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(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 →
Talos Energy Inc has withdrawn from a consortium with EIG Global Energy Partners, Enauta Participacoes SA and 3R Petroleum Oleo e Gas SA, and the group has submitted a binding offer to Petrobras for the Albacora and Albacora Leste oilfields in Brazil, five sources with knowledge of the matter said on Monday. Another consortium composed... Continue Reading →
(Reuters) - Brazil's government is considering the use of oil industry royalties to finance 7.5 billion reais ($1.4 billion) in cooking gas subsidies for poor families, Mines and Energy Minister Bento Albuquerque told Reuters on Monday. He also said in an interview that next month the government expects to launch a program encouraging voluntary reduction... Continue Reading →
(PetroNoticias) Petrobras pretends to close the 2021 with the same volume of oil exported as last year. However, to achieve the goal, the company had to diversify its customer base. The main buyer, China, reduced its volume of oil purchases from the state-owned company by 33%. Therefore, Petrobras has diversified its exports to refiners located... Continue Reading →
The director of exploration and production at Petrobras, Fernando Borges, said that Petrobras is close to launching the process of contracting the HISEP module for the Júpiter field, in the Santos Basin . As a reminder, HISEP is a new technology developed and patented by the state-owned company for the separation and reinjection of CO2... Continue Reading →
(PetroNoticias) The Campos Basin will be the main focus of this year and the next within Petrobras' exploratory program. In all, the company plans to drill 20 new wells between 2021 and 2022 in Brazil, 11 of which will be inside Campos, in the so-called “pre-salt fringe”. The move could result in a boost in... Continue Reading →
(Reuters) - Brazil's Federal Audit Court (TCU) says there is a risk of fuel shortages in regional markets as a result of the sales of assets by state-controlled oil company Petroleo Brasileiro SA (PETR4.SA), according to a statement on the court's website. The TCU said it found a risk of shortages in an audit of the... Continue Reading →
(Reuters) - Brazilian state-run oil firm Petroleo Brasileiro SA (PETR4.SA) said on Thursday it has hired JPMorgan Chase & Co (JPM.N) as adviser to sell its stake in petrochemical company Braskem SA (BRKM5.SA), confirming an earlier Reuters report. Earlier on Thursday, Petrobras executives said in a conference call with investors that it had hired advisers to sell its stake in... Continue Reading →
Solstad Offshore has secured a contract with Petrobras for the deployment of its construction support vessel (CSV) Normand Flower on the Brazilian continental shelf. Under the contract, Solstad will support Petrobras’ exploration and production activities. The contract duration is three years firm with 475 days options thereafter, commencing in April 2022. Additionally, Solstad has signed a contract extension... Continue Reading →
Brazil Energy Insight 