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Between 2021 and 2025, Petrobras plans to invest US$ 13 billion in the Campos Basin, mainly for the revitalization of oil fields. Petrobras has reallocated investments through what it calls "active portfolio management", that is, it has bet on assets with the potential to generate more value in the medium and long term and the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on June 15, 2021, informs that it signed today, together with Fundação Petrobras e Seguridade Social (Petros), a Term of Commitment, regarding its parity interest, for the cash payment of the debt recognized in the migration process of the PPSP-R and PPSP-NR Plans to... Continue Reading →
Prysmian Group has secured a contract to provide deep-water electro-hydraulic umbilicals and specialized offshore and logistic services to Petrobras. Italian cabling company is to deliver 350 kilometres of high-end deep-water electro-hydraulic umbilicals using both steel tube and thermoplastic technology. The umbilicals will be engineered, produced, tested and delivered in the period from 2022 to 2025... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it has received an official letter from the Ministry of Mines and Energy with the following indications for the composition of the slate of the Federal Government for the company's Board of Directors positions, whose election will take place in the next Extraordinary General Meeting: I - Eduardo... Continue Reading →
PetroRecôncavo continues to deliver positive results in its operations, creating an attractive growth potential with the clusters it already has. In Safra's opinion, the company should keep up the good pace – or even create more value with the acquisition of new areas. "In our view, PetroRecôncavo should be able to continue delivering good results... Continue Reading →
The economic recovery of Brazil’s ultra-deepwater oil and gas market is underway, according to a recent report by Evercore ISI. In its latest Offshore Rig Market Snapshot (July 2021), the consulting firm noted that three term floater contracts were signed for Brazil over the week ending July 15, with Petrobras renewing two ultra-deepwater drillships and... Continue Reading →
Norwegian offshore vessel operator DOF has secured contracts in Brazil for two of its anchor handling tug supply vessels. The company has won contracts through its Brazilian subsidiary Norskan The Skandi Paraty vessel, with an ROV onboard operated by DOF Subsea Brasil, has been awarded a one-year contract extension with Petrobras until July 2022. The... Continue Reading →
DOF Subsea has mobilized Skandi Neptune for the ocean bottom node (OBN) 4D seismic campaign on the Jubarte field in the Campos Basin offshore Brazil. As reported in May, Skandi Neptune will support the seismic surveys that Shearwater GeoServices will carry out on Petrobras’ Jubarte, Tupi and Iracema fields. The vessel and the team will first... Continue Reading →
The Abreu e Lima Refinery (RNEST) begins its first scheduled maintenance shutdown since the unit began operating in 2014. Planned to meet regulatory standards, and essential for the refinery's operational safety, the shutdown will include the maintenance of practically all of the refinery's equipment, such as compressors, engines, vessels, heat exchangers, valves, reactors and others,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/21/2020, informs that today it has concluded the sale of its total interests in eight onshore exploration and production fields, jointly called Rio Ventura Cluster, located in the state of Bahia, to 3R Rio Ventura S.A., a wholly owned subsidiary of 3R Petroleum... Continue Reading →
Brazil Energy Insight 