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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on June 2, 2021, related to the sale of its 27.88% interest in Deten Química S.A. (Deten), informs that it postponed to July 8, 2021 the deadline to execute the Confidentiality Agreement and the Compliance Certificate and grant access to the Confidential Information Memorandum... Continue Reading →
(Oilprice) Latin America’s largest oil producer Brazil is one of the worst affected countries globally by the COVID-19 pandemic. According to the World Health Organization, Brazil is the third ranked country by volume of cases and second by deaths. There were fears earlier this year that the rapid spread of the virus would derail Brazil’s offshore oil... Continue Reading →
UK-based engineering firm John Wood Group, also known as Wood, on Monday said it had reached agreements with authorities in the UK, Brazil, and the U.S. to resolve their respective bribery and corruption investigations into the past use of third parties in the legacy Amec Foster Wheeler business. The U.S. Department of Justice last week... Continue Reading →
TechnipFMC said on Tuesday it has been awarded a subsea contract by Petrobras for the Búzios 6-9 fields, located in the deepwater Santos basin offshore Brazil. TechnipFMC, which called the award is "substantial", worth between $250 million and $500 million, will supply subsea trees with controls, electrical and hydraulic distribution units, topside systems, and installation... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/26/2020, informs that today it received the third, and last, installment, in the amount of R$ 271.1 million, of the leniency agreement entered into by Technip Brasil and Flexibras (companies of the Technip Group). Petrobras had already received the first two installments of... Continue Reading →
With Petrobras stepping on the brakes on investments and selling more assets, foreign oil companies are gaining ground in Brazil. Together, Shell, Repsol Sinopec, Petrogal and TotalEnergies already account for 20% of national oil and gas production. Together, the private sector now accounts for 27% of the total, according to data from the National Agency... Continue Reading →
(Reuters) - Consortia led by Brazil's 3R Petroleum Oleo e Gas SA (RRRP3.SA) and private equity firm Seacrest Capital have submitted binding offers for a refinery and dozens of oilfields owned by state-run Petrobras, three people familiar with the matter told Reuters. Polo Potiguar is expected to fetch Petroleo Brasileiro SA (PETR4.SA) from several hundred million dollars to over... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 10/01/2021 and 04/16/2021 informs that on 06/14/2021, a public session was held to open the commercial proposals of the bidders interested in leasing the Bahia LNG Regasification Terminal (TR-BA) and associated facilities, with the company Excelerate Energy Comercializadora de Gás Natural Ltda. (Excelerate)... Continue Reading →
Amid the recent recovery in oil prices on the international market, oil companies are slowly beginning to gain confidence to move forward with new projects. In month of June, when the Brent-type barrel surpassed US$ 70 for the first time in two years, Petrobras, the Norwegian company Equinor and the Australian company Karoon have announced... Continue Reading →
(PetrleoHoje) Maersk Supply Service signs US$ 100 million EPCI contract with Libra's consortium (Petrobras, Shell, Total, CNPD and Cnooc). The company will be responsible for the pre-installation of the mooring system for the FPSO Sepetiba, the production unit at the Mero 2 project, located in the Santos Basin cluster.
Brazil Energy Insight 