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(TE) MISC Bhd’s maiden foray into the deep-water floating production, storage and offloading (FPSO) segment of the oil and gas (O&G) industry in Brazil will be closely watched this year. According to S&P Global Ratings, any potential delays and cost overruns on the Mero 3 FPSO project could weigh on its credit rating in the... Continue Reading →
(PN) Siemens Energy will supply a topsides turbomachinery package for the P-78 platform. The contract was signed with Keppel Offshore & Marine. The FPSO, which is owned by Petrobras, will also be operated by the Brazilian state-owned company, in partnership with the Chinese CNOOC and CNODC in Campo de Buzios, in the Santos Basin, approximately... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on August 07, 2020, informs that the process of selling the totality of its interest in the Tartaruga Field, located in shallow waters of the Sergipe-Alagoas Basin, State of Sergipe, was not concluded. The process was in the binding phase. Thus, reinforcing its commitment... Continue Reading →
(Reuters) - Holding company J&F Investimentos has prepared an offer to purchase a controlling stake in Brazilian petrochemical firm Braskem SA (BRKM5.SA), newspaper O Globo reported on Sunday. The newspaper, which did not say how it obtained its information, did not specify the stage of any potential negotiations, saying only that the offer "had been discussed,... Continue Reading →
(PetroleoHoje) At the end of April, Petrobras will start a drilling campaign in Colombia. The activity will be carried out in the Tayrona area, located in the deep waters of the Guajira Basin. The activity will be carried out by Transocean's Development Driller III rig, which began to be towed to the location last week.... Continue Reading →
(PN) Oil States Brasil announced the signing of a new and important contract with Petrobras. The new agreement covers the provision of maintenance services on hydro-pneumatic pumps, instrumentation valves, regulating valves, directional valves, selector valves, high pressure valves and hydraulic filters with service and spare parts. The contract will last for three years. “Among the... Continue Reading →
Offshore accommodation rig provider Prosafe has won a bidding process for a four-year contract with Petrobras for the supply of a semi-submersible vessel for safety and maintenance support offshore Brazil. Prosafe, which plans to deploy the Safe Notos semi-submersible floated for the contract, said that a potential contract award and timing of the contract award... Continue Reading →
ANP data show that oil production is taking place in 124 producing fields ceded by Petrobras to other companies, as of 2019, as part of the divestment process carried out by the company. In the period between 2012 and 2020. Before the divestments, production from these fields fell by approximately 60%, reaching 57,700 barrels of... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 04/04/2022, informs that it received a letter from the Ministry of Mines and Energy on today's date, at 7:18 p.m., in reference to the Petrobras Annual General Meeting to be held on April 13, 2022, with two replacements in the nominations for election... Continue Reading →
(Reuters) - Brazil's government on Wednesdaytapped Jose Mauro Coelho, a high-ranking technocrat with expertise in the nation's oil and gas sector,as the next chief executive of state-run oil company Petrobras. The appointment comes amid a hectic several days for Petroleo Brasileiro SA (PETR4.SA), as the firm is formally known, as well as for the government, which... Continue Reading →
Brazil Energy Insight 