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Malaysian FPSO provider Yinson, with its project partner Sumitomo Corporation named the new FPSO Anna Nery, during a naming ceremony held concurrently in Jiangsu, China and Kuala Lumpur, Malaysia. The FPSO Anna Nery is currently undergoing final conversion works and is going to set sail for Brazil in the third quarter, where it will be... Continue Reading →
Forum Energy Technologies (FET) has delivered two work-class remotely operated vehicle (ROV) sales to Brazilian marine engineering company Oceanica to support its deepwater intervention operations. The systems were built at FET’s UK facility at Kirkbymoorside, North Yorkshire, and delivered in the first half of 2022. "FET supplied two Perry XLX-C work-class ROV systems, both... Continue Reading →
Rio de Janeiro, June 07, 2022 - Petróleo Brasileiro S.A. – Petrobras, regarding the news published in the media about the Investment Partnership Program of the Presidency of the Republic (PPI), informs that, today, Resolution CPPI no. 240/2022 was published in the Official Federal Gazette, through which the PPI Council opined favorably to the inclusion... Continue Reading →
Amid successive changes of command, Petrobras will need to ask CADE (Administrative Council for Economic Defense) for more time to sell the refineries it needs to make available to the market because of an agreement signed with the antitrust body in 2019. More than two years after the agreement for the sale of the eight... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has begun the teaser phase for the sale of its entire 18.80% stake in the company UEG Araucária S.A. (UEGA), located in the state of Paraná. The teaser, which contains key information about the opportunity, as well as the eligibility criteria for the selection of potential participants,... Continue Reading →
(ANP) In April, Brazil produced 2.999 MMbbl/d (million barrels per day) of oil, an increase of 0.6% compared to the previous month and 0.8% compared to April 2021. 137 MMm3/d (million cubic meters daily) of natural gas, an increase of 1.8% compared to March and 4.1% compared to the same month of the previous year.... Continue Reading →
(PN) The Brazilian Institute of the Environment (Ibama) granted the installation license for the P-71 platform, which will be installed in the Itapu field. The unit is part of the replicating platform family and will have a production capacity of 150,000 barrels per day. Petrobras had requested the license to install the platform in September... Continue Reading →
(Reuters) Tenaris SA , a global manufacturer of steel pipes, said on Thursday it will pay $78.1 million to resolve U.S. probes into its alleged payment of bribes to win business from Brazil's state-owned oil company Petrobras. The Luxembourg-based company will pay a $25 million civil fine plus $53.1 million in disgorgement and interest to... Continue Reading →
AET, a Singapore-based petroleum logistics unit of Malaysian energy logistics group MISC Berhad, has brought in the second of three Suezmax second-generation dynamic positioning (DP2) shuttle tankers, purpose-built for a long-term charter with Petrobras for operations in Brazil. Back in February 2020, AET inked a charter deal with Petrobras for three Suezmax DP2 shuttle tankers and the first... Continue Reading →
(Reuters) - Brazil President Jair Bolsonaro's government said it aims to include state oil company Petrobras (PETR4.SA) in its privatization program on Thursday, despite analysts calling it a long-shot for the far-right leader seeking reelection. Rather than triggering privatization in itself, the move - not final until Bolsonaro signs a decree - would enable the country's Investment... Continue Reading →
Brazil Energy Insight 