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The Brasfels shipyard, in Angra dos Reis (RJ), began manufacturing the production modules for the FPSO P-78, which will be installed in the Buzios field, in the Santos Basin. Altogether, ten modules will be built here in Brazil – out of a total of 21 – and the work should last around 20 months. The... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, in a meeting held today, approved the revision of the Shareholder Remuneration Policy (Dividend Policy). The enhancement of the Dividend Policy has become important because of the anticipated achievement of the target of gross debt below US$ 60 billion in the 3rd quarter of... Continue Reading →
(Reuters) - Brazil's Petrobras (PETR4.SA) said on Wednesday it expects to invest $68 billion from 2022 to 2026, a sharp increase from its previous five-year plan, as the state-run oil company seeks to grow oil production from the subsea pre-salt area. The oil production forecast for next year fell slightly, however, with Petroleo Brasileiro SA, as the... Continue Reading →
PJ Valves (PJV), a manufacturer and supplier of valves for the energy industry, has secured orders to supply valves for two FPSOs in Brazil. One of these FPSOs is planned to be one of the largest offshore oil producing units in the world. The FPSO, destined for the Buzios field, will have daily processing capacity... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the news published in the media about the negotiation for the sale of Braskem preferred shares, clarifies that, as disclosed on June 8, August 9, 20 and 30, and October 1, its stake in Braskem is still part of the assets contemplated in its portfolio management. Petrobras maintains its... Continue Reading →
Petrobras will acquire an exclusive 4D streamer seismic and more gravity and magnetometric data through a mega-campaign in the Marlim Sul, Marlim Leste, Barracuda and Caratinga fields, in the Campos Basin. The oil company launched a tender for contracting the service, scheduling the delivery of proposals for December 17th. The 4D streamer seismic mapping will... Continue Reading →
Brazilian oil company Petrobras has awarded Italy's Saipem a new contract worth $940 million for the delivery of subsea umbilicals, risers, and flowlines (SURF) for the installation of a rigid riser-based subsea system for a project offshore Brazil. The system will be installed at the Búzios 7 pre-salt field located about 200 km offshore the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it won the bidding for the leasing of the port facility for storage and handling of fuels, called STS08A in the Porto de Santos, held by the National Agency for Waterway Transportation (ANTAQ) this Friday (11/19), in São Paulo. The company offered R$558 million for the area and... Continue Reading →
Petróleo Brasileiro S.A – Petrobras, following up on the releases disclosed on 08/04/2021 and 10/28/2021, informs that it will carry out the distribution of the anticipation of the remuneration to shareholders relative to 2021 fiscal year, which was approved by the Board of Directors on 08/04/2021 and 10/28/2021 to be paid on December 15, 2021,... Continue Reading →
(Reuters) - Brazilian state-run oil company Petroleo Brasileiro (PETR4.SA) said in a statement on Friday that it will not be able to supply all the orders from fuel distributors in December, due to high demand. The company, known as Petrobras, said there are dozens of local firms able to import fuel and meet additional December demand. It... Continue Reading →
Brazil Energy Insight 