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Aug.18 (agenciapetrobras.com) The Buzios field, operated by Petrobras, broke its record and surpassed daily production of 900,000 barrels of oil this weekend. Located in the pre-salt layer of the Santos Basin, approximately 180 kilometers off the coast of Rio de Janeiro, Búzios was discovered by Petrobras in 2010 and began operations in 2018. With this... Continue Reading →
Aug.18 (Reuters) Petrobras is considering an investment in sugar and ethanol producer Raizen as a way to re-enter the ethanol market, local newspaper O Globo reported on Saturday, citing sources. Petrobras had previously said it was eying a return to the ethanol sector after having announced in its 2017-2021 strategic plan it would no longer... Continue Reading →
Aug. 15 (PN) FPSO Almirante Tamandare (Búzios 7 Project) reached yesterday (14) the highest production flow rate per unit in Petrobras' history, three months ahead of schedule, November of this year: 225,000 barrels per day. The FPSO began operations in February in the Buzios field, in the Santos Basin pre-salt layer. The record confirms expectations... Continue Reading →
AUG.13 (Offshore Technology) Colombia's state oil company Ecopetrol, has reported a 46% decrease in net profit for the second quarter (Q2) due to declining global oil prices and slight production decreases. The company's net profit fell to approximately $450m (1.81trn pesos), down from the previous year's equivalent of $840m, with total sales also decreasing by... Continue Reading →
Aug.13 (PN) Petrobras appears closer than ever to obtaining the long-awaited environmental license to drill in the promising Foz do Amazonas basin, off the coast of Amapá, within the so-called Equatorial Margin. Technicians from the company and the Brazilian Institute of the Environment and Renewable Natural Resources (IBAMA) this week finalized the details for the... Continue Reading →
Aug 11 (PN) Seagems completed the BRAVA Project, carried out in the Atlanta Field, in the Santos Basin. Signed in 2022, the contract included an EPCI (Engineering, Procurement, Construction, and Installation) campaign, developed in partnership with its shareholder Sapura Energy. The final phase began in April 2024, with the mobilization of the vessel Onix to... Continue Reading →
Aug. 11 (oilprice.com) Brazil’s state-controlled oil giant Petrobras sneezed at the end of last week, and the domestic stock market caught a cold. Despite returning to a profit for the second quarter of the year, Petrobras dashed hopes of an extraordinary dividend for this year amid lower oil prices and higher investments into production expansion.... Continue Reading →
(offshore-energy.biz) Norwegian vessel owner DOF Group has secured two new long-term contracts with Brazil’s state-owned energy giant Petrobras that have a combined value of more than $275 million. Skandi Carla and Geoholm have been contracted on four-year charters with Petrobras as remotely operated vehicle (ROV) support vessels, both expected to begin their contracts in December.... Continue Reading →
Aug.11(PN) The Energy Research Company (EPE) recommended authorization for the construction and installation project of the Sergipe Aguas Profundas (SEAP) gas pipeline, presented by Petrobras. The project was analyzed in ongoing dialogue with the National Petroleum Agency (ANP), seeking to ensure the compatibility of the new infrastructure with national energy planning. "EPE's analysis indicated the... Continue Reading →
(PN) Petrobras is conducting two initiatives focused on Tupi, the country's largest producing field, located in the Santos Basin pre-salt layer. The company's Director of Exploration and Production, Sylvia dos Anjos, announced that the asset is receiving special attention with the aim of extracting more value and increasing production in the area. Furthermore, the company... Continue Reading →
Brazil Energy Insight 