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(OE) Alexandre de Gusmão floating, production storage and offloading (FPSO) unit has entered Brazilian waters, and is heading to Petrobras’ Mero field in Santos Basin for commissioning works before being put into production later in 2025. Alexandre de Gusmão FPSO departed China, heading for Brazil back in December 2024. The news of the FPSO’s arrival to Brazilian... Continue Reading →
(offshore-energy.biz) Colombia’s state-owned oil and gas company Ecopetrol has handed out a contract to compatriot Puertos, Inversiones y Obras (PIO) to provide regasification services in the country’s Pacific Coast area. The new infrastructure will entail receipt and storage facilities in Buenaventura and a regasification facility with a 60 million cubic feet per day (mcfd) capacity... Continue Reading →
(PN) The giant Mero field, in the pre-salt layer of the Santos Basin, reached a new historic milestone. Petrobras announced that the field reached the mark of 500,000 barrels of oil produced per day. Discovered in 2010, Mero is located in ultra-deep waters (depth of 2,100 meters), 180 km off the coast of the state... Continue Reading →
(PN) This week, Petrobras began drilling a well (3-BRSA-1398-RJS) in the Alto de Cabo Frio Central block, in the pre-salt layer of the Campos Basin, in a water depth of 2,276 meters. The activity is being carried out by the West Polaris drillship, according to information available on the website of the National Petroleum Agency... Continue Reading →
(OM) Seadrill has reported a current overall order backlog of $3 billion, while Velesto reported $158.8 million in orders. Meanwhile, last week competitor Noble reported it added $525 million of contracts to its drilling backlog. Seadrill’s West Polaris drilllship has started a contract with Petrobras offshore Brazil, following a delay caused by commissioning and testing of upgraded equipment. Another of the... Continue Reading →
(oilprice.com) Petrobras is beefing up its offshore game, throwing four more support vessels into the mix by 2026—bringing the grand total to 48. Brazil’s state-run oil company is gearing up to boost production to 2 million barrels per day (bpd) at the Buzios field by 2030, cementing Brazil’s status as an offshore oil heavyweight. Petrobras... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors (CA), in a meeting held today, authorized the submission to the Annual General Meeting (AGM), scheduled for April 16, 2025, of the proposal for the distribution of dividends equivalent to R$ 9.1 billion. If approved by the AGM, considering the amounts advanced by the... Continue Reading →
Rio de Janeiro, February 26, 2025 “2024 was a positive year for Petrobras. We consistently maintained strong cash generation, reaching US$ 38 billion in Operating Cash Flow in 2024. This result demonstrates the company's financial health and the quality of its assets, which operate profitably, generating resources to make investments, remunerate shareholders and meet all... Continue Reading →
(offshore-energy.biz) Switzerland-headquartered offshore pipeline installation, heavy lift, and subsea construction contractor Allseas has put the wheels into motion to get ready for its new assignment on Brazil’s second largest oil field. With its headquarters in Switzerland and central engineering and project management office in the Netherlands, Allseas has opened a new project management and engineering... Continue Reading →
(Valor Feb. 20, 2025) With a debt of R$3.3 billion, Seacrest Petróleo filed for bankruptcy protection in the Court of Justice of São Paulo. The company is seeking to suspend collection proceedings and early maturity of the debt for a period of 180 days. The decision to file came after the company received requests for... Continue Reading →
Brazil Energy Insight 