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August 7, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 06/01/2020, announces the beginning of the binding phase regarding the sale of its stake (35%) in the Manati field, a shallow water offshore production located in the Camamu Basin, in the state of Bahia. Potential buyers qualified for this phase... Continue Reading →
August 7, 2020 Petróleo Brasileiro S.A. – Petrobras hereby announces that it achieved record sales for the S-10 Diesel in the Brazilian market. The Company sold 1.78 million m³, 12.7% higher than the previous record in July 2019, when sales reached 1.58 million m³. The sales record for the S-10 Diesel reflects the rapid commercial... Continue Reading →
Aug 7, 2020 Petrobras officially launched this week the bid for contracting the new platform P-78, which will be installed in the Buzios field, in the Santos Basin pre-salt. International competition will have the opening of proposals scheduled for December 18 this year. As we reported, the platform ship will only have the 25% of... Continue Reading →
Norwegian offshore supply vessel owner Solstad offshore has secured several contract extensions with oil companies Total and Equinor in Brazil. France's Total has extended the contracts for the platform supply vessel Normand Swift and the AHTS vessel Far Sagaris until December 2020. Tge vessels will be used to support Total’s activities in the Lapa field... Continue Reading →
Hefty financial losses and a depressed oil market fail to sway Brazilian NOC from pursuing ambitious upstream strategy The first half of the year was dire for Brazilian state oil firm Petrobras. The producer posted a combined $10.1bn loss, driven mainly by the oil price shock of Covid-19, currency devaluation and $13bn in impairment charges.... Continue Reading →
August 7, 2020 Petróleo Brasileiro S.A. – Petrobras hereby announces that the Executive Board approved the monthballing of the Merluza platform (PMLZ-1), located in shallow waters in the Santos Basin. The platform’s production had already been interrupted since March 2020, with the abrupt drop of demand for natural gas, and the deactivation will allow the... Continue Reading →
August 7 , 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on June 29, 2020, informs the beginning of the binding phase, referring to the sale of its entirem stake in the Tartaruga field, belonging to the SES-107D concession, located in shallow waters of the Sergipe-Alagoas Basin. Potential buyers qualified... Continue Reading →
August 7, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on 06/26/2020, informs the beginning of the binding phase, referring to the sale of its entire stake in a set of seven onshore production concessions (Urucu Cluster), located in the Solimões Basin, in the state of Amazonas. Potential buyers qualified... Continue Reading →
Malaysian FPSO provider Yinson has awarded Royal IHC a contract for the supply of a tandem mooring and offloading system and a riser pull-in system for the Anna Nery FPSO. Royal IHC said that the equipment would be placed onto the Anna Nery floating production, storage, and offloading (FPSO) vessel on behalf of Yinson. Continue... Continue Reading →
August 5, 2020 Petróleo Brasileiro S.A. – Petrobras reports that the platforms (P-74, P-75, P-76 and P-77) installed in the Búzios field, in the Santos Basin pre-salt, reached new monthly production records in July, of 615,000 barrels of oil per day (bpd) and 765,000 barrels of oil equivalent per day (boed). The Búzios field, discovered... Continue Reading →
Brazil Energy Insight 