and Sustainability Officer, Mrs. Clarice Coppetti; Chief Financial and Investor Relations Officer, Mr. Sergio Caetano Leite. The nominations will be submitted to the internal procedures of... Continue Reading →
(Reuters) - U.S. prosecutors on Friday unveiled corruption charges against a Connecticut oil and gas trader and a second man over their alleged roles in a bribery scheme to win business from Brazil's state-owned oil company Petrobras (PETR4.SA). The Department of Justice said that between 2010 and 2018, Glenn Oztemel, 64, of Westport, Connecticut, and Eduardo... Continue Reading →
A new giant of the seas will soon come into operation. The FPSO Almirante Barroso left this week from the BrasFELS shipyard heading for the Buzios field, in the Santos Basin pre-salt. The FPSO has been at the shipyard since October last year for commissioning activities and final acceptance tests. The vessel was converted in... Continue Reading →
The National Petroleum Agency (ANP) recently approved the sale of Petrobras' stake in the Capixaba Norte Cluster to Seacrest Petróleo. As a reminder, the transaction was announced in February 2022, for a total of US$ 544 million. The Capixaba Norte Cluster comprises four onshore fields: Cancã, Fazenda Alegre, Fazenda São Rafael and Fazenda Santa Luzia.... Continue Reading →
(epbr) The oil companies returned to the Union three more exploratory blocks, acquired in the cycle of the major post-2017 oil and gas auctions, according to preliminary data from the National Agency of Petroleum, Natural Gas and Biofuels (ANP). Highlight for Saturno, in the Santos Basin, purchased in 2018, in the 5th sharing round, by... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed a contract with the consortium formed by Alcatel Submarine Networks and Maersk for the construction and installation of the Permanent Seismic Monitoring System (PSMS) in the Mero field, in the Santos Basin. The Mero PSMS project has unprecedented features in Brazil and incorporates state-of-the-art 4D... Continue Reading →
Brazil Energy Insight 