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Petróleo Brasileiro S.A. – Petrobras informs that it was the winner of the "Deals of the Year" award, promoted by the North American magazine Latin Finance, in the category that highlights the best corporate debt management operation (Corporate Liability Management of the Year), in the year 2021. This is the fourth time, in the last... Continue Reading →
SBM Offshore has issued a progress report on various FPSO construction programs in its latest results statement. The third stage flash gas compressor on the Liza Destiny, which operates on the Liza field offshore Guyana, remains stable and continues to operate. Engineering is in progress on a re-designed flash gas compressor, which should be installed around mid-year.... Continue Reading →
(OM) Petrobras achieved record presalt production from its fields offshore Brazil last year, averaging 1.95 MMboe/d. This represented 70% of the company’s total production, and is twice as much as the total presalt output from five years earlier. Late last month the FPSO Guanabara arrived at the Mero field in the pre-salt Santos basin. The vessel, the first at... Continue Reading →
The FPSO Cidade de Anchieta, currently in the Parque das Baleias area, on the coast of Espírito Santo, had its production paralyzed after the presence of oil was discovered near the unit. The information was revealed in the 2021 financial and operational report of the Dutch SBM Offshore, which charters the vessel to Petrobras. The... Continue Reading →
(Bloomberg) -- In the past four years Brazil’s state-owned oil company Petrobras has gone from the world’s most indebted oil producer to showering profits on investors. A controversy over fuel prices on Brazil’s campaign trail is signaling the good times may not last. Rising pump prices are angering voters. Former president Luiz Inacio Lula da... Continue Reading →
Petrobras posted an excellent operational performance in 2021, reaching all production targets for the year with the achievement of the following marks: The highlights for 2021 were: FPSO Carioca production start-up, on August 23, the first platform in Sépia field, in Santos Basin pre-salt. Throughout the year, 3 new producing wells were connected and currently... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the rating agency Fitch reaffirmed its rating at "BB-", with negative outlook, following the Brazil's rating. The stand-alone rating was also reaffirmed at “bbb”, four notches above the country. The agency considers Petrobras' ratings to be linked to those of the sovereign given the Company's strategic importance to... Continue Reading →
Norwegian seismic exploration company Shearwater GeoServices has signed a licensing contract with Brazil’s Petrobras for its Reveal geophysical software. Under the deal, Petrobras’ geophysical processing team will have access to a full range of geophysical processing tools, including time, depth, multicomponent, time-lapse 4D processing and advanced imaging offered by the Reveal software platform. The agreement, characterized by... Continue Reading →
Malaysian FPSO supplier Yinson has won a contract with Brazil's Petrobras for the delivery of an FPSO for the deployment at the Parque das Baleias Integrated Project, to be installed in the Jubarte Field, located in the north of Campos Basin, offshore Brazil. Petrobras has signed contracts with Yinson's subsidiaries for the chartering and provision... Continue Reading →
Petrobras reached an average of 88% of total load factor of its refineries in the last three months of 2021. In early February, it reached close to 90%. Operational decisions in refining take into account that, for each barrel of oil processed in the refinery, necessarily, several products are generated and subsequently distributed. For example,... Continue Reading →
Brazil Energy Insight 