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In Brazil, where the company's Safe Notos and Safe Eurus are on contracts with Petrobras, the Brazilian oil company in April asked Prosafe for a suspension of the contract for a period of up to 120 days "during which period all logistical services, fuel, and catering support will continue to be provided by Petrobras, and... Continue Reading →
May 13, 2020 Petróleo Brasileiro S.A. – Petrobras, regarding the press releases disclosed on March 18, 2019 and September 11, 2019, which announced the approval of Production Individualization Agreements (AIP) of the Lula, Atapu and Sépia joint reservoirs, in Rio de Janeiro, informs that it executedm Expenses and Volume Equalization Agreements (AEGV) with the respective... Continue Reading →
Petrobras has delayed the submission of binding offers for an oilfield cluster known as Polo Garoupa for the fourth time, two sources with knowledge of the matter told Reuters, as investor appetite in Brazil's offshore oil sector rapidly dries up. With annual production of 19,600 barrels of oil equivalent per day according to bidding documents... Continue Reading →
May 11, 2020 The consortium Kerui Método sent a letter to its suppliers of the works of the Natural Gas Processing Unit (NGPU) at Comperj, saying that the Coronavirus Pandemic was hindering their cash flow and compromising payments. This letter was sent at the request of Petrobras itself, by the manager responsible, who was already... Continue Reading →
May 12, 2020 PetroRio is eyeing the participation in the sale of Petrobras in the Manati field, a shallow water concession in the Camamu Basin whose teaser was published by the state-owned company last week. “We know the field well, so we are looking at the asset. There is the possibility of different projects in... Continue Reading →
May 11, 2020 The domino effect triggered by the coronavirus pandemic is affecting the players in the oil and gas sector, piece by piece. This time, who suffered the fall - and severe, by the way - was the multidisciplinary platform maintenance segment. Petrobras decided to demobilize the maintenance activities of these units and suspend... Continue Reading →
Solstad Offshore has signed a pair of construction support vessels (CSV) to new contracts, reporting deals for CSVs Far Saga and Normand Energy. The Brazilian flagged CSV Far Saga secured a three-year contract from Petrobras. Continue reading
Norwegian offshore EPC contractor Aragon has won a contract to deliver topside modules for Malaysia-based Yinson's Anna Nery FPSO that will produce oil from Petrobras' Marlim field in Brazil. The Bergen-based company, part of Singapore's SembMarine, said that the contract covers the engineering, procurement, and construction of 7 modules for the gas treatment, gas compression,... Continue Reading →
May 11, 2020 Petróleo Brasileiro S.A. – Petrobras confirmed oil of excellent quality in the Southeast area of the Búzios field and greater potential in the pre-salt of the Albacora field. POÇO 9-BUZ-39DA-RJS Located in the Southeast area of the Búzios field, in the Santos Basin pre-salt, 210 km from Rio de Janeiro, the well... Continue Reading →
May 9, 2020 Petrobras' P-48 FPSO was one of the units which the company demobilized due to the coronavirus crisis. Recently, Petrobras demobilized several oil and gas production units due to the coronavirus crisis and the effects caused by it. Among these units was the company's FPSO P-48. After almost a month of standstill, the... Continue Reading →
Brazil Energy Insight 