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(OE) Brazil's state-run oil firm Petrobras PETR4.SA cut $1.1 billion in planned investments in decommissioning oil and gas platforms in its strategic plan for the 2025-2029 period, compared to what was earmarked in its 2024-2028 plan, the company told Reuters. Petrobras expects to invest $9.9 billion in platform decommissioning through 2029, compared with more than... Continue Reading →
Petróleo Brasileiro S.A Petrobras informs that the Chairman of the Board of the company, Mr. Pietro Adamo Sampaio Mendes, has been nominated by the Ministry of Mines and Energy of Brazil for consideration by the country’s Chief of Staff's Office as a proposed candidate to occupy a Directorship at the National Agency for Petroleum, Natural... Continue Reading →
Petrobras, following up on communication of October 3, 2024, through its wholly-owned subsidiary Petrobras International Braspetro B.V. - Colombia Branch (PIB-COL), and Ecopetrol confirm the largest gas discovery in the history of Colombia with the drilling of the Sirius-2 well. The drilling of Sirius-2 began on June 19, 2024. The well is located within the... Continue Reading →
(Reuters) - Brazilian prosecutors asked state-run oil firm Petrobras (PETR4.SA), opens new tab to do more studies before drilling off the coast of the Amazon rainforest, citing potential effects of extreme weather on tides, according to documents filed on Monday to environmental agency Ibama. An oceanographer's technical assessment commissioned by the Federal Prosecutor's Office and dated Oct.... Continue Reading →
Petrobras informs that it has initiated a new procurement process for the construction of up to two FPSO oil production units for the Sergipe Deep Waters Project (SEAP), in the Sergipe-Alagoas Basin. The procurement model will be Build-Operate-Transfer (BOT), where the contractor is responsible for the design, construction, assembly, and operation of the asset for... Continue Reading →
(OE) Seatrium and the Technology Centre for Offshore & Marine, Singapore (TCOMS) have expanded the research agreement to explore cyber-physical modelling capabilities for predicting the behavior of floating production storage and offloading (FPSO) platforms in high sea states. Seatrium and TCOMS have expanded Master Research Collaboration Agreement (MRCA) signed in April 2023, to advance methodologies... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the announcement made on November 16, 2023, informs that it has signed today a Heads of Agreement (HoA) with the Danish company European Energy. This agreement is an important step in negotiations to structure a business partnership aimed at implementing a commercial-scale e-methanol plant in Brazil, to... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it has started the teaser stage for the transfer of its 25% minority stake in the Tartaruga Field, located in the town of Pirambu-SE, in shallow waters of the Sergipe-Alagoas Basin, operated by SPE Tiêta (Petrorecôncavo). The teaser, which contains the main information about the opportunity and the... Continue Reading →
(Reuters) - Brazil's government and several of its largest commercial banks are working on a plan to speed the divestment of engineering group Novonor's majority stake in Braskem, Latin America's largest petrochemical company, according to six people familiar with the talks. Novonor, which changed its name from Odebrecht after a major graft scandal nearly a decade... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras is in talks with Raizen, BP and Inpasa for a possible joint venture in ethanol, two sources told Reuters, as the firm's CEO aims big in a comeback to the sector. Petrobras is in talks with four or five firms in the ethanol business, Chief Executive Magda Chambriard told... Continue Reading →
Brazil Energy Insight 