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Petróleo Brasileiro S.A. – Petrobras clarifies about pieces of news in the media regarding cuts in fuel orders fulfillment. As disclosed in the 2Q21 Production and Sales Report, the company operated its refining facilities in the first half of 2021 with a utilization factor (UF) of 79%, in line with the 2020 average and higher... Continue Reading →
(PetroleoHoje) 3R Petroleum must submit new development plans (PDs) to reduce royalties and/or extend contracts for newly acquired fields within one year after approval of the Annual Work Programs (PAT), Annual Production Programs (PAD) and Annual Reserve Bulletins (BAR) by the ANP. In an official letter to the agency, the company proposed the presentation of... Continue Reading →
Constellation is about to win two new charter contracts for the semi-submersible rigs Gold Star and Lone Star with Petrobras. The deal comes from the tender for the charter of one or more low specification units for operation in 2,400 meters of water depth, the result of which was released on Wednesday (13/10). The result... Continue Reading →
Petrobras is expected to export more oil from Buzios to China in the coming months, while it reserves Tupi oil for the domestic market, reveals consultancy Platts. According to the company, Petrobras sources say that the oil company has been channeling more volumes of Tupi into its own system in recent months, while focusing on... Continue Reading →
Oil States Brasil announced this week that it has signed a new and important contract with Petrobras. Under the new agreement, the company will provide offshore planning, maintenance and inspection services on cranes on the oil company's five FPSOs. The new contract will run for three years. "Having a broad knowledge of the market, combined... Continue Reading →
The Brazilian Institute for the Environment (Ibama) granted Petrobras the operating license for the second Early Production System (SPA-2) in the Mero field, located within the Libra block, in the pre-salt of the Santos basin. As well as the first SPA in the area, this new project will also be carried out with the FPSO... Continue Reading →
(Reuters) - Brazilian President Jair Bolsonaro, frustrated that he has been blamed for gasoline price increases, is now inclined to privatize oil company Petrobras (PETR4.SA), he said on Thursday, adding he would discuss the idea with economic advisors. "Now I want to privatize Petrobras. ... I will check with the economic team what we can do... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news in the media about the sale of onshore production fields, located in the Recôncavo and Tucano Basins, in the state of Bahia, jointly called the Bahia Terra Cluster, clarifies that it has received binding offers from potential interested parties in the acquisition of the assets.The... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras reports that it will release its 3Q21 Production and Sales Report on October 20, 2021 and its 3Q21 Financial Performance Report on October 28, 2021, both after the markets close. On October 29, 2021 two webcasts will be held, the first in Portuguese and the second in English, to present... Continue Reading →
Petrobras has awarded TechnipFMC a three-year contract for the pipelay support vessel Coral do Atlântico. Operations offshore Brazil are expected to begin in 2Q 2022. The Brazilian-registered vessel will mainly be deployed in ultra-deepwater of up to 3,000 m (9,842 ft). Jonathan Landes, president, Subsea at TechnipFMC, said: “Coral do Atlântico is the third of our pipelay support vessels to be contracted... Continue Reading →
Brazil Energy Insight 