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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 →
Subsea 7 has issued an update on its offshore oil and gas/wind projects in its latest results statement. The Subsea and Conventional business unit has been progressing engineering and procurement for the Sangomar, Barossa and Bacalhau oil/gas projects, and has started engineering for TPAO’s deepwater Sakarya gas project offshore Turkey. Offshore Norway, three of the company’s reeling vessels, Seven Vega, Seven Oceans, and Seven Navica, laid... Continue Reading →
Aker Solutions has secured a contract with Petrobras to provide a subsea production system and related services for the Mero 4 project offshore Brazil. Aker Solutions will deliver a subsea production system consisting of up to 13 vertical subsea trees designed for Brazil’s pre-salt, including subsea distribution units, subsea control modules, and master control station for... Continue Reading →
(TNPetroleo) The Second Round of Bidding for the Excess Volumes of the Transfer of Rights has 11 companies registered and is scheduled for Dec. 17th. Yesterday another company was approved by the Special Tender Committee (CEL): QP Brasil Ltda (Qatar Petroleo). Another ten companies are also eligible for bidding, having been approved at previous CEL... Continue Reading →
(Reuters) - Whether fuel pump prices fall in 2022 depends on two groups of producers who are struggling to increase oil output in the wake of the pandemic: OPEC and its allies and U.S. shale firms. The global oil industry's slow response to the surging demand in 2021 has contributed to soaring energy costs and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed today with Potiguar E&P S.A. (Potiguar E&P), a subsidiary of PetroReconcavo S.A., contracts for the flow and processing of the natural gas produced onshore by Potiguar E&P in the state of Rio Grande do Norte. The contracts include the right of use of the Guamaré Natural... Continue Reading →
With an important portfolio of projects for the Brazilian market, SBM Offshore is advancing in the construction of three FPSOs for the country. Despite facing logistical challenges caused by the covid-19 pandemic, the Dutch company achieved two important milestones in the works of the platform ships Almirante Tamandaré (Buzios 6) and Alexandre de Gusmão (Mero... Continue Reading →
(TNPetroleo) Petrobras is significantly reducing the amount of interest and charges on its financial debt. Expenses with these financings dropped to US$ 669 million in the 3rd quarter of 2021, 31.1% lower than the US$971 million spent in the 3rd quarter of 2020. When comparing the first nine months of 2021 with the same period... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it will once again integrate the Dow Jones Sustainability Index World (DJSI World) of S&P Global's Corporate Sustainability Assessment. Petrobras received the highest score in the Materiality, Environmental Report, Water-Related Risks and Social Report criteria. The company also stood out in the criteria of Climate Change, Operational Eco-efficiency,... Continue Reading →
Brazil Energy Insight 