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The FPSO Cidade de São Vicente will leave Brazil possibly in July. After trying unsuccessfully to negotiate a new contract in the country, BW Offshore will take the production unit abroad. The likely destination is Asia. The decision to withdraw the FPSO from Brazil was taken recently by BW Offshore, after negotiations with Trident and... Continue Reading →
Oil States do Brasil won an important contract from Petrobras to maintain equipment and accessories and to support the offshore operations of the state-owned company. The contract will provide operational support for various subsea equipment used in Petrobras projects to ensure full availability in operations. This type of contract, which historically was executed within the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/05/2020, informs that it has today finalized the sale of its 50% interest in the Dó-Ré-Mi onshore field, located in the Sergipe-Alagoas Basin, in the state of Sergipe, to the company Centro-Oeste Óleo e Gás Ltda. After fulfilling the previous conditions, the operation... Continue Reading →
(PetroleoHoje) Six months after the binding date, Petrobras and 3R Petroleum should close, by the end of June, the divestment operation of the Papa-Terra field, located in deep waters in the Campos Basin. The terms of the asset purchase and sale contracts have already been negotiated, depending only on the seller's internal arrangements to conclude.
(Reuters) Brazilian state-run oil firm Petroleo Brasileiro SA (PETR4.SA) said on Friday that it will start a staggered return from home office to on-site work for its white-collar workers between July and August. Petrobras, as the company is known as, told Reuters the process will continue in October with up to 20% of office occupancy and will... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced the final results and settlement of the previously announced cash tender offers by its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), with respect to any and all of PGF’s outstanding notes of the series set forth in the table below (the “Notes” and such offers, the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed today with Pré-sal Petróleo S.A. (PPSA) and its partners CNODC Brasil Petróleo e Gás Ltda. (CNODC) and CNOOC Petroleum Brasil Ltda. (CNOOC) the Búzios Coparticipation Agreement, which will regulate the coexistence of the Transfer of Rights Agreement and the Production Sharing Contract for the Suplus of the... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on August 26, 2020, informs that it sent today to Petrobras Distribuidora S.A. (BR) a letter requesting cooperation to implement the secondary public offering (follow on) for the sale of its remaining 37.50% interest in the capital stock of that company whose execution will... Continue Reading →
Brazilian oil and gas major Petrobras has signed a contract with a joint venture formed by Saipem and DSME in the amount of $2.3 billion for the supply of P-79, the eighth unit to be installed in Búzios field, in the Santos Basin pre-salt area. With a capacity to process 180,000 barrels of oil per... Continue Reading →
Fugro's soon-to-be-sold marine seismic acquisition subsidiary Seabed Geosolutions has received a conditional Letter of Award (LOA) from an undisclosed company for an ocean bottom node (OBN) project in the Americas region. The project is anticipated to start in the fourth quarter of 2021 after the completion of the current crew commitment in Brazil, extending the... Continue Reading →
Brazil Energy Insight 