Oceaneering International on Wednesday announced its Subsea Robotics segment has been awarded a service contract supporting Petrobras projects off the coast of Brazil. The contract is for four years plus options to extend. The Houston-based engineering and services firm said it will provide survey and remotely operated vehicle (ROV) services for AKOFS Offshore’s subsea equipment... Continue Reading →
Petrobras on the Albacora divestment process
Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 11/05/2021 and 01/25/2022, and regarding the news published in the media about the divestment process of Albacora, in the Campos Basin, clarifies that Albacora is part of the portfolio of assets for sale by the company, as disclosed in the Strategic Plan 2022-2026.... Continue Reading →
Petrobras on quarterly dividend news in the media
Petróleo Brasileiro S.A. - Petrobras, regarding the news published in the media, confirms that it received, on 06/22/2022, a letter from the Special Secretary of the Treasury and Budget of the Ministry of Economy regarding the payment of dividends. The Company clarifies that, in its response, it informed that all the requests in the referred... Continue Reading →
Petrobras books another AKOFS Offshore subsea services vessel
Norwegian AKOFS Offshore has signed a firm contract for Aker Wayfarer that will continue to perform services as a subsea equipment support vessel (SESV) for Petrobras in Brazil. The duration of the contract is almost four years and the services will commence in the first half of 2023. AKOFS Offshore will perform the operations jointly with... Continue Reading →
Valaris drillship starts new contract with Petrobras in Brazil
Offshore drilling contractor Valaris has revealed that one of its drillships has started its new assignment offshore Brazil with the country’s state-owned giant, Petrobras. Back in October 2021, Valaris won a deal for the stacked drillship Valaris DS-4 with Petrobras for operations offshore Brazil. The contract was for a minimum term of 548 days. At the time, the Valaris DS-4 rig... Continue Reading →
Petrobras: Highlights on production and sales in 2Q22
In 2Q22, we delivered an operating performance fully in line with the Company's plans. Average production of oil, NGL and natural gas reached 2.65 MMboed, 5.1% below 1Q22. This result was mainly due to the beginning of the Production Sharing Contract for the Surplus Volumes of the Transfer of Rights of Atapu and Sepia, effective... Continue Reading →
New updates on Petrobras’ exploratory program off the coast of Espírito Santo.
The company restarted the drilling of the wildcat well ES-M-596, in a water depth of 2,117 meters. As we reported, the original well (1-BRSA-1385-ESS) began to be drilled at the end of June. The drilling of the repeated well, named 1-BRSA-1385A-ESS, began yesterday (19). As the market knows, when the original well is lost, operators... Continue Reading →
Petrobras on payment of remuneration to shareholders
Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 05/05/2022 and 06/20/2022, informs that it is carrying out today the payment of the 2nd installment of the remuneration to shareholders approved by its Board of Directors in a meeting held on 05/05/2022. The gross amount distributed today corresponds to dividends of R$... Continue Reading →
MODEC’s new FPSO on the road to Brazil
Japanese FPSO operator MODEC has seen its new floating production storage and offloading (FPSO) vessel set sail from China to Brazil to work in the pre-salt Santos Basin for the country’s energy giant Petrobras. Converted from a very large crude carrier (VLCC) and delivered by COSCO Shipping Dalian in China, the FPSO Almirante Barroso MV32 started its... Continue Reading →
Brazil’s Petrobras set to cut gasoline prices Wednesday
(Reuters) - Brazil's Petrobras will reduce gasoline prices at its refineries by about 5% on Wednesday, the state-run oil company said in a statement, its first price cut since late 2021, making analysts review projections for the country's inflation. Federal lawmakers and President Jair Bolsonaro have been putting intense pressure on the company's leadership to... Continue Reading →
