Norway’s central bank Norges Bank has revoked „the observation” of the Brazilian oil company Petrobras. The bank manages Norway’s $1 trillion sovereign wealth fund, popularly known as the oil fund, and makes decisions on the observation and exclusion of companies in the Fund’s portfolio. Petrobras was under the bank’s observation since 2016 due to the... Continue Reading →
October oil and gas production in Brazil reached 3,792 MMboe / d and the pre-salt participated with 2,394 MMboe / d
Dec 02, 2019 The October pre-salt production increased by 4.6% over September, totaling 2.394 million barrels of oil equivalent per day (MMboe / d), with 1.905 million barrels per day (MMbbl / d) of oil and 77 , 6 million cubic meters per day (MMm3 / d) of natural gas. Compared to October 2018, the... Continue Reading →
P-50 platform to gain digital twin
Dec 2, 2019 The P-50 platform, which operates in the Albacora Leste field in the Campos Basin, will gain a digital twin. It is a virtual platform mockup, from which you can remotely apply ideas and actions with the potential to reduce costs and increase efficiency and safety in operations. Instead of working on the... Continue Reading →
DOF SUBSEA OPERATES NEW RSVs FOR PETROBRAS
Nov 29, 2019 DOF Subsea reported Thursday that it has begun operations of the Skandi Commander, Skandi Chieftain and Skandi Olympia support vessels for Petrobras in the third quarter of this year. The duration of the contracts is three years, with the option of extension for two more. The vessels are RSVs, equipped with two... Continue Reading →
Exclusive: Brazil, China, UAE firms in second round of bids for Petrobras refineries – sources
Brazil’s state-controlled oil company Petroleo Brasileiro SA (PETR4.SA) has selected four groups for the second round of bidding for four refineries up for sale, including China’s Sinopec, Abu Dhabi’s state investor and two Brazilian firms, according to four people with knowledge of the matter. Sinopec, Abu Dhabi’s Mubadala Investment Co and Brazil’s Ultrapar Participações SA... Continue Reading →
No one in Brazil is keen on OPEC diet, Rystad says
Brazil has experienced a tremendous spurt in crude oil production, propelled by the development of its pre-salt resources. However, taking Brazil’s oil production to its current level certainly didn’t come cheap. Petrobras has paid over 78% of Brazil’s $396 billion bill for exploration (excluding dry well costs), development and operations from 2010 to 2018. This,... Continue Reading →
Spike in Floater Orders, as Demands Ease
For a range of reasons not all related to costs, offshore operators have stated their preference for floating production with a recent slew of orders, a report by dedicated floating production watchers said this week. The world’s floating production supply chain — especially those offering front-end engineering and fabrication — can point at the end... Continue Reading →
Petrobras signs contract for sale of Frade Field
November 28, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that it signed today with PetroRio Jaguar Petróleo Ltda., subsidiary of Petro Rio S.A. (“PetroRio”), a contract for the sale of 30% stake in the Frade concession, located in the Campos Basin, north coast of the state of Rio deJaneiro for US$ 100 million. Currently,... Continue Reading →
Vitoria 10000 Drillship Sold
Nov 28, 2019 Petrobras received eight bids for the purchase of Victoria 10,000, the largest of which was $U$ 15 million, after reducing the minimum bid price from $ 47.5 million to $ 5 million. In the first attempt to sell the rig, no proposal was submitted. Vitória 10,000 is a Petrobras rig, but it... Continue Reading →
Petrobras approves 2020-2024 Strategic Plan
November 28, 2019 - Petróleo Brasileiro S.A. - Petrobras informs that its Board of Directors approved, in a meeting held yesterday, the Strategic Plan for the 2020-2024 five-year period, in line with the company's strategic positioning, released on September 26, 2019, where we aim to be the best energy company in generating value for the... Continue Reading →
Brazil Energy Insight 