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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 →
Petróleo Brasileiro S.A. – Petrobras clarifies pieces of news published in the media about the increase in its Capex in the 2022-26 Strategic Plan. The Company informs that the values mentioned in the articles are close to the values of the studies assessed by the Executive Board. However, the Strategic Plan is still being analyzed... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has identified the presence of hydrocarbons in the Santos Basin pre-salt, in a pioneer well in the Aram block. Well 1-BRSA-1381-SPS (Curaçao) is located 240 km from the city of Santos-SP, at a water depth of 1,905 meters. The oil-bearing interval was verified through wireline logging and... Continue Reading →
(Reuters) - Petroleo Brasileiro SA (PETR4.SA) is expected to commit between $60 billion and $70 billion in capital expenditure (capex)in its next multi-year business plan as Brazil's state-controlled oil company focuses on exploration and production in subsalt areas, two sources said on Thursday. The 2022-2026 Petrobras plan, to be released on Nov. 25, is in the final... Continue Reading →
Brazil Energy Insight 