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Petrobras has awarded Fugro with a three-year contract for subsea inspection, repair and maintenance (IRM) services in Brazil. The contract is set to begin in Q4 2021 and will be carried out from Fugro Aquarius using two Fugro-built 3000-meter work-class remotely operated vehicles (ROVs). The award follows the completion of a previous four-year contract for similar services aboard the same vessel. During the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up the release disclosed on 06/04/2021, informs that the scheduled stoppage of 30 days for maintenance of the Mexilhão platform and the Route 1 gas pipeline, which transports the natural gas produced in Mexilhão and other platforms in the pre-salt and post-salt areas of the Santos Basin, will be... Continue Reading →
(OM) Brazil is expected to contribute around 23% (1.3 MMb/d) of global crude oil and condensate production in 2025 from offshore projects coming onstream between 2021 and 2025, according to GlobalData. The company’s report, ‘Global Offshore Upstream Development Outlook, 2021–2025’, reveals that 1.16 MMb/d of crude and condensate production in Brazil in 2025 is expected from... Continue Reading →
(New Straits Times Press) Yinson Holdings Bhd, through its wholly-owned Singapore-based subsidiary Yinson Production Offshore Pte Ltd (YPO), together with its project partner Sumitomo Corporation (SC), signed a US$670 million syndicated loan facility for the FPSO Anna Nery project, with ING, Natixis and Standard Chartered Bank as underwriting banks. The agreement was also signed by... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/11/2021, informs that the National Agency of Petroleum, Natural Gas, and Biofuels (ANP) today approved the Búzios Coparticipation Agreement, which will regulate the coexistence of the Transfer of Rights Agreement and the Production Sharing Contract of the Transfer of Rights Surplus for the... Continue Reading →
(PetroNoticias) CBO Group, a Brazilan maritime support company, today signed an Investment Agreement for the acquisition of the Brazilian company Finarge Apoio Marítimo, owner of a Brazilian-flagged AHTS (Anchor Handling Tug Supply) vessel; and four foreign-flagged AHTS vessels belonging to Finarge Armamento Genovese SRL, totaling the purchase of five vessels. The closing of the transaction,... Continue Reading →
Maritime and offshore classification society ABS said Thursday it had brought together leading companies in the Floating Production Storage and Offloading (FPSO) sector to address the safety challenges produced by a fleet where more than half of the FPSO vessels are over 30-years-old and a quarter are over 40-years-old. The working group, consisting of Chevron,... Continue Reading →
The risk of interference in fuel prices is a factor that has delayed the sale of Petrobras refineries, says Fernando Borges, executive director of Exploration and Production at the company, in an interview with epbr. -- The executive argues that it is necessary to preserve the competitiveness of the oil and gas industry, which includes... Continue Reading →
(PetroNoticias) Tenaris won a new and important contract with Petrobras. The company was chosen to supply a package of tubular products, technologies and services for the third production system in the Mero field, also called Mero 3, in the Santos Basin pre-salt. Tenaris will also provide services through its Rig Direct platform, supporting Petrobras from... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on July 9, 2021, informs the beginning of the binding phase regarding the sale, together with Sonangol Hidrocarbonetos Brasil Ltda. (Sonangol), of all stakes of both companies in the onshore exploratory block POT-T-794, belonging to the BT-POT-55A concession, located in the Potiguar Basin, in... Continue Reading →
Brazil Energy Insight 