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Norway-based energy intelligence firm Rystad Energy said Tuesday it didn't expect any new FPSO orders this year, however, it expects the situation will improve next year when it foresees seven new FPSO to be ordered. "Hit by the second industry downturn in five years, global awards for floating production, storage and offloading (FPSO) vessels will... Continue Reading →
Petrobras is preparing to launch a tender to build Brazil's largest-ever oil platform, according to two people with knowledge of the matter, as the state-controlled oil firm pushes ahead with ambitious plans to boost deepwater production. Petroleo Brasileiro SA, as the Rio de Janeiro-based producer is formally known, plans to launch the leasing tender for... Continue Reading →
July 6, 2020 Petrobras hopes to reach an understanding within six months with Odebrecht about a new shareholder agreement for petrochemical Braskem, in which both companies are partners, said CEO Roberto Castello Branco during an online event on Monday. The new agreement, in which preferred shares would be converted into voting shares, would allow Petrobras... Continue Reading →
July 7, 2020 Petrobras informs that it has started the decommissioning of the P-12 platform, in the Campos Basin. The decommissioning of the P-07 and P-15, in the Campos Basin, and the FPSO Piranema in the Sergipe-Alagoas Basin are also scheduled for 2020. According to the company's Strategic Plan for 2020-2024, 18 production platforms will... Continue Reading →
July 7, 2020 The covid-19 pandemic and the barrel of oil price crisis will affect Petrobras' schedule for the public offering of shares (IPO) of the pre-salt gas pipelines (routes 1, 2 and 3), responsible for interconnecting the oil fields. region off the coast of Rio de Janeiro and São Paulo. Scheduled for 2020, the... Continue Reading →
July 6, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on 06/04/2020, informs the beginning of the non-binding phase regarding the sale of its stakes in five power generation companies: Brasympe Energia S.A. (Brasympe), Energética Suape II S.A. (Suape II), Termoelétrica Potiguar S.A. (TEP), Companhia Energética Manauara S.A. (CEM) and Brentech... Continue Reading →
July 6, 2020 Petrobras withdrew from the pilot plant project for offshore wind generation in Rio Grande do Norte, informed the Emissions and Climate Change manager of the state-owned company, Viviana Coelho, during a webinar promoted by EPBR, on Friday (3/7). In October 2019, Petrobras requested prior and installation licenses to implement the project the... Continue Reading →
July 6, 2020 Focused on the development of the Búzios field, Petrobras prepares series of tenders for the second half of the year. New notices to contract three FPSOs for the Búzios project (phases VI, VII and VIII), in the Santos cluster, one with a production capacity of 225 thousand bopb and two with 180... Continue Reading →
July 6, 2020 Reuters) - Petrobras' decision to sell part of its refining assets is in line with national energy policy and does not go against the Supreme Federal Court (STF) decision on privatization, defended the Ministries of Economy and Mines and Energy in joint note this Monday. The manifestation of the portfolios follows the... Continue Reading →
Norway’s Aker Solutions has delivered the last of 60 sets of subsea trees for pre-salt exploration for Petrobras. This marks the conclusion of the company’s biggest project in Brazil. Aker Solutions landed a deal with Petrobras to provide subsea equipment for deepwater pre-salt field developments in Brazil in March 2013. Continue reading
Brazil Energy Insight 