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Malaysian FPSO supplier Yinson has signed a deal with Japan's Sumitomo for the latter's participation in the Marlim FPSO project. Yinson said Thursday that the two companies concluded an agreement for their participation in the charter, operations, and maintenance of FPSO Anna Nery, an FPSO for Petrobras' Marlim revitalization project in Brazil. Continue reading
The negative effects of the global recession caused by the public health crisis did not substantially impact Petrobras’ production and sales performance in the first quarter, according to the Brazilian oil company’s production and sales report. Petrobras said on Monday that the average production of oil, NGL, and natural gas was 2,909 kboed, resulting in... Continue Reading →
FPSO operator BW Offshore has signed an agreement with Petrobras for an extension of the lease and operation of BW Cidade de São Vicente in Brazil. BW Offshore said on Tuesday that the extension was for 48 days and that the contract would expire on 11 June 2020. Continue reading
April 27, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on January 23 , 2020, informs that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBio), on its behalf and representing its partner RP Biocombustível Ltda, is initiating the binding phase of the competitive process regarding the joint sale of all shares... Continue Reading →
Petrobras 1Q20 Production and Sales Report - Petrobras 1Q20 production and sales report
Apr 27, 2020 Petrobras submitted to Ibama authorization to drill a well, called Anhanguá, in block POT-M-762, in the Potiguar Basin. The planned activity will be carried out 75 km off the coast of Ceará, in a water depth of 2,200 m, and the expected oil characteristics are 28º API, similar to that found in... Continue Reading →
Apr 27, 2020 Petronas group company, Misc, negotiates with Petrobras the chartering of the third production unit for the Mero 3 field. Petrobras and Misc initiated direct negotiation of the daily rate offered in the tender for the charter of the FPSO of Mero 3 - an indication that the group offered a lower price... Continue Reading →
Apr 23, 2020 The National Health Surveillance Agency - ANVISA confirmed contamination by Covid-19 on four vessels supporting the services of offshore oil platforms. The vessels are anchored in Guanabara Bay after confirmation of contamination by Covid-19. In addition to the Subsea 7 Brasil support vessel, with three confirmed cases, Fulmar support vessels are anchored,... Continue Reading →
Brazil's state-run oil producer Petroleo Brasileiro has 261 workers, either staff or contractors, who are infected with the coronavirus, the company said in a statement late on Wednesday. Last Friday, Petrobras, as the company is known, said it had 160 workers diagnosed with the virus. Source: OE
Already grappling with one of Brazil’s most severe outbreaks of the novel coronavirus and a budget deep in the red, Rio de Janeiro state faces a potential threat to its solvency at the hands of investment giants PIMCO and Dodge & Cox. The U.S. asset managers have the right to a 2.5 billion real ($470... Continue Reading →
Brazil Energy Insight 