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Dec 10, 2019 The P-70 has left the shipyard in Qingdao, China, to travel to Brazil and will arrive at Atapu field in the first quarter of 2020. The start-up of the operation will take place after the mooring and interconnection work of the first producing well. The P-70 platform is part of the replicant... Continue Reading →
AFGlobal announced on Monday that its Active Control Device (ACD) has been approved by Petrobras for use on its wells in Brazil. This approval follows rigorous testing review at the AFGlobal’s Advanced Technology Center in Houston, the company said. “This is a pivotal milestone for AFGlobal, and we are very proud to have our technology... Continue Reading →
Dec 09, 2019 Petrobras will send letters of apology to about 2,000 employees who have been investigated for possible involvement in corruption schemes following the Lava Jato operation, state oil company president Roberto Castello Branco said on Monday. During his speech at a compliance event at the company's headquarters, the executive stressed that internal investigations... Continue Reading →
December 9, 2019 – Petróleo Brasileiro S.A.- Petrobras, following up on the release disclosed on 04/25/2019, reports that it has completed today the sale of its entire stake in 34 onshore production fields located in the Potiguar Basin, in the state of Rio Grande do Norte, to Potiguar E&P S.A., a subsidiary of Petrorecôncavo S.A.... Continue Reading →
Dec 9, 2019 Petrobras has completed a feasibility study with Chinese oil company CNPC on refining operations at the Comperj refinery in Itaboraí (RJ), said the Petrobras executive director of refining and natural gas Anelise Lara. The executive added that Petrobras is seeking to recover a volume of gas from an existing contract to import... Continue Reading →
December 9, 2019 Petróleo Brasileiro S.A. – Petrobras, in accordance with them commitments made through the Agreement, signed with the Administrative Council for Economic Defense (CADE), on July 8, 2019, informs that it is starting the process of leasing the LNG Regasification Terminal of Bahia (TR-BA), at Salvador/BA, and its integrated pipeline. Thus, the company... Continue Reading →
The chief executive of Brazilian state-run oil firm Petroleo Brasileiro SA (Petrobras) said on Friday he wants to sell the company’s stake in petrochemical company Braskem SA within a year. At the London leg of an international investor roadshow, top Petrobras officials presented plans to sell tens of billions of dollars in assets to reduce... Continue Reading →
Dec 6, 2019 The chief executive of Brazilian state-run oil firm Petroleo Brasileiro SA said on Friday it was too early to commit to a climate target and that energy companies had a range of thoughts on the matter. Asked if the firm would match a pledge similar to Spanish energy group Repsol's this week... Continue Reading →
December 6, 2019 Concerned about the natural decline in the Campos Basin post-salt in contrast to the record highs in pre-salt production, Petrobras announced this week through its exploration and production director Carlos Alberto Pereira de Oliveira that it will invest 21 billion dollars for the next 4 years. The investments would aim to try... Continue Reading →
Dec 5, 2019 One of the most anticipated investments in oil and gas in Espírito Santo has been postponed for the next three years. The Parque das Baleias Integrated project had its start-up date postponed by Petrobras to 2023. Initially, the investment was announced for 2021 and had already been postponed to 2022. The new... Continue Reading →
Brazil Energy Insight 